{"id":30045,"date":"2025-08-13T19:57:23","date_gmt":"2025-08-13T19:57:23","guid":{"rendered":"https:\/\/www.hotelsalepage.com\/feed\/cision-pr-newswire\/nexteer-reports-strong-first-half-2025-results\/"},"modified":"2025-08-13T19:57:23","modified_gmt":"2025-08-13T19:57:23","slug":"nexteer-reports-strong-first-half-2025-results","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=30045","title":{"rendered":"Nexteer Reports Strong First-Half 2025 Results"},"content":{"rendered":"\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Driven by Growth with China OEMs, Technology Leadership & Strategic Expansion \u00a0<\/i><\/b><\/p>\n

AUBURN HILLS, Mich.<\/span><\/span>, Aug. 13, 2025<\/span><\/span> \/PRNewswire\/ — Nexteer Automotive (HK 1316) today announced its first-half 2025 results, highlighting above-market revenue growth, strategic customer wins and strategic expansion of its global footprint and technology portfolio. Revenue for the period was $2.2 billion<\/span>, up 7% compared with the first half of 2024. Nexteer continued growth momentum with China<\/span> domestic OEMs (COEMs), with approximately US$0.6 billion<\/span>, or 39%, of bookings generated by our COEMs’ business. Total bookings for 1H 2025\u00a0were US$1.5 billion<\/span>.<\/p>\n

\n<\/div>\n

“Nexteer continues to outperform the market by delivering innovation, securing strategic programs and investing in operational excellence, even amid ongoing volatility in global vehicle production,” said Robin Milavec<\/span><\/b>, President, Chief Technology Officer (CTO), Chief Strategy Officer (CSO), and Executive Board Director, Nexteer Automotive. “We remain confident in our ability to sustain momentum and deliver long-term value for our customers and stakeholders.”<\/p>\n

First Half 2025 Financial Results<\/b><\/p>\n

In the first half of 2025, Nexteer delivered strong financial performance with revenue of US$2.2 billion<\/span>, representing a 7% year-over-year increase, outpacing the market by 450 basis points. Adjusted EBITDA for the first six months of 2025 was US$230.4 million<\/span>, an increase of US$33.1 million<\/span> or 16.8% compared to the same period in 2024. The improved profitability was driven by higher volumes, enhanced efficiency and performance. Free cash flow improved to $36.7 million<\/span> in the first half of 2025, compared with an outflow of $6.6 million<\/span> in the same period last year. This improvement was driven by higher earnings and reduced capital expenditure, partially offset by increased working capital investment.<\/p>\n

Program<\/b> Launch & Bookings Highlights <\/b><\/p>\n

The company launched 31 new customer programs, including its first dual-pinion electric power steering (DPEPS) program in China<\/span> and first modular column-assist electric power steering (mCEPS) launch in Europe<\/span>. Of these, 23 were new or conquest programs and 21 supported fully electric vehicle platforms \u2013 further demonstrating alignment with mobility megatrends and Nexteer’s ability to tailor scalable solutions for EV and ICE applications.<\/p>\n

Nexteer secured $1.5 billion<\/span> in new customer program bookings during the first half. Of those, 74% represented new or conquest business and 39% were tied to fully electric vehicle platforms. EPS programs accounted for 69% of bookings, complemented by additional growth in driveline and rear-wheel steering. Bookings with China<\/span> domestic OEMs totaled $599 million<\/span>, reinforcing Nexteer’s strong position in China<\/span> with local OEMS.<\/p>\n

Technical Leadership Through New Product Launches<\/b><\/p>\n

Nexteer introduced several advanced technologies that further expand its motion control portfolio:<\/p>\n