Latest news with #MotionIQ™
The Wire
2 days ago
- Automotive
- The Wire
Nexteer Reports Strong First-Half 2025 Results
Driven by Growth with China OEMs, Technology Leadership & Strategic Expansion AUBURN HILLS, Mich., Aug. 13, 2025 /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, up 7% compared with the first half of 2024. Nexteer continued growth momentum with China domestic OEMs (COEMs), with approximately US$0.6 billion, or 39%, of bookings generated by our COEMs' business. Total bookings for 1H 2025 were US$1.5 billion. "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, 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." First Half 2025 Financial Results In the first half of 2025, Nexteer delivered strong financial performance with revenue of US$2.2 billion, 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, an increase of US$33.1 million 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 in the first half of 2025, compared with an outflow of $6.6 million in the same period last year. This improvement was driven by higher earnings and reduced capital expenditure, partially offset by increased working capital investment. Program Launch & Bookings Highlights The company launched 31 new customer programs, including its first dual-pinion electric power steering (DPEPS) program in China and first modular column-assist electric power steering (mCEPS) launch in Europe. Of these, 23 were new or conquest programs and 21 supported fully electric vehicle platforms – further demonstrating alignment with mobility megatrends and Nexteer's ability to tailor scalable solutions for EV and ICE applications. Nexteer secured $1.5 billion 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 domestic OEMs totaled $599 million, reinforcing Nexteer's strong position in China with local OEMS. Technical Leadership Through New Product Launches Nexteer introduced several advanced technologies that further expand its motion control portfolio: • MotionIQ™ Software: Engineered on proven algorithms deployed in over 115 million vehicles worldwide, MotionIQ™ streamlines by-wire chassis control, development and vehicle health-monitoring workflows into a single suite, helping OEMs get to market faster while enhancing quality and cost efficiencies. • Brake-by-Wire System: Nexteer debuted its first electro-mechanical braking (EMB) system, a modular, software-driven solution designed to enhance safety, control and energy efficiency. • Rear-Wheel Steering: Nexteer's new system improves low-speed handling and high-speed control for longer-wheelbase vehicles. Production contracts are secured with leading OEMs in China and Europe, Middle East, Africa and South America (EMEASA). • High-Output CEPS: Supports larger vehicles by delivering up to 110 Nm of steering assist, expanding platform flexibility and cost efficiency for OEMs. • Driveline innovation: Nexteer launched new technologies including the Face Spline Axle, 8-Ball Joint and Premium Double Offset Joint – each designed to improve NVH, reduce weight and enhance durability in electric and mixed-propulsion vehicles. Footprint Expansion for Continued Growth Nexteer also advanced several global footprint initiatives to support growing customer demand and operational efficiency: • Opened a new manufacturing and testing facility in Changshu, China, in January. The facility supports Nexteer's leadership position in China and aligns with the country's New Quality Productive Forces initiative focused on high-end, intelligent manufacturing. • Broke ground on a new smart manufacturing facility in Liuzhou, China, to expand production capacity and strengthen support for domestic and global OEMs. • Continued transformation of the Saginaw, Michigan, site, including plant consolidation, real estate optimization and modernization of operations to reduce costs and support future growth. "Our strong first-half performance reflects Nexteer's unwavering focus on delivering value through innovation, customer-driven solutions and operational excellence," said Milavec. "Our new program launches, footprint investments, and technology advancements position Nexteer to meet evolving customer needs while strengthening our competitive edge across global markets." For more information, visit FORWARD-LOOKING STATEMENTS Any forward-looking statements and opinions contained within this press release are based on current plans, estimates and projections, and therefore involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements and opinions. Nexteer Automotive and its directors and employees assume (a) no obligation to correct or update the forward-looking statements or opinions contained in this press release; and (b) no liability in the event that any of the forward-looking statements or opinions do not materialize or turn out to be incorrect. ABOUT NEXTEER AUTOMOTIVE Nexteer Automotive (HK 1316) is a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our innovative portfolio supports by-wire chassis control, including electric and hydraulic power steering systems, steer-by-wire and rear-wheel steering systems, steering columns and intermediate shafts, driveline systems, software solutions and brake-by-wire. The company solves motion control challenges across all megatrends – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for global and domestic OEMs around the world including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China including BYD, Xiaomi, ChangAn, Li Auto, Chery, Great Wall, Geely, Xpeng and others. Link to Nexteer Media Center This is an auto-published feed from PTI with no editorial input from The Wire.
