Nexteer Automotive Group Ltd

Nexteer Automotive reported record first-half 2026 revenue of US$2.3 billion, a 4% increase from the prior year. Adjusted EBITDA rose to US$263 million, with the EBITDA margin expanding by 100 basis points to 11.3%. Net profit attributable to equity holders grew 35% to US$86 million, while free cash flow nearly tripled to US$109 million. The company secured US$3.3 billion in new customer program bookings, with 43% representing new or conquest business and approximately US$1.0 billion coming from China domestic OEMs. Nexteer launched 28 new customer programs, including its first two Steer-by-Wire production launches and its first High-Output Column EPS launch in China.