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Giti Tire Q1 profit slumps nearly 49% on raw material cost pressures
May 29, 2025
Giti Tire Co., a major Chinese tyre manufacturer, posted a 48.9% drop in Q1 net profit for 2025 due to surging raw material costs, despite modest revenue growth. Net profit fell to 23.7 million yuan, while operating revenue rose 4.8% to 1.13 billion yuan,
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Aeolus Tyres Opens Manila Warehouse, Launches Light Truck Tyre Series
May 29, 2025
Aeolus Tyres has inaugurated a new warehouse in Manila, enhancing its distribution network in northern Luzon, Philippines. Alongside the facility launch, the company introduced its latest light truck tyre series, engineered for durability and high load pe
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Continental’s Push For Sustainable Transformation Of Europe's Commercial Vehicle Fleets
May 29, 2025
Continental is positioning itself as a key player in the sustainable transformation of commercial vehicle fleets in Europe through its Conti Eco and Conti Efficient Pro tyre lines. With the EU’s stringent CO₂ reduction targets for heavy-duty vehicles
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European Business Confidence In China Hits Record Lows Amid Regulatory Barriers
May 28, 2025
A 2025 survey by the European Union Chamber of Commerce in China reveals that 73% of European firms found doing business in China more difficult in 2024, despite a growing trend of supply chain onshoring into the country. The report cites rising regulator
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Continental Secures Platinum In 2025 EcoVadis Sustainability Rating
May 28, 2025
Continental has secured platinum rating in the 2025 EcoVadis Sustainability Rating. Scoring 84 out of 100 points, the company secured a place among the top one percent of companies in this industry assessed by EcoVadis in terms of sustainability.
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Hankook Tire Set To Showcase Its Excellence At 2025 Hankook Shanghai E-Prix
May 27, 2025
Hankook Tire & Technology (Hankook Tire) is all geared up to showcase its excellence at the 2025 Hankook Shanghai E-Prix, a double-header event in the 2024/2025 ABB FIA Formula E World Championship, with its GEN3 Evo iON Race tyres.
