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.

Kia is currently building a new plant in South Korea’s Gyeonggi province dedicated to the production of battery-powered PBVs of various sizes and specifications.

The Tata Daewoo company was founded in 1995 as Daewoo Commercial Vehicle Company Ltd and was acquired by India’s Tata Motors Ltd in 2004.