Nexteer Automotive Group Limited

HKSE 1316.HK

Nexteer Automotive Group Limited Revenue for the year ending December 31, 2023: USD 4.21 B

Nexteer Automotive Group Limited Revenue is USD 4.21 B for the year ending December 31, 2023, a 9.56% change year over year. Revenue is the total amount of money generated from the sales of goods or services by a company during a specific period.
  • Nexteer Automotive Group Limited Revenue for the year ending December 31, 2022 was USD 3.84 B, a 14.32% change year over year.
  • Nexteer Automotive Group Limited Revenue for the year ending December 31, 2021 was USD 3.36 B, a 10.77% change year over year.
  • Nexteer Automotive Group Limited Revenue for the year ending December 31, 2020 was USD 3.03 B, a -15.20% change year over year.
  • Nexteer Automotive Group Limited Revenue for the year ending December 31, 2019 was USD 3.58 B, a -8.60% change year over year.
Key data
Date Revenue Gross Profit Operating Income EBIT
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HKSE: 1316.HK

Nexteer Automotive Group Limited

CEO Mr. Zili Lei
IPO Date Oct. 7, 2013
Location Hong Kong
Headquarters 1272 Doris Road
Employees 13,000
Sector Consumer Discretionary
Industries
Description

Nexteer Automotive Group Limited, an investment holding company, designs, develops, manufactures, and distributes steering and driveline systems and components for automobile manufacturers and other automotive-related companies. It offers electric power steering (EPS) products, such as column, pinion, and rack assist, as well as dual pinion EPS; EPS remanufacturing products, intermediate shafts, and modular power packs; and hydraulic power steering products, such as magnetic torque overlay, smart flow pumps, power steering pumps and reservoirs, rack and pinion steering gears, and recirculating ball steering gears, as well as aftermarket products. The company also provides steering columns, including power tilts and telescopes, power rakes and telescopes, one-touch adjustable columns, manual rakes and telescopes, non-adjustable columns, intermediate shafts, transmission shifters, and stowable steering column, as well as electronics, modules, and sub-assemblies. In addition, it offers driveline products comprising front and rear wheel half shafts, intermediate drive shafts, and propeller shaft constant velocity joints. Further, the company provides advanced driver assistance systems and automated driving technologies, which include steer by wire, steering on demand system, quiet wheel steering, magnetic torque overlay, and high availability EPS for resilient operational availability, as well as offers customer support and engineering center services. It operates in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. The company was founded in 1906 and is headquartered in Auburn Hills, Michigan. Nexteer Automotive Group Limited is a subsidiary of Nexteer Automotive (Hong Kong) Holdings Limited.

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StockViz Staff

January 15, 2025

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