A few days ago, Hankook Tire held a press conference at its headquarters to reveal the company's mid- to long-term business prospects.
Tire production and sales, new energy vehicle tires, became the key words of the conference.
According to reports, Hankook currently ranks 5th in the world in terms of tire production and 7th in terms of sales.
The company aims to achieve the world's No. 4 sales volume by 2027.
To this end, Hankook Tire plans to further expand the production of "Aion" series tires.
It is estimated that by 2030, about 11% of the world's electric vehicles will be equipped with this tire.
It is reported that South Korean automakers Hyundai and Kia are accelerating the electrification revolution.
As a result of this move, Hankook Tire lost part of its share of original supplier supply.
The company responded that it would recapture these markets in 3-4 years as production was adjusted.
At present, the market size and profitability of the replacement market are larger than those of the original market.
According to the data, Hankook Tire's global sales account for 10.3% in South Korea, 18.7% in China, 38.8% in Europe, 23% in the United States, and 8.7% in the Middle East, Africa and Asia-Pacific region.