Nexteer Automotive Reports 1.7% Increase in North America Revenue for First Half of 2025 Despite OEM Production Decline
Reuters
Aug 29
Nexteer Automotive Reports 1.7% Increase in North America Revenue for First Half of 2025 Despite OEM Production Decline
Nexteer Automotive Group Ltd. has released its interim results for the first half of 2025, reporting a total revenue of $2.24 billion, reflecting an increase from $2.10 billion in the same period of 2024. The North America segment saw a 1.7% rise in revenue, amounting to an increase of $19.3 million. This growth was achieved despite a 4.2% decrease in North American OEM light vehicle production during the first half of 2025 compared to the previous year. The segment's revenue was further impacted by customer price reductions related to raw material commodity inflation price decreases, which accounted for $2.7 million. Nexteer also reported significant progress in securing bookings in China, particularly in the NEV platforms, and expanded its product portfolio within the region. The company achieved its first RWS bookings in China and EMEASA, alongside securing additional DPEPS and REPS bookings. This demand for Nexteer's technology is expected to consistently drive revenue growth beyond market levels. The company's strategic alignment with megatrends and geographical diversification was highlighted as a key factor in its revenue expansion.
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