Nexen Tire Europe is raising the prices of “all of the company’s brands in the replacement market”. The price increase is due to “the Ukraine-Russia conflict” and specifically “raw material prices such as carbon black, oil costs and freight and logistics costs”, which have all risen sharply, according to a Nexen statement issued today (13 April 2022).
This year is Nexen Tire’s 80th anniversary, and the Korean tyre maker has unveiled a commemorative logo. According to the tyre maker, this new design incorporates its “legacy and history” and symbolises the “importance of the company’s long-term commitment to its consumers.”
Red Dot isn’t announcing its Product Design 2022 winners until 20 June, but Nexen Tire have let us in on the secret that two of its products are awardees. The Nexen N’Blue 4 Season 2 and N’Blue 4 Season Van are winners in the Product Design category this year.
Professors from two South Korean universities have collaborated with Nexen Tire to develop a technology that utilises artificial intelligence (AI) technology to predict tyre performance. The resulting application employs machine learning technology during the tyre concept design stage to more quickly and precisely anticipate real-world properties such as fuel efficiency, noise and handling characteristics.
Nexen Tire is an original equipment supplier to the VW Golf in the UK and Europe, and in other markets it is also supplying a Volkswagen model no longer sold here. The facelifted version of the seventh-generation VW Jetta will come with Nexen tyres as original equipment. Nexen Tire shares that it will supply its Nexen N’Fera AU7 all-season performance tyre as original equipment for the VW saloon.
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.
Nexen Tire is raising prices across its entire product range, effective 1 February 2022. According to the company, “rising raw material prices as well as freight and logistics costs” are behind the price hike. No details of the percentage increase have yet been released.
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.
Stevenage Starlets’ under 14 team were recently presented with a new football kit by Harry Redknapp after winning a Nexen Tyre UK competition. Unbeknownst to them not only did they win Nexen-branded sportswear, well-known football manager, sporting pundit and King of the Jungle 2018 was also on-hand to make the presentation and help kick off the game with a pre-match team talk.
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.
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.