Nexteer Automotive Announces Record First‑Half 2026 Results

Nexteer Automotive (HK 1316) released its interim results for the first half of 2026, highlighting a record revenue of US$2.3 billion, which represents a 4% year‑over‑year increase and outpaces the broader market by 180 basis points. Adjusted EBITDA reached US$263 million, equal to 11.3% of revenue, and the EBITDA margin expanded by 100 basis points compared with the first half of 2025. Net profit attributable to equity holders rose 35% year‑over‑year to US$86 million, while free cash flow surged to US$109 million, nearly three times the level achieved in the comparable prior‑year period.

Customer Bookings and Market Penetration

The company secured US$3.3 billion in new customer program bookings during the period, with 43% of this total stemming from new or conquest business. Bookings from China domestic OEMs (COEMs) amounted to approximately US$1.0 billion, representing 30% of total bookings and underscoring Nexteer’s strong position in the Chinese market.

Product Launches and Technology Milestones

Nexteer launched 28 new customer programs across various product lines and vehicle segments, of which 26 were tied to new or conquest business. Key milestones included:

  • The first two Steer‑by‑Wire production launches in China and Mexico.
  • The inaugural High‑Output Column EPS launch in China.
  • Seventeen launches supporting fully electric vehicle (EV) platforms, demonstrating portfolio scalability across EV, ICE, and mixed‑propulsion applications.
  • The first Rack‑Assist EPS win in Europe, along with additional Steer‑by‑Wire and Column EPS wins with Chinese OEMs.

Technical and Innovation Leadership

Nexteer continued to advance its by‑wire chassis control suite, encompassing software, steering, braking, and driveline technologies aimed at electrification, automation, and enhanced vehicle dynamics. Notable innovations included:

  • Advancement of Electro‑Mechanical Braking (EMB) toward market readiness, expanding the full‑stack motion‑control portfolio.
  • Recognition as a 2026 Automotive News PACE Pilot Award Finalist for its High Mount Direct Drive Steer‑by‑Wire Handwheel Actuator (HMDD), highlighting potential for greater vehicle design freedom and next‑generation driver experiences.
  • Acceleration of enterprise‑wide AI and digital transformation initiatives, improving efficiency, speed, scalability, and organizational agility through advanced automation, digital manufacturing technologies, manufacturing intelligence, and AI‑enabled analytics.

Operational Strength and Global Footprint

The company reinforced its manufacturing and technical footprint to meet growing demand:

  • Opened a new manufacturing facility in Rayong, Thailand in March, which began mass production of its first CEPS program in May.
  • Expanded the Changshu test track in China, enabling higher‑speed vehicle testing and advanced dynamic evaluations for EPS, Steer‑by‑Wire, and EMB systems.
  • Continued focus on global supply‑chain optimization, inventory management, and disciplined operational execution to support margin improvement and long‑term resilience.

Executive Commentary

"We are focused on strengthening Nexteer's business for the long term by aligning our technology investments, customer growth opportunities and operational initiatives with the future of mobility," said Robin Milavec, President, Global Chief Operating Officer and Executive Board Director. "Our first‑half 2026 results reflect the strength of our strategy, the dedication of our global team and our ability to help OEMs move faster, operate more efficiently and compete with confidence."

Forward‑Looking Statements

The release contains forward‑looking statements based on current plans, estimates and projections, which involve risks and uncertainties. Actual results may differ materially from those expressed or implied.

About Nexteer Automotive

Nexteer Automotive is a global leader in motion‑control technology, offering a portfolio that includes electric and hydraulic power steering, steer‑by‑wire, rear‑wheel steering, steering columns, intermediate shafts, driveline systems, software solutions, and brake‑by‑wire. The company serves major OEMs worldwide, including BMW, Ford, GM, Stellantis, Toyota, VW, as well as Indian and Chinese manufacturers such as BYD, Xiaomi, ChangAn, Li Auto, Chery, Great Wall, Geely, Xpeng, among others.

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