Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Airbus Finds A321neo Fuselage Quality Issue 
SpaceXAI to Double Nvidia Chips at Colossus 2 by Year-End 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Fed Unveils Stablecoin Rules Under GENIUS Act 
H&M Q3 Profit Beats Estimates as Margins Improve 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Oracle Shares Fall as New Mexico AI Data Center Faces Power Delays 
Jeff Bezos Invests $32 Billion in Blue Origin as Space Firm Targets Major Growth 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
Apple Extends Qualcomm Patent Licensing Deal 
US Backs Musk in Fight Against EU’s €120 Million X Fine 
EQT Plans €1.7 Billion Sale of Parques Reunidos Stake 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Add as a preferred source on Google
Hankook Tire & Technology Co. Ltd. recently signed a deal with China’s electric vehicle maker, Leapmotor. The contract is for the supply of tires for sports utility vehicles.
With the agreement, Hankook Tire just speeds up its expansion to China which is considered the largest EV market in the world today. The Korean tire maker confirmed its deal with Leapmotor on Monday, April 24.
As the company is officially supplying tires to the Chinese all-electric vehicle maker, the deal is expected to boost its presence in the country. According to The Korea Herald, Hankook Tire will provide the tires for Leapmotor’s C11 SUV model, and to suit the requirements of this electric vehicle, the company will deliver its Ventus S1 evo3 ev which is a high-performance type of tire that was specially made for EVs.
This Hankook Tire tire model was designed to offer the most effective functions to maximize driving by boosting the efficiency and handling of electric vehicles. The Korean tire maker said that this is the same model that it has supplied to leading EV manufacturers in the world, including Porsche’s Taycan, Volkswagen’s ID.4 and ID.Buzz, Skoda’s Enyaq iV, and Audi’s e-tron GT.
In their deal, Hankook Tire and Leapmotor also agreed to further strengthen their strategic partnership by working on other future projects together. The former said that this collaboration would also serve as an opportunity to put on display its EV-customized technology and layout Hankook Tire’s premium brand image in China.
An official at Hankook Tire & Technology said, “With China being one of the largest EV markets in the world, we are looking to continue expanding our presence in the country’s EV tire sector.”
Yonhap News Agency reported that Hankook Tire & Technology Co. is currently the seventh-largest tiremaker in the world based on sales. To bolster its global brand image, it has supplied its OE tire products to 46 foreign car brands, such as BMW, Porsche, Mercedes-Benz, and Audi.
