In his new role, Han will look after the company’s strategic direction and operations in the US and Canada and will provide support to the headquarters in Seoul for the company’s North American original equipment sales and the US-based technical centre in Richfield, Ohio.

Han will also provide direction on the company’s short- and long-term goals regarding operational and sales strategies.

Han is taking up new responsibilities while the whole global economy and the manufacturing industry are recovering from the pandemic impact. Han said his immediate priorities are fully understanding the North American market and getting to know the company’s customers in the United States.

“One of my priorities is to ensure our dealers that the company is supporting them in the best possible ways to navigate through the pandemic and thrive well beyond. The pandemic has also affected overall supply chain stability, causing some shortages as we assess variances in supply and demand. We will be focused on stabilising these variances to ensure quality products are delivered to customers in the time frames they need,” Han said.

Before accepting his new role as CEO, Han was Nexen Tire Corporation’s Global Marketing Vice President.

COVID 19 spread has turned the tyre business upside down. Priorities of manufacturers and end consumers have changed. Nexen Tire America is closely working with its customers to understand the requirements and support their business. “Obviously, the pandemic has affected all of our businesses from manufacturer to distributor to retail base, and we aim to be a resource of tools to help us all come out of this past year stronger than ever,” said Han.

Due to the pandemic digitalisation has got a further boost, and the company is focusing on offering digital resources. “Consumers are attentive on digital solutions to adhere to social distancing recommendations,” Han pointed out.

Brand strengthening

Han also worked as the president of Nexen Tire Italia for 7.5 years after working at Nexen Tire’s global headquarters in Korea from 2005-2011. Han has spent a considerable time of his career in the developing market. Now in the developed market, where the Nexen Tire brand is relatively young, Han will have a larger task strengthening its brand. “The Nexen brand has had time to mature in many parts of the Asian market, and by that, I mean there is higher brand awareness and brand loyalty amongst our customers. Nexen Tire is still a young brand here in the States, so we still have many opportunities to build our brand strength in this market,” explained Han.

Not only with the homegrown brands, but Nexen Tire also has competition from the Asian tyre companies, which are aggressively expanding their business in North America. Han said the company would continue building on its current strategies and relationships with the company dealer network to increase its market share in North America.

Research and Development, and customised solutions to meet the local demand play an important role in gaining the local market share. Nexen Tire has already established a global R&D network headed by its main R&D centre in Yangsan, Korea, along with its R&D facilities in the U.S., China, and Germany to develop future-oriented innovative products.

“While we have a legacy of strong partnerships with our Korean based R&D teams, Nexen Tire America has also developed an R&D centre in Ohio to focus on American and Canadian market R&D initiatives. This will ensure we are focused on North American market needs and we are prepared to meet these demands,” said Han.

This year, Nexen Tire aims to launch new products which are currently under development. It plans to announce details at the 2021 SEMA show.

Dealers are an integral part of the tyre business. Dealers are quite vocal and active in the developed nations compared to the developing countries. Nexen Tire will focus on strengthening its relationship with its dealers. “We currently have very strong relationships with our dealer base and will continue to strengthen these bonds in the future. Our strategies include being an integral partner to their growth in the ways of marketing, sales, customer service and product innovation.”

New Mobility

Connected, Autonomous, Shared, and Electric mobilities are going the course of the automotive and the tyre industry is no exception. Sensing the future trends, tyre companies are heavily investing from R&D to production and distribution to meet future mobility. Nexen Tire is currently and consistently analysing and researching potential opportunities in the EV space. “Electric cars and mobility services are the waves of the future, and Nexen strives to stay at the forefront of these trends,” said Han.

Last year in September, Nexen Tire announced it will supply tyres for a new model of the electric car maker Canoo, a US startup company.

Canoo plans to launch the world’s first subscription-based electric vehicle (EV) plans. Under its business model, Canoo will use a membership model to sell its EVs. The company unveiled its first EV model in 2019 and plans to launch it in 2022 commercially.

Nexen Tire will supply its Rodian GTX EV Tyre, an electric vehicle version of Nexen Tire’s all-season premium SUV tyre Roadian GTX which offers electric vehicles’ requirements as tyre safety, durability and low noise. “We are also researching technologies for smart tyres to ensure we meet market demands and the future of mobility,” said Han.

