Enso to invest US$500 mn in EV tyre facility in US

Enso to invest US$500 mn in EV tyre facility in USUK-based electric vehicle (EV) tyre technology company Enso has announced plans to build a carbon-neutral tyre factory in the US with an investment of US$500 million. Potential factory locations include Colorado, Nevada, Texas, and Georgia, with other states in consideration.

The first-of-its-kind tire factory will utilise carbon-neutral raw materials, building materials and 100% renewable energy.

The factory will produce 5 million EV tyres by 2027 and create 600 jobs, rising to 2,400 jobs when built out to full production capacity of 20 million tyres, representing around 8% of the US total annual tyre market.

The Enso technology campus will integrate research and development with production under one roof to accelerate and scale innovation.

The UK-based company’s tyres already increase EV range by 10% and reduce particulate matter emissions by 35%, it adds and by producing fewer, longer-lasting tyres with better technology, Enso claims it will reduce tyre pollution.