Nexen Tire, a leading tire manufacturer, recently announced a partnership with the American company Plug & Play, an innovation platform for investors and businesses. Plug & Play has been an early investor in companies such as Lending Club, PayPal, SoundHound and Dropbox.
According to sources close to the topic, the collaboration aims to create an infrastructure for future technology and business development. The partnership would bring new innovations to the tire and mobility industries.
Don Lee, executive director of Nexen Tire America’s technical center, is quoted as saying that Nexen Tire, in partnership with Plug & Play, is better positioned to bring innovations in the field of tire technology
This collaboration would apparently allow Nexen Tire to forge partnerships with leading technologies in the tire and mobility industries. This would help the company realize its open research and development philosophy of providing partnerships and collaboration, particularly to companies in the tire technology sector.
Who is Nexen Tires
Founded in 1942 as Heung-A Tire Company, Nexen Tire Co. has been a member of the tire industry for 77 years. It was recognized in 1956 as the first Korean tire company.
The company changed the name of the company in 2000 from Woosung Tire to Nexen Tire Corporation. The name Nexen is a combination of two words looking to the future: next century. It demonstrates Nexen’s commitment and determination to prepare for the future and build a better tomorrow.
In 2005, the North American division was established. In the same year, Nexen Tire was granted a patent for the nano-composite rubber / silicate laminate tire manufacturing technology.
Since then, Nexen has been offering performance tires and winter tires throughout North America.