Kumho Tire Lands Major Order!

On June 3, Kumho Tire Chairman Yang Qiren announced after the shareholder meeting that the company has successfully secured a main tire supply order for an electric pickup truck from a US startup, with expected small-batch shipments starting in the third quarter. Yang Qiren stated that gaining recognition from US customers served as a strong boost, and Kumho will use this to seek more original equipment opportunities with international automakers. If the customer reaches normal sales volume, it is expected to inject approximately 300 million New Taiwan Dollars (about 67 million RMB) into Kumho's revenue, accounting for more than 1% of the company's total revenue, and the revenue proportion of electric pickup truck tires will reach 1.5%.

In coordination with the new energy tire layout (Kumho launched EV-specific tires in 2024 and acquired Kunshan Taiyuan New Energy in 2025), Kumho is actively expanding overseas capacity. Vietnam plants 1 & 2 each cover approximately 15 hectares; Plant 1 focuses on motorcycles, bicycles, and industrial tires; Plant 2 focuses on cars, light trucks, and SUV tires. Regarding Southeast Asia, the company sees the potential of the motorcycle markets in Indonesia and Vietnam, continuously strengthening Indonesia plant capacity to supply local demand. Regarding the European market, Kumho has distributors in the Netherlands, Germany, Italy, and Spain, and has a rim factory in Croatia. Recently, it also purchased 10 hectares of land near a Germany plant, planning to build a warehouse and assembly plant, which will be upgraded to an European R&D center in the future.

While making rapid progress overseas, Kumho has made financial compliance adjustments to mainland assets. On May 22, Kumho's China investment hub, Kumho Huanyu (China) Investment Co., Ltd., released a capital reduction announcement, reducing registered capital from $210 million to $161 million, a reduction of $49 million (about 332 million RMB), with a reduction ratio of approximately 23.3%. The Taiwan Kumho side explained that the capital reduction was because "the capital originally planned to be invested was not fully available." Industry analysis points out this is a compliance financial and business registration adjustment, reducing uninvested capital to match the actual payment on the balance sheet, reducing pressure from inflated capital contribution, belonging to normal financial adjustment.

Deeply cultivating in the mainland for 32 years, Kumho established the Kunshan plant in 1994, the Tianjin plant started production in 2009, and Huizhou Kumho Rubber was established in 2013. Currently, Kumho Huanyu (China) directly controls two core production bases: Kumho Rubber (Tianjin) and Kumho Rubber (China). This capital reduction optimization advances simultaneously with overseas expansion, demonstrating Kumho's determination to race for the global market with a more flexible financial structure.