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.
Manchester City F.C. and Nexen Tire have announced a new virtual fitness challenge, Nexen Road to Man City. This free virtual race officially begins on 22 April 2021 and encourages participants of any age or fitness level to exercise and adopt a healthier lifestyle by getting outside and being active over a 45-day period.
Nexen Tire shares that it began shipping tyres to Hyundai for original equipment fitment on the fourth-generation Tucson in January. Hyundai Tucson models sold in the Middle East, Africa, and Latin America wear the Nexen N’Fera Primus in sizes 215/65R17, 235/55R18, and 235/50R19. This deal represents the first occasion that Nexen’s European manufacturing plant in the Czech Republic has supplied OE tyres.
Nexen Tire Europe is rationalising its approach to sales and marketing, and has thus announced changes affecting its operations in Austria and Sweden. The tyre maker will transfer responsibility for both markets’ sales organisations to its European headquarters in Kelkheim, Germany by the end of Q1 2021.
Nexen Tire Europe has announced plans to raise tyre prices across the board. According to the company, the price hike is due to rising raw material costs “as well as freight and logistics costs”.
Nexen Tire is introducing a new all-season tyre for light commercial vehicles. The Nexen N’Blue 4Season Van will be available in ten sizes and provide van drivers with a year-round option thanks to its 3PMSF certification.
Nexen Tire has shared details of how it has used Artificial Intelligence (AI) and big data-driven methodology to help reduce tyre noise. The big data research for Noise, Vibration, and Harshness (NVH) was jointly conducted with Hyundai-Kia Automotive Group and Inha University in Korea. The results of the braking test performance on snow, hydroplaning, and wet surfaces showed internal and external noise generated by cars can be reduced by 1 dB (decibel) and 3 dB (decibel), respectively.
Nexen Tire’s renewal of its Manchester City partnership for a third term sees the tyre manufacturer aim to “further boost co-branding opportunities, media and marketing partnerships, and much more for both parties”. The new deal means Nexen Tire logo will continue to appear on the left sleeve of playing shirts and expand this position to all available City teams and competitions. This will include both men’s and women’s playing kit, men’s training kits, the Elite Development Squad (EDS) and eSports players. Nexen Tire has been supporting Manchester City since 2015 and became the first official sleeve partner in 2017, the first announcement of its kind in the Premier League.
Much has changed at Nexen Tire of late, a phenomenon particularly noticeable within the South Korean tyre maker’s European operation. In the past two years, the company has set up a new production facility in the Czech Republic and a European headquarters in Germany as part of its ‘Global Nexen’ strategy. This expansion is occurring parallel to similar growth in Korea and the USA.
Tyre manufacture at Nexen Tire’s Changnyeong plant in South Korea resumed yesterday after a two-day break in production in order to implement “protective measures” against coronavirus. In disclosures submitted to the Korea Exchange (KRX), the tyre maker reported its intention to suspend tyre production in Changnyeong on 1 and 2 March, and resume operations on 3 March.
Michael Haupt, formerly a tyre development specialist at Porsche, has been appointed head of the ‘Premium OE’ business sector at the recently-opened Nexen Central Research Institute (Nexen univerCITY). In his new position, Haupt will be responsible for creating premium tyres for OEM customers.
Nexen Tire has extended its sponsorship deal with German football club Eintracht Frankfurt through to the 2021/22 season. With the newly extended contract, Nexen Tire enjoy visibility at the Bundesliga club’s home stadium including in broadcast feeds, perimeter boards and commercials.
An official opening ceremony is being held today for Nexen Tire’s new tyre factory in Žatec, Czech Republic. Numerous dignitaries have attended the event, including Petr Očko, the country’s Deputy Minister of Industry and Trade, Travis Kang, Nexen Tire’s global chief executive officer, and Byung-Joong Kang, the company’s chairman.
Last season’s engagement with ‘domestic treble’ winner Manchester City F.C. gave Nexen Tire abundant exposure. The tyre maker returns again in 2019/20 as an Official Partner, its fifth season with the club and its third as Sleeve Partner. The current season got underway with a 5-0 win against West Ham last Saturday.
Following on from the two tyres launched last year, the N’Fera Sport and Winguard Sport 2 SUV, Nexen Tire has introduced further additions to its portfolio. The company presented the new pair, the Nexen N’Fera Primus and Nexen Roadian AT 4×4, at the Autopromotec show in Bologna this month.
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