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[KH explains] EV tires: Profit surges, sustainability lags

South Korea's tire industry is booming, with leaders Hankook, Kumho, and Nexen posting impressive financials, thanks largely to the surging demand for electric vehicle tires. However, they face a sustainability dilemma, as the environmental impact of these tires clashes with the green ethos of EVs. Regulatory shifts could also affect future profits. The recent spotlight on Hankook & Company, which owns Hanbo.

South Korean battery makers are reducing production and are authorized by the US

The significant tempering of the transition to electric cars (AE) is forcing manufacturers and southerners in the United States to review their goals and reduce staff, as the financial publication Nikkei Asia writes.

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