Pirelli to Manufacture Connected Tires in Georgia Despite Stake Held by Chinese Firm
Pirelli plans to produce its connected tires in Georgia, overcoming potential hurdles linked to its significant Chinese ownership by Sinochem.
Editorial Staff
1 min read
Updated 2 days ago
Pirelli, the Italian tire manufacturer, is set to produce its connected tires in Georgia. This decision comes despite concerns regarding its ownership structure.
Chinese company Sinochem holds a 34.1 percent stake in Pirelli, which raised questions about the implications for the company's operations in the United States.
However, it appears that this ownership stake will not impede Pirelli's plans to establish manufacturing in the U.S., allowing the company to move forward with its project.