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Electric cars are battery-powered automobiles without internal combustion engines. They have an electric motor. To handle the high torque that increases tyre wear on electric vehicles, tyres must have stronger structures and more durable rubber formulations.
The degree of innovation in EV tyres has increased in recent years due to the lengthy existence of electric cars.
The market for EV tyres is expanding faster due to growing demands for environmentally friendly options. Low rolling resistance tyres are preferred for an easier, less-jarring ride, which has increased demand for EV tyres.
The Malaysia EV Tire Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
A memorandum of understanding between Continental Tyre Malaysia and Castrol Malaysia paves the way for the investigation of a nationwide joint venture.
By utilising each other’s substantial dealer networks, product lines, and industry knowledge, Continental and Castrol hope to improve their market share in the nation while providing customers with high-quality goods and services that are convenient, comprehensive, and worry-free.
Together, they join forces to further establish brand’s presence in Malaysia, and cooperation is a tribute to both brands’ dedication to customer pleasure and safety. They will continue to develop and lead in gaining worldwide market leadership when it comes to service and maintenance thanks to our combined knowledge that supports new prospects.
Michelin And Hyundai Motor Group To Work Together On EV Tyre Innovations, After the successful conclusion of their initial cooperation, the two firms have entered into a second Memorandum of Understanding.
This partnership will start a new road toward creating next-generation tyres that will incorporate the Group’s clean, intelligent, and sustainable mobility solutions.
The following improvements will be developed by HMG and Michelin in collaboration over the next three years: eco-friendly tyres with higher use of eco-friendly materials; tyres designed for future-generation EVs; and a real-time tyre monitoring system that will boost autonomous driving technology.
