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November 26, 2018

Nexen Tire announces Volkswagen Jetta OEM tyre deal

Global OEM and aftermarket supplier Nexen Tire said it would supply its N'Priz AH8 tyres as original equipment (OE) tires for Volkswagen's new Mexican built Jetta.

By Olly Wehring

Global OEM and aftermarket supplier Nexen Tire said it would supply its N’Priz AH8 tyres as original equipment (OE) tires for Volkswagen’s new Mexican built Jetta.

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Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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VW selected the 205/55R17 91H size for the redesigned Jetta, unveiled at the Detroit show earlier this year.

The Jetta, now produced mainly in Mexico’s Puebla region, is also built or assembled at the DRB Hicom Pekan plant in Malaysia, by the FAW Volkswagen JV factory in Chengdu, Sichuan, China and at the VW group plant in Nizhny Novgorod, Russia, according to just-auto‘s Production Lifecycle Database (PLDB).

VW has sold more than 17m worldwide since the ‘Golf with a boot [trunk]’ was launched in 1979 to appeal to buyers preferring sedans to hatchbacks. It is one of VW’s longest running and best selling models.      Nexen said the N’Priz AH8 is a high performing, all-season tyre, which offers optimal driving capacity in various road conditions. It features tread patterns that resembles shark fins and are designed using noise reduction simulation.

“We are excited to expand our supplies of OE tyres for… Volkswagen,” said CEO Travis Kang.

Nexen Tire also supplies OE tires to Porsche, Renault, Fiat, Skoda and Seat and plans to increase brand awareness by expanding such OEM supply worldwide.

The company, established in 1942, is based in Yangsan, South Gyeongsang Province, and in Seoul, South Korea.

It has three manufacturing plants – two in Korea (Yangsan and Changnyeong) and one in Qingdao, China.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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