Driven by Growth with China OEMs, Technology Leadership & Strategic Expansion  

AUBURN HILLS, Mich., Aug. 13, 2025 /PRNewswire/ — Nexteer Automotive (HK 1316) today announced its first-half 2025 results, highlighting above-market revenue growth, strategic customer wins and strategic expansion of its global footprint and technology portfolio. Revenue for the period was $2.2 billion, up 7% compared with the first half of 2024. Nexteer continued growth momentum with China domestic OEMs (COEMs), with approximately US$0.6 billion, or 39%, of bookings generated by our COEMs’ business. Total bookings for 1H 2025 were US$1.5 billion.

“Nexteer continues to outperform the market by delivering innovation, securing strategic programs and investing in operational excellence, even amid ongoing volatility in global vehicle production,” said Robin Milavec, President, Chief Technology Officer (CTO), Chief Strategy Officer (CSO), and Executive Board Director, Nexteer Automotive. “We remain confident in our ability to sustain momentum and deliver long-term value for our customers and stakeholders.”

First Half 2025 Financial Results

In the first half of 2025, Nexteer delivered strong financial performance with revenue of US$2.2 billion, representing a 7% year-over-year increase, outpacing the market by 450 basis points. Adjusted EBITDA for the first six months of 2025 was US$230.4 million, an increase of US$33.1 million or 16.8% compared to the same period in 2024. The improved profitability was driven by higher volumes, enhanced efficiency and performance. Free cash flow improved to $36.7 million in the first half of 2025, compared with an outflow of $6.6 million in the same period last year. This improvement was driven by higher earnings and reduced capital expenditure, partially offset by increased working capital investment.

Program Launch & Bookings Highlights

The company launched 31 new customer programs, including its first dual-pinion electric power steering (DPEPS) program in China and first modular column-assist electric power steering (mCEPS) launch in Europe. Of these, 23 were new or conquest programs and 21 supported fully electric vehicle platforms – further demonstrating alignment with mobility megatrends and Nexteer’s ability to tailor scalable solutions for EV and ICE applications.

Nexteer secured $1.5 billion in new customer program bookings during the first half. Of those, 74% represented new or conquest business and 39% were tied to fully electric vehicle platforms. EPS programs accounted for 69% of bookings, complemented by additional growth in driveline and rear-wheel steering. Bookings with China domestic OEMs totaled $599 million, reinforcing Nexteer’s strong position in China with local OEMS.

Technical Leadership Through New Product Launches

Nexteer introduced several advanced technologies that further expand its motion control portfolio:

• MotionIQ™ Software: Engineered on proven algorithms deployed in over 115 million vehicles worldwide, MotionIQ™ streamlines by-wire chassis control, development and vehicle health-monitoring workflows into a single suite, helping OEMs get to market faster while enhancing quality and cost efficiencies.
• Brake-by-Wire System: Nexteer debuted its first electro-mechanical braking (EMB) system, a modular, software-driven solution designed to enhance safety, control and energy efficiency.
• Rear-Wheel Steering: Nexteer’s new system improves low-speed handling and high-speed control for longer-wheelbase vehicles. Production contracts are secured with leading OEMs in China and Europe, Middle East, Africa and South America (EMEASA).
• High-Output CEPS: Supports larger vehicles by delivering up to 110 Nm of steering assist, expanding platform flexibility and cost efficiency for OEMs.
• Driveline innovation: Nexteer launched new technologies including the Face Spline Axle, 8-