#United States #Auburn Hills #Nexteer Automotive #Electric Power Steering #MotionIQ Software

Nexteer Automotive Achieves Significant Growth in First Half of 2025

Nexteer Automotive has announced positive financial results for the first half of 2025, showcasing robust revenue growth, strategic client acquisitions, and advancements in technology. According to the report, the company generated a remarkable $2.2 billion in revenue during this period, reflecting a 7% increase compared to the previous year. This upward trend is significantly driven by its successful engagements with domestic manufacturers in China, which accounted for 39% of the total bookings, totaling $1.5 billion.

Robin Milavec, the President and Chief Technology Officer at Nexteer, stated, "Our continuous focus on innovation, operational excellence, and strategic customer relationships has allowed us to outperform market expectations, even amidst fluctuations in global vehicle production. Our confidence remains unwavering as we aim to deliver sustained value to our clients and stakeholders."

Financial Highlights

The first half of 2025 was marked by several financial achievements for Nexteer. The adjusted EBITDA reached $230.4 million, which represents an increase of $33.1 million, or 16.8%, from the same timeframe last year. Improved profit margins stemmed from a rise in production volumes alongside heightened operational efficiency. Additionally, the company reported a Free Cash Flow of $36.7 million, contrasting sharply with the outflow of $6.6 million recorded in the previous year.

New Product Launches and Strategic Client Engagements

During this period, Nexteer launched 31 new customer initiatives, including a pioneering dual-pinion electric power steering (DPEPS) program in China and a modular column-assist electric power steering (mCEPS) program in Europe. A significant portion of these new programs, specifically 74%, involved new or conquest business, with 39% directly associated with electric vehicle platforms. Notably, electric power steering solutions made up 69% of the new bookings.

Such efforts reinforce Nexteer’s position as a leading force in the automotive technology industry by ensuring alignment with current mobility trends and by providing customized solutions compatible with electric and internal combustion engine vehicles.

Advancements in Technology

Nexteer introduced several advanced technological solutions enhancing its motion control portfolio, such as:

• - MotionIQ™ Software: This innovative software streamlines control systems and vehicle health monitoring, enhancing quality and market readiness for original equipment manufacturers (OEMs).
• - Brake-by-Wire System: Their electro-mechanical braking system is designed to boost vehicle safety and energy efficiency.
• - Advanced Rear-Wheel Steering: This system improves vehicle handling capabilities at both low and high speeds, addressing the needs of extended wheelbase vehicles.
• - High-Output CEPS: This innovation caters to larger vehicles by delivering superior steering assistance for OEMs.

Expansion Initiatives

To meet growing customer demand and improve operational efficacy, Nexteer is committed to strategically enhancing its global presence. Notable initiatives include:

• - The establishment of a new manufacturing and testing facility in Changshu, China, which supports the company’s leadership in the region.
• - The commencement of construction on a smart manufacturing facility in Liuzhou, enhancing production capacity.
• - Ongoing improvements to their site in Saginaw, Michigan, aimed at consolidating operations and optimizing real estate for future growth.

Milavec stated, "Our remarkable performance in the first half showcases Nexteer's unyielding commitment to delivering value through innovation and customer-centric solutions. These advancements in our product offerings and strategic investments ensure we are well-positioned to meet the evolving demands of our clients and strengthen our competitive edge across international markets."

For further details, please visit Nexteer Automotive.

Forward-Looking Statements: This announcement contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the anticipated outcomes outlined in these statements, and Nexteer Automotive and its officials are not liable for any deviations that may occur.