Nexen Tire has also formed a strategic partnership with Plug and Play, the world’s largest corporate innovation platform and startup accelerator, to pursue innovative collaborations in the tyre and mobility industries.

With this partnership, Nexen Tire will seek to partner with the next wave of the most promising technologies in the tyre and mobility industries. This should also enable Nexen Tire to realise its ‘open R&D’ philosophy, offering collaboration and partnerships, especially to firms in the tyre technology field, the company had said.

Talking on the challenges, Han thinks the challenges in business are relatively constant. He added that the Nexen Tire aims to ensure sales increase year over year in a very dynamic and changing environment, including tariffs, global pandemics, and oversupply. “We prepare ourselves for these obstacles and opportunities by remaining fluid and shifting with the market as it requires,” said Han.

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Toyo Tire Corporation said Mitsubishi Corporation has ceased to be a major shareholder after tendering its entire holding through a treasury share buyback, ending its status as the company’s largest shareholder.

The change took effect on 10^th August , 2026, following Toyo Tire’s acquisition of its own shares through off-auction trading (ToSTNeT-3). Mitsubishi tendered all its shares, excluding less than one unit, as part of the transaction.

As a result, Mitsubishi is no longer classified as a major shareholder or associated company of Toyo Tire, the company said.

Before the transaction, Mitsubishi held 30,822,206 shares, equivalent to 20.07 percent of total voting rights, and ranked as the largest shareholder. Following the change, its holding has effectively been reduced to zero.

The move follows Toyo Tire’s earlier announcement on August 7, 2026 regarding the termination of its capital and business alliance with Mitsubishi, alongside plans to repurchase its own shares.

Toyo Tire said the change would have no impact on its consolidated financial results.

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Linglong Tire has become the first Chinese tyre manufacturer to join the Global Data Service Organization (GDSO) as a full member, marking a step in the industry’s efforts to standardise and exchange tyre-related data globally.

The company joins the non-profit body as its fourteenth member. GDSO was established in January 2022 by Bridgestone, Continental, Goodyear, Michelin and Pirelli to facilitate the digital exchange of tyre data and develop common standards across the sector.

Moh Wahi, Head Of Truck And Bus Tyre Development at Linglong Europe, said: "By joining the GDSO as a Full Member and providing reliable data, we want to be the first Chinese tyre manufacturer to make a positive contribution to the further development of the tire industry and set new standards for the efficient processing of tire data in the digital age."

Riccardo Giovannotti, Secretary General of GDSO, said: "With Linglong Tire as a Full Member, GDSO is gaining one of the leading Chinese tire companies which is committed to digitalization and sustainability in the industry. Together, we will further make progress in developing standards for data processing and future-oriented solutions."

Shandong Linglong Tire Co., Ltd., founded in 1975, operates seven research and development centres globally and employs almost 20,000 people. The company runs nearly 200,000 sales outlets and exports products to 175 countries.

It supplies tyres to more than 200 production bases for over 60 automakers and has manufacturing facilities across China, Thailand and Serbia, with plans to expand further overseas.

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TyreSafe, UK’s charity dedicated to raising tyre safety awareness, has joined forces with Sussex Police’s Road Safety Team to introduce a pioneering digital reference tool for frontline officers. The initiative equips police with immediate, device-accessible tyre safety data during roadside stops.

Developed as a local pilot, the application enables consistent vehicle examinations and improves driver communication regarding tyre dangers. It offers specific checklists for diverse vehicle categories, including motorcycles, cars, heavy goods vehicles, light commercial vans and towed trailers. The system further incorporates guidance on part-worn tyres, common queries and educational talking points.

Following its Sussex trial, the programme holds potential for nationwide adoption across UK police forces. This deployment underscores Sussex Police’s dedication to roadway innovation and reinforces the essential contribution of proper tyre maintenance to overall public safety.

Stuart Lovatt, TyreSafe Chair, said, “This partnership with Sussex Police is a landmark moment for tyre safety enforcement and education. By putting reliable, accessible tyre safety guidance directly into the hands of frontline officers, we can ensure safer vehicles on our roads and help prevent avoidable collisions and breakdowns. Sussex is leading the way, and we hope this model will soon be adopted nationally.”

