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Nexen Tire Corporation: Business Overview, Financials & Competitive Analysis

Nexen Tire Corporation scores 7/10 on the AskCyborg Cyborg Score (Strong). Strategic EV tire transition and OEM partnerships position Nexen as a competitive growth player in the global tire industry despite market headwinds. Nexen achieved $2.1 billion in sales and $117 million in operating profit in 2025. Strong OEM relationships with Stellantis and Kia highlight growing presence in the original.

What is Nexen Tire Corporation's industry? Nexen Tire Corporation (nexentire.com) operates in Automotive Tires & Rubber. AskCyborg classifies Nexen Tire Corporation under Automotive Tires & Rubber in its company registry.

Nexen Tire Corp is a Korea-based company mainly engaged in the production and sale of tires including passenger car radial (PCR) tires, light truck radial (LTR) tires and sport utility vehicle (SUV) tires. The company...

7/ 10Strong

Cyborg Score thesis

Strategic EV tire transition and OEM partnerships position Nexen as a competitive growth player in the global tire industry...

Read the full analyst-debate transcript →
Industry Automotive Tires & Rubber
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: October 19, 2026
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What's in This Report
Nexen Tire Corporation OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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Nexen Tire Corporation Overview

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Nexen Tire Corp is a Korea-based company mainly engaged in the production and sale of tires including passenger car radial (PCR) tires, light truck radial (LTR) tires and sport utility vehicle (SUV) tires. The company is recognized as one of the fastest-growing tire manufacturers in the world. The Seoul-based company achieved $2.1 billion in sales during 2025.

Strategic Profile

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Nexen Tire's partnership with Stellantis and supply agreement with Kia highlight its growing presence in the original equipment market, with business opportunities existing in expanding OEM collaborations, especially in electric and SUV segments. The company aims to increase its OE EV tire ratio from 8% to 30% by 2027. With four production facilities across Korea, China, and Europe, and a global R&D network spanning the U.S., China, and Germany, Nexen has established a robust manufacturing and innovation infrastructure.

Competitive Landscape

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Kumho Tire, JK Tyre & Industries, The Goodyear Tire & Rubber, Denso, and Sumitomo Rubber Industries are competitors. Nexen competes on product innovation, OEM partnerships, and geographic expansion, particularly leveraging its growing EV tire portfolio and strong presence in emerging markets.

Industry Context

Nexen Tire Corporation operates in Automotive Tires & Rubber.

Key facts

Founded: 1942 · Headquarters: Seoul, South Korea · Employees: 585 · Revenue: $2.1B · Market cap: $417M

What the AI analysts debated

AI-generated and not independently verified: selected findings from the multi-agent debate on Nexen Tire Corporation.

  • European plant expansion in second phase reflects efforts to expand sales with increasing business uncertainty due to U.S. tariffs
  • Market share in Korean domestic tire market increased from 8% historically to over 20% as of today
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Recent developments

Material events tracked by the AskCyborg corpus.

  • February 2026Nexen announced 2025 financial results with $2.1 billion in sales and $117 million operating profit
  • August 2025Launched Roadian ATX SUV and pickup truck tire in Australian market
  • +1 moreTrack every material event for Nexen Tire Corporation as it happens. Explore monitoring →
Get alerted when Nexen Tire Corporation has a new material development →

Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Kumho TireSouth Korean tire manufacturer→Goodyear Tire & RubberGlobal tire manufacturer→Sumitomo Rubber IndustriesJapanese tire manufacturer→

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Industry context

Nexen Tire Corporation operates in Automotive Tires & Rubber. See how the rest of the sector scores on the Cyborg framework.

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How AskCyborg research is made

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Sources: public filings, regulatory data, and news flow, analysed by AI models. Read the methodology →

AI-generated research summary based on public sources; it may contain errors or omissions. Not investment advice. Not reviewed or endorsed by the companies covered. Report an error: legal@askcyborg.com · Terms of Service

Frequently asked questions

What does Nexen Tire Corporation do?+
Nexen Tire Corp is a Korea-based company mainly engaged in the production and sale of tires including passenger car radial (PCR) tires, light truck radial (LTR) tires and sport utility vehicle (SUV) tires. The company...
What is Nexen Tire Corporation's Cyborg Score?+
Nexen Tire Corporation has a Cyborg Score of 7/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Nexen Tire Corporation's main competitors?+
Named competitors include Kumho Tire, Goodyear Tire & Rubber, Sumitomo Rubber Industries. The full competitive landscape is in the AskCyborg report.
How can I get the full Nexen Tire Corporation research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Nexen Tire Corporation research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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