Pirelli to invest $1.2B in US expansion

Pirelli, the Italian company, has announced an investment plan worth between $1 billion and $1.2 billion to capitalize on its activities in the US market. This includes expanding production and launching its smart "Cyber" tires. This move comes after the start of production of Cyber tires technology at its Georgia plant, at a time when the company is seeking to strengthen its presence in the electric vehicle and smart technology markets, amid Italian government intervention to impose restrictions on the influence of Chinese investor Sinochem to protect its security and technological interests.

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