Pirelli Accelerates Into the US with Cyber Tyres
Pirelli will produce Cyber Tyres in the US after Italy limited its Chinese investor Sinochem's influence. The move reflects a strategy to enhance its presence in the US market, addressing concerns over Chinese tech in autos. Production is set to begin at the Rome, Georgia plant.
- Country:
- Italy
Pirelli is set to manufacture its advanced Cyber Tyres in the United States, following the Italian government's decision to curtail Chinese investor Sinochem's influence. This move aims to facilitate the premium tyre maker's expansion across the Atlantic.
The firm's U.S. plant in Rome, Georgia, will spearhead this effort, showcasing Pirelli's commitment to integrating cutting-edge industrial and technological innovations within the country. Cyber Tyres, equipped with sensors and real-time data transmission capabilities, mark a significant advancement in connected mobility technology.
Presenting at the SelectUSA Investment Summit, Pirelli outlined its intentions to solidify its footprint in a key market that generates over 20% of the company's revenue. However, current production only fulfills about 5% of the U.S. demand, underscoring the importance of this initiative.
(With inputs from agencies.)
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