The Wire
3 days ago
- Automotive
- The Wire
Nexteer Unveils Its MotionIQ™ Software Suite for Intelligent Motion Control
• Accelerates Development; Enhances Quality, Safety, Performance & Cost Efficiency • Leverages Nexteer's Chassis Domain Knowledge & By-Wire Technology Portfolio AUBURN HILLS, Mich., Aug. 11, 2025 /PRNewswire/ -- Nexteer Automotive today unveiled its MotionIQ™ software suite for intelligent motion control. Engineered on proven algorithms deployed in over 115 million vehicles globally, MotionIQ streamlines by-wire chassis control, development and vehicle health-monitoring workflows into a single suite, helping OEMs get to market faster while enhancing quality and cost efficiencies. Driving the Future of Intelligent Motion Control Nexteer's new software suite comprises three product groups, MotionIQ/Control™, MotionIQ/Dev™ and MotionIQ/Health™, that seamlessly work together to deliver precise motion control, accelerated chassis development and advanced predictive maintenance. They include: • MotionIQ/Control™: Advanced vehicle dynamics functions including Steer-by-Brake, Hands-Off Detection, Quiet Wheel™ Steering, Road Surface Detection and other functions for superior driving experiences. Many of these advanced, award-winning software solutions are already deployed in vehicles on the road through Nexteer's Electric Power Steering (EPS) and Steer-by-Wire (SbW) programs. • MotionIQ/Dev™: Advanced software development tools, backed by Nexteer's systems integration and software expertise, accelerate feature development from days to minutes through automated coding and integration. By combining these advanced tools, proven systems integration expertise and flexible development approaches, Nexteer empowers OEMs to safely design their own in-house steering control algorithms and seamlessly integrate new features - all within a no-code, model-based environment. This reduces costs, shortens production lead time and minimizes error-prone manual coding. • MotionIQ/Health™: Leverages prognostic software and AI-powered virtual sensors to continuously monitor the electrical and mechanical functionality of steering and other chassis components as well as tires. This enhances customer satisfaction by proactively predicting issues before they occur - minimizing costly fleet downtime, enabling convenient maintenance scheduling and significantly reducing diagnostic time, errors and expenses. MotionIQ/Health™ also offers valuable insights into product quality and development, helping to reduce costs for OEMs and suppliers by using anonymized data from actual lifecycle conditions. "In today's hyper-competitive automotive industry, OEMs are in a global race to bring high-quality, software-defined vehicles to market faster while also reducing development costs. To achieve this, suppliers must be more than partners; we must become force multipliers," said Robin Milavec, President, Chief Technology Officer, Chief Strategy Officer and Executive Board Director, Nexteer Automotive. "Nexteer's MotionIQ software answers this call by unifying chassis motion control, development and health-monitoring into a single suite, helping OEMs slash development cycles, drive down costs and embed the latest by-wire technologies. With MotionIQ, Nexteer is not only delivering smarter software; we're transforming the way chassis systems are engineered and integrated at scale." Virtual Simulation Reduces Cost & Development Time Nexteer also offers comprehensive testing and validation capabilities, including platforms like Hardware-in-the-Loop (HiL) and Virtual ECUs (V-ECUs) for active system simulation. Nexteer's level three and four V-ECU enables system-level verification early in the development cycle. This allows OEMs to begin software testing before physical hardware is available and identify issues earlier to prevent costly mistakes later in development. Engineering Collaboration for Accelerated Development & Integration Partners with specialized expertise and global insights, like Nexteer, are essential in helping OEMs rapidly design, develop, test and seamlessly integrate cutting-edge software solutions into vehicles, driving both innovation and efficiency. Nexteer's team of engineers acts as an extension of its customer's teams, championing agile software development to ensure efficient delivery, rapid prototyping and flexible products. Nexteer's software development process has been certified ASIL (Automotive Safety Integrity Level) D compliant with the ISO 26262 Functional Safety Standard and successfully assessed for ASPICE compliance. Strategic Partner to Support SDV Transition As OEMs adopt more centralized E/E architectures to support their software-defined vehicle (SDV) platforms, they are increasingly bringing software development in-house - including functions embedded in vehicle subsystems and core to their brands. Nexteer has numerous EPS and SbW production programs in development with global OEMs to deliver decoupled steering software. This approach empowers OEM ownership of unique steering functions and accelerates speed-to-market for their SDVs. By working together in a more collaborative way, Nexteer helps drive engineering efficiencies for its customers by maintaining common software systems across vehicle platforms, enabling easier technology integration and updates, while also providing flexibility to support brand diversification needs. For MotionIQ™ product or sales inquiries, you can contact a Nexteer representative at SoftwareSales@ To learn more, please visit About Nexteer Automotive Nexteer Automotive (HK 1316) is a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our innovative portfolio supports by-wire chassis control, including electric and hydraulic power steering systems, steer-by-wire and rear-wheel steering systems, steering columns and intermediate shafts, driveline systems, software solutions and brake-by-wire. The company solves motion control challenges across all megatrends – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for global and domestic OEMs around the world including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China including BYD, Xiaomi, ChangAn, Li Auto, Chery, Great Wall, Geely, Xpeng and others. Link to Nexteer Media Center & MotionIQ Press Kit Logo - (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI This is an auto-published feed from PTI with no editorial input from The Wire. This article went live on August twelfth, two thousand twenty five, at twenty-six minutes past five in the evening.
