Next Century Ventures (NCV), the corporate venture capital fund established by Nexen Tire and holding company Nexen Corp in March 2021, has selected Urban Air Mobility (UAM) as the first target for taking Nexen’s mobility ambitions beyond tyres. Its initial investment in ANRA Technologies is a deal that should hearten those patiently awaiting the arrival of flying cars.
The US-based subsidiary of Korean tyre maker Nexen Tire has relocated its headquarters from California to Richfield, Ohio. The tyre maker chose Richfield as the site is already home to its North American technical centre, opened in 2019 and one of three that Nexen Tire operates worldwide.
John Bosco Kim, currently president of Nexen Tire Europe, is returning to the tyre maker’s headquarters in South Korea to take on a new position there from mid-November. His European remit will be taken over by Peter Gulow, who is currently Nexen Tire Europe’s vice-president Europe Central & East, and DC Kim, vice-president Europe sales and marketing.
Nexen Tire has published the 2020/21 edition of its ESG Report. This document follows up the inaugural report of 2019/20 by expressing the tyre maker’s commitment to expand ESG management and become a fully-fledged customer-oriented organisation, and the report thus provides an update of progress made in ESG-related areas as well as efforts in the fields of environment, society, and governance.
Nexen Tire has entered into a three-year partnership as exclusive tyre for the Anaheim Ducks, the California-based ice hockey club founded in 1993 as the Mighty Ducks of Anaheim. The exclusive tyre arrangement also covers Honda Center, the Ducks’ home stadium.
Nexen Tire has begun sponsoring SK Slavia Praha (Prague) Football Club for the 2021/22 season. The two-year partnership kicked-off during the Club’s first home league match on 7 August. Throughout the deal, Nexen Tire’s brand will be visible at the Eden Arena, home of SK Slavia Praha.
A ceremony was held at Nexen Tire’s R&D centre in Seoul yesterday to mark the official debut of the N’Fera Racing Team. Several of the South Korean tyre maker’s top executives attended the event, including chief executive officer Travis (Ho-chan) Kang, as well as Hwang Doyun, the team’s first driver.
AC Milan and Nexen Tire have announced a new partnership that will see the South Korean brand become the football club’s new tyre partner in the Italian market. The announcement follows a positive season for the ‘Rossoneri’, which saw AC Milan secure a second-place finish in the top-flight Serie A championship and qualify for the UEFA Champions League.
The EV6 is Kia’s first dedicated electric vehicle. Based on Hyundai Motor Group’s Electric Global Modular Platform (E-GMP), the EV6 offers a range of up to 316 miles and rapid charging – when using the State of Charge (SOC) mode, the car can charge from 10 to 80 per cent in just 18 minutes. Nexen Tire reports it is supplying two tyres as original equipment.
Korean tyre maker Nexen Tire has launched a new brand identity along with a new slogan – ‘We Got You’. The aim of both is to further strengthen customer satisfaction with a focus on modern mobility solutions that improve quality of life in a changing world.
The eighth incarnation of the Volkswagen Golf and the fourth generation Seat Leon are both now available ex-works with Nexen N’Fera Sport tyres. Nexen Tire will supply original equipment tyres for these two cars in size 225/45R17 91W.
Stellantis, the company created through the merger of Peugeot and Fiat Chrysler Automobiles in January, has honoured Nexen Tire at its inaugural Supplier Awards. It awarded the tyre maker for Competitiveness, one of eight categories in this year’s event; Nexen was one of two firms recognised for “outstanding performance in terms of cost savings (commercial, process, technical solutions and logistics) and their proposals for a cost reduction portfolio in line with Stellantis’ objectives.”
Porsche will unveil the facelifted 2021 Panamera in August, and Nexen Tire reports its supply of original equipment tyres to this updated second-generation saloon. The new version of the Panamera will wear the Nexen N’Fera Sport in sizes 265/45 R19 105Y XL and 295/40 R19 108Y XL.
Nexen Tire has congratulated long-term partner Manchester City Football Club for its “phenomenal victory” in the 2020/21 Premier League season. Travis Kang, the tyre maker’s chief executive officer, comments that while the past year has been “a whirlwind,” Manchester City’s latest win has “certainly brought joy” to both Nexen and the team’s fans.
Nexen Tire has established Next Century Ventures (NCV), a Silicon Valley-based initiative aimed at backing budding mobility start-ups. Jin Mann Lee, chief strategy officer at Nexen Tire, will double as the managing partner at Next Century Ventures.
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