FIA confirms Hankook as future tire partner for Formula E

Today, the FIA (Federation Internationale de l'Automobile) confirmed Hankook Tire & Technology as the Gen3 tire partner of the ABB FIA Formula E World Championship selected by tender process and FIA World Motor Sport Council approval. Equipping the world’s first and only all electric street racing formula with Hankook tires will then form the core of the company's international campaigns and commitments to sustainability and environmental protection worldwide.

Seoul, Korea, 2 July 2020 – Premium tire maker Hankook will be the future tire supplier and technology partner for the ABB FIA Formula E World Championship. When Gen3 is introduced, the world championship will start each of its spectacular races in metropolitan areas around the globe with sustainably produced, particularly long-lasting and energy-saving Hankook tires.

"All our employees worldwide are very proud that Hankook has been selected by the FIA following tender process and FIA World Motor Sport Council approval as the future tire and technology partner for the ABB FIA Formula E Championship. Our company coincides with Formula E’s move towards sustainable growth and we are excited to be a part of this journey as their Gen3 partner," says Sooil Lee, President and COO of Hankook Tire & Technology. "It is impressive how the FIA and the ABB FIA Formula E Championships are addressing climate change and air pollution in our urban environments by promoting the adoption of electric vehicles through this all-electric race series and bringing it to the attention of a broad global audience."

Leading electric car manufacturers already use tailor-made Hankook brand ev-tires (ev: electric vehicle) for the original equipment of their road cars. Now, the company will join in Formula E’s pursuit towards creating a better, cleaner world by providing its future oriented tire technology through the supply of specially designed tires to all Formula E races along with technical expertise. Hankook will be creating bespoke tires for Formula E with innovative technology and connectivity benefits to be used for both wet and dry conditions for multiple events. These tires will offer a very low rolling resistance, suitable to raise electric vehicles efficiency. Furthermore, they will deliver a long-lasting performance containing Bio-sourced material and sustainable rubber.

Hankook Tire & Technology has long been committed to sustainable and environmentally friendly business practices in connection with the assumption of social responsibility and has already firmly anchored this in its business objectives. Only recently, the company was awarded the Platinum Award, the highest honor of the renowned CSR rating agency EcoVadis. Furthermore, since 2016 the manufacturer has been listed continuously in the influential Dow Jones Sustainability Index World (DJSI World), being currently one of three tire makers and the only Asia headquartered company in the automotive supply industry to be listed there.