Nexen Tire Corporation Overview
Pro stress-test →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
Pro stress-test →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
Pro stress-test →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