Korea Herald
3 days ago
- Automotive
- Korea Herald
Nexteer Unveils Its MotionIQ™ Software Suite for Intelligent Motion Control
AUBURN HILLS, Mich., Aug. 11, 2025 /PRNewswire/ -- Nexteer Automotive today unveiled its MotionIQ™ software suite for intelligent motion control. Engineered on proven algorithms deployed in over 115 million vehicles globally, MotionIQ streamlines by-wire chassis control, development and vehicle health-monitoring workflows into a single suite, helping OEMs get to market faster while enhancing quality and cost efficiencies. Driving the Future of Intelligent Motion Control Nexteer's new software suite comprises three product groups, MotionIQ/Control™, MotionIQ/Dev™ and MotionIQ/Health™, that seamlessly work together to deliver precise motion control, accelerated chassis development and advanced predictive maintenance. They include: "In today's hyper-competitive automotive industry, OEMs are in a global race to bring high-quality, software-defined vehicles to market faster while also reducing development costs. To achieve this, suppliers must be more than partners; we must become force multipliers," said Robin Milavec, President, Chief Technology Officer, Chief Strategy Officer and Executive Board Director, Nexteer Automotive. "Nexteer's MotionIQ software answers this call by unifying chassis motion control, development and health-monitoring into a single suite, helping OEMs slash development cycles, drive down costs and embed the latest by-wire technologies. With MotionIQ, Nexteer is not only delivering smarter software; we're transforming the way chassis systems are engineered and integrated at scale." Virtual Simulation Reduces Cost & Development Time Nexteer also offers comprehensive testing and validation capabilities, including platforms like Hardware-in-the-Loop (HiL) and Virtual ECUs (V-ECUs) for active system simulation. Nexteer's level three and four V-ECU enables system-level verification early in the development cycle. This allows OEMs to begin software testing before physical hardware is available and identify issues earlier to prevent costly mistakes later in development. Engineering Collaboration for Accelerated Development & Integration Partners with specialized expertise and global insights, like Nexteer, are essential in helping OEMs rapidly design, develop, test and seamlessly integrate cutting-edge software solutions into vehicles, driving both innovation and efficiency. Nexteer's team of engineers acts as an extension of its customer's teams, championing agile software development to ensure efficient delivery, rapid prototyping and flexible products. Nexteer's software development process has been certified ASIL (Automotive Safety Integrity Level) D compliant with the ISO 26262 Functional Safety Standard and successfully assessed for ASPICE compliance. Strategic Partner to Support SDV Transition As OEMs adopt more centralized E/E architectures to support their software-defined vehicle (SDV) platforms, they are increasingly bringing software development in-house - including functions embedded in vehicle subsystems and core to their brands. Nexteer has numerous EPS and SbW production programs in development with global OEMs to deliver decoupled steering software. This approach empowers OEM ownership of unique steering functions and accelerates speed-to-market for their SDVs. By working together in a more collaborative way, Nexteer helps drive engineering efficiencies for its customers by maintaining common software systems across vehicle platforms, enabling easier technology integration and updates, while also providing flexibility to support brand diversification needs. For MotionIQ™ product or sales inquiries, you can contact a Nexteer representative at SoftwareSales@ To learn more, please visit About Nexteer Automotive Nexteer Automotive (HK 1316) is a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our innovative portfolio supports by-wire chassis control, including electric and hydraulic power steering systems, steer-by-wire and rear-wheel steering systems, steering columns and intermediate shafts, driveline systems, software solutions and brake-by-wire. The company solves motion control challenges across all megatrends – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for global and domestic OEMs around the world including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China including BYD, Xiaomi, ChangAn, Li Auto, Chery, Great Wall, Geely, Xpeng and others.
