On July 4th, Continental Group announced the sale of its ContiTech business to investment firm Lone Star Fund.

Recently, Zhongtian Iron and Steel Group's "Automotive Tire Core Material Production Project" was officially signed and landed in Egypt. Egyptian Prime Minister Mustafa Madbury witnessed the signing of the agreement at the Prime Minister's Office in the new administrative capital, and the Egyptian Minister of Electricity and Chairman of the Suez Canal Economic Zone Authority attended the ceremony.

At present, the global automotive industry is undergoing a deep transformation towards electrification, lightweighting, and low carbonization. Tires, as the only parts of vehicles that come into contact with the ground, have become the core competitive mainline of the industry through technological iteration and brand upgrading. As one of the world's leading tire brands, Hankook Tire is based on the changing demands of the global travel market and continues to consolidate its comprehensive compe