Nexteer Automotive Group (1316) Q3 2025 earnings summary

Executive summary

• Secured a major REPS win for a PHEV truck/SUV program in North America and continued NEV bookings with multiple China OEMs in Q3.

• Launched 14 new programs in Q3, including 8 EV programs, all in APAC, with key launches for Li Auto, Geely, Zeekr, BYD, SGMW, Chery, Audi, and Ford.

• Introduced the Direct Drive Hand Wheel Actuator (DD-HWA), a breakthrough in motion-by-wire innovation, offering flexible steering interface placement and enhanced safety.

Financial highlights

• Year-to-date bookings reached $2.2B, with Q3 contributing $1.5B and Q4 expected to add further wins, reaffirming full-year guidance.

• Bookings composition: 30% North America, 49% Asia Pacific, 20% EMEASA; 50% new/conquest and 50% incumbent business.

• EV exposure accounted for 33% of bookings, with non-EV at 67%.

Outlook and guidance

• Full-year guidance reaffirmed, with strong Q4 booking wins anticipated.

• Global OEM production volumes forecasted to be 2% higher in 2025 compared to 2024.

• APAC revenue growth expected from manufacturing expansion and optimization in China.

• Ongoing restructuring in North America aimed at margin improvement.