Superintendent Jo Grantham, Head of Roads Policing, Sussex Police, said, “Our officers are committed to keeping road users safe, and having instant access to this tyre safety resource makes a real difference on the ground. It supports enforcement while also giving us the tools to educate drivers more effectively. We’re proud to be working with TyreSafe on this project and to be the first police force in the country to pilot it.”

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The UK Towing Safety Alliance (UKTSA) has published a comprehensive four-year analysis of incident data from National Highways’ Strategic Road Network, covering 2022 to 2025. The findings reveal a 23 percent rise in total towing-related incidents, driven primarily by a maintenance crisis affecting utility and commercial trailers. While traffic collisions involving towed vehicles decreased by 17 percent, mechanical breakdowns now constitute 77 percent of all towing-related incidents, highlighting vehicle and trailer condition as the sector's foremost challenge.

The data coincides with SMMT Motorparc 2025 figures showing Britain's vehicle fleet at its oldest recorded level, with average car age reaching 9.7 years. The summer harvest season has also arrived, bringing agricultural trailers back to roads after months of disuse. NFU Mutual research indicates collisions involving agricultural vehicles are 56 percent more likely between May and September, reinforcing the need for pre-journey roadworthiness checks.

Utility and agricultural trailers now account for nearly half of all towing-related callouts, surpassing 3,000 incidents in 2025. Regionally, the North West has overtaken the South East as the most incident-prone area, with trailer failures surging 60 percent since 2022, while the North East recorded a 55 percent increase. A growing divide exists between leisure and commercial towing sectors.

Leisure sector improvements, including fewer horsebox incidents and regional caravan reductions, suggest awareness campaigns are yielding positive results. However, utility trailer failures continue climbing, indicating maintenance standards across commercial and domestic sectors require greater attention. Regular servicing, correct loading and proper coupling remain essential to prevent avoidable incidents.

For working trailers, summer represents peak operational period, with agricultural and utility trailers seeing intensive use while rural roads become busier with tourists and cyclists. The Alliance emphasises that trailers stored for extended periods require thorough inspections before returning to service.

The UKTSA urges all towers to perform three essential checks covering tyres, load and connection before every journey. Tyres must be inspected for pressure, tread and deterioration; loads correctly distributed and couplings and electrical connections verified. The Alliance will place ‘The Working Trailer’ at the centre of safety campaigns, collaborating with industry partners to boost maintenance awareness and reduce preventable breakdowns across the Strategic Road Network.

A spokesperson for the UK Towing Safety Alliance said, “It’s encouraging to see fewer collisions involving towing vehicles, which suggests that drivers are becoming more aware of safe towing practices. However, that progress is being undermined by a growing number of preventable mechanical failures. The challenge is no longer simply about how people tow – it’s increasingly about what they’re towing and the condition it’s in. As both tow vehicles and trailers get older, regular maintenance has never been more important.”

Stuart Lovatt, Chair of TyreSafe, said, “Harvest season places extra demands on both vehicles and trailers, particularly those that may only be used for a few months each year. One of the most common issues we see is tyres that appear to have plenty of tread but have deteriorated through age, weathering or prolonged storage. Whether you’re towing a livestock trailer, plant trailer, horsebox or caravan, tyres should always be inspected for correct pressure, damage, cracking and signs of ageing before every journey. A few minutes spent carrying out these checks can prevent breakdowns and significantly improve safety for everyone using our roads.”

Sarah Smithurst MBE, COO, National Trailer & Towing Association (NTTA), said, “Across the NTTA network, we’re seeing a noticeable increase in enquiries from people looking to refurbish older trailers or source second-hand trailers, including imported models, as a more affordable alternative to buying new. While extending the life of a trailer is often entirely appropriate, it’s essential that owners understand that trailers are not maintenance-free. Many have been in service for years, sometimes decades, and components naturally deteriorate over time, even if the trailer has seen relatively little use. Every trailer should be thoroughly inspected before it returns to the road, with particular attention paid to tyres, brakes, bearings, couplings and lighting. Investing in regular servicing and maintenance is far less costly than experiencing a breakdown – or worse, being involved in an incident. The NTTA continues to help and advice new and old trailer users about safety and many are asking for help when towing, especially the reversing aspect of a trailer, now the B&E test was withdrawn. We are also seeing more trailers being repatriated from North America and Europe rather than purchasing new in the UK.”

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