Record New Program Launches
In Q1 2025, Nexteer achieved a record of 23 new program launches, including 14 for battery electric vehicle platforms and 19 as new or conquest business. This includes significant launches across all regions: 3 in North America, 5 in EMEASA, and 15 in APAC.
Strong New Business Wins
Nexteer secured $0.8 billion in bookings in Q1 and is forecasting $5 billion for the full calendar year. Notable wins include high-end products like rear-wheel steering, rack EPS, and dual opinion EPS, as well as re-securing an important column business with a North American customer.
Expansion of Motion-by-Wire Portfolio
Nexteer expanded its Motion-by-Wire chassis portfolio with innovations in Steer-by-Wire, rear-wheel steering, Brake-by-Wire, and software, demonstrating strong alignment with industry trends and demand in China.
Above-Market Revenue Growth
Nexteer is on track to deliver above-market revenue growth of 200 to 300 basis points year-over-year, driven significantly by growth with China OEMs.
Tariff Mitigation Strategies
Nexteer has effectively mitigated tariff exposure through a regional supply chain strategy and is actively negotiating with customers and suppliers to manage costs.