Kumho Tire said European sales in Q1 2023 rose 92% year on year to EUR165m.

Profit data was not released.

The company claims to now have “well established” research and development facilities on the continent to enhance its tyres for the market.

In addition to plans to expand its range of all-season tyres for passenger cars, SUVs, vans, and trucks, it plans to boost offerings for the EV sector.

Kumho has already began investing in infrastructure in anticipation of more OEM and aftermarket supply deals with warehouses in both Germany and the UK having already been expanded.