Nexteer Automotive Opens 24th Plant to Serve Global Market

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CHONGQING, China – October 26, 2016Nexteer Automotive, a global leader in intuitive motion control, held a grand opening ceremony today at its newest manufacturing plant in Chongqing’s Jiangjin District. In response to increased market demand, the facility will manufacture brush and brushless varieties of column assist electric power steering (CEPS) and intermediate shafts for Chinese and global customers.

The plant is purposefully located to efficiently serve Nexteer customers in central and western China, with products readily available to Nexteer’s array of global customers. The plant is equipped with an independent measurement lab to meet various customer needs.

“The opening of this plant represents a tangible example of Nexteer’s plan for profitable and balanced global growth.” said Mike Richardson, Nexteer president and executive board member. “As Nexteer Automotive has committed itself to better serving the Chinese automotive market, we have entered into this joint venture to better support the local manufacturing base with Nexteer’s leading technology.”

The facility, known as Chongqing Nexteer Steering System Co., Ltd., is co-funded by Nexteer Automotive and Chongqing Jianshe Industry. The 86,000 square foot facility, located in Degan Industrial Park, is scheduled to grow its workforce to 700 by 2021 as Chinese automakers continue the conversion from hydraulic power steering to advanced electric power steering.

ABOUT NEXTEER

Nexteer Automotive – A Leader in Intuitive Motion Control – is a multi-billion dollar global steering and driveline business delivering electric and hydraulic power steering systems, steering columns, driveline systems as well as advanced driver assist systems (ADAS) and autonomous technologies for original equipment manufacturers. The company’s global workforce of over 13,000 serves more than 50 customers in every major region of the world. The company has 24 manufacturing plants, five regional engineering centers and 11 customer service centers strategically located in North and South America, Europe and Asia. Nexteer Automotive’s customers include BMW, Fiat Chrysler, Ford, GM, PSA Group, Toyota and VW, as well as automakers in India and China. www.nexteer.com