Nexen Tire has entered into a partnership with Plug and Play, an innovation platform and startup accelerator, as a part of its effort to build an infrastructure for future technology development and new business initiation.
Through the collaboration with Plug and Play, Nexen Tire will look to develop tire and mobility technologies. It will also enable the company to realize its open R&D philosophy and explore other potential partnerships in the tire industry.
Don Lee, executive director of Nexen Tire America Technical Center, said, “Nexen Tire is pleased to announce the partnership with Plug and Play, one of the world’s leading accelerators. We hope to utilize this opportunity to build a stronger global presence in terms of technology and the business, and transform into an innovative corporation while also contributing to the startup ecosystem as a whole.”
Sobhan Khani, vice president, mobility and IoT at Plug and Play, commented, “We are delighted to have another global corporation join our platform. We hope this partnership will serve as an opportunity for both Nexen Tire and Plug and Play in nurturing an innovative business ecosystem for the automobile industry.”
Plug and Play was an early investor in some of Silicon Valley’s most renowned firms including PayPal, Lending Club, Dropbox and SoundHound.