- Business
- Nexteer Automotive Group Limited develops, manufactures and supplies advanced steering and driveline systems, as well as software solutions, to original equipment manufacturers worldwide; its core products include electric power steering systems such as rack-assist, dual pinion-assist, single pinion-assist, column-assist and modular power packs; steer-by-wire systems encompassing road wheel actuators, handwheel actuators, rear wheel steering and automated steering actuators; steering columns and intermediate shafts featuring manual and power adjustable columns, rake and telescope columns, stowable columns and transmission control shifters; driveline systems comprising front-wheel and rear-wheel drive halfshafts and intermediate driveshafts; hydraulic power steering products including rack and pinion steering, recirculating ball gears and smart flow pumps; and electro-mechanical braking solutions, alongside software for vehicle integration and megatrend alignment in electrification, connectivity, ADAS and automated driving. The company operates 26 manufacturing plants, five technical centers and 13 customer service centers across North America, Europe, Asia Pacific, Mexico, India and other regions, serving over 60 customers including BMW, Ford, GM, Stellantis, Toyota, Volkswagen, BYD, Chery, Geely and Xpeng. Founded in 1906 with roots in Saginaw, Michigan, and headquartered in Auburn Hills, Michigan, Nexteer functions as a subsidiary of Nexteer Automotive (Hong Kong) Holdings Limited and trades under ticker NTXVF. In recent developments, Nexteer signs a September 2025 memorandum of understanding with Suzhou Industrial Park authorities for a new 10-hectare smart manufacturing project in Suzhou, China, to build a 70,000 square meter facility advancing intelligent and green production for electric power steering and steer-by-wire technologies while relocating from its current leased site; the company opens a smart manufacturing and testing facility in Changshu, China, in January 2025 and breaks ground on a new facility in Liuzhou, China, in July 2025 for enhanced OEM support; it expands its Mexico Technical Center in Queretaro for Q4 2025 completion and transforms its Saginaw, Michigan, site through consolidation and modernization; additionally, Nexteer launches 77 customer programs in 2024, including 45 on electric vehicle platforms, achieving record revenue of US$4.3 billion.