Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, declined by 16% to 268,373 in the fourth quarter of 2024 from 319,099 units a year earlier.

Hankook's decision to expand its Hungarian plant by 66,000 sqm and add this CV tyre production line was driven by the strategic goal of strengthening its presence in the European market. By producing TBR tyres locally, the company aims to shorten its route to market.

Hankook has published its 2024 financials with consolidated global sales of EUR 6,380.7 million, compared to EUR 6,329.5 million in 2023. Operating profit increased by 5.3 percent to EUR 1,194.6 million (2023: EUR 940.1 million) in 2024.

Musso EV to be first Korean-made battery-powered pickup.

Research expected to open up new markets for KGM.

New facility to supply battery packs for Tata Daewoo Mobility.

Subsidies are now based on performance and range.

Glovis to use the HFC trucks for daily parts deliveries.

The South Korean province aims to replace its entire fleet of diesel-powered buses by 2030.

The commercial vehicle market over 2 tons gvw continued to decline sharply in the third quarter of 2024, by almost 19% to 43,267 units from an already weak 53,150 sales a year earlier.

The South Korean company has expanded its range of battery-powered city buses.

Sales declined by 15% to 276,272 in the third quarter of 2024.