Hankook Tires 2025 H1 Data
In the first half of 2025, Hankook's tires sized 18 inches and larger accounted for 47.2% of its total passenger car and light truck tire sales, a 0.6 percentage point increase compared to 2024.
In the passenger car and light truck market, Hankook's share of NEV tires increased by 7 percentage points compared to the previous year, now accounting for 24% of NEV sales. This further expands Hankook's influence in the NEV tire market.
Furthermore, Hankook's high-end vehicle sales also increased in the second quarter. Hankook is the tire partner for Lucid Motors' electric luxury car, the Lucid Gravity, as well as Kia's first electric sedan, the EV4, and its first pickup truck, the Tasman.
Hankook's NEV tire, the iON, is the world's first full-line electric vehicle tire and ranked first in a comparison test conducted by the German automotive magazine Auto Bild, highlighting Hankook's leading position in electric vehicle tire innovation.
To further expand its market share in the new energy tire market, Hankook Tire is leveraging data from over 70 global motorsport events to enhance product performance. This "racing-driven research" approach has resulted in comprehensive improvements to its ultra-high-performance (UHP) tires.
Hankook is currently the official tire supplier and team sponsor for series including the FIA World Rally Championship (WRC), the ABB FIA Formula E World Championship, and the Lamborghini Super Trofeo.
By the first half of 2025, Hankook Tire will supply approximately 50 global automotive brands and over 280 models. Its partnerships with premium brands such as Porsche, Mercedes-Benz, and BMW solidify Hankook's leadership in premium tire technology.
However, Hankook Tire's operating profit fell 17.5% to 346.4 billion won in the second quarter, impacted by rising raw material costs, increased logistics expenses, and US auto parts tariffs. However, it's worth noting that Hankook's tire business currently accounts for nearly 98% of its total profit, making the tire business its core business.
Overall, in the first half of 2025, Hankook's tire business revenue reached 485.78 billion won (2.5115 billion yuan) and its operating profit reached 68 billion won (3.516 billion yuan).
