1008 GMT - Tire makers are the best way to invest to help the West catch up to the East in the electric-vehicle market, Bernstein analysts say in a research note. While China's EV market pushes ahead, the West is slowing, facing demand headwinds. Tire makers enable the EV transition by reducing rolling resistance to increase range, the analysts say. In addition, EVs typically use more premium tires: a win-win situation for tire makers, they say. Both Michelin and Bridgestone are well placed to benefit from EV tailwinds, they say. Pirelli is in a similar situation, however Bernstein remains cautious on governance risks, the analysts say. Michelin shares trade 0.3% higher and Bridgestone closed 1% higher in Japan. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
May 29, 2025 06:08 ET (10:08 GMT)
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