Sumitomo Rubber Industries Ltd. (TYO:5110) is accelerating its development of specialized tires for electric vehicles (EVs) in anticipation of further vehicle electrification. Although the company already supplies tires for EVs, the inclusion of batteries makes EVs heavier than vehicles with internal combustion engines, leading to demand for more durable tires. Sumitomo Rubber President Ikuji Ikeda said that by further improving…
