Get A Ringside View On Giti Tire's EV-Powered Race To Catch Up With The World's Leading Tiremakers [Forbes]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Forbes
The muscular tariff regime of Trump 2.0 unleashed turmoil that governments and businesses around the world scrambled to address. Some were better prepared than others, such as the protagonist of our cover story, former medical doctor Enki Tan , now executive chairman of Singapore-headquartered Giti Tire, a tiremaker with Indonesian roots. GO TO PAGE Tan's global ambitions for Giti (pronounced “GT”) spurred him to invest $560 million in building a U.S. factory in 2017 to be closer to the company's American customers. In another prescient move, Tan went all out to sharpen Giti's technological edge in a growing segment of the market: tires for electric vehicles. In September, Chinese EV giant BYD 's new electric hypercar, sporting Giti's wheels, notched a speed record of nearly 500 kilometers per hour to become the world's fastest production car. As Tan disclosed to our contributing editor Ardian Wibisono , tires these days are loaded with much more than meets the eye: “I have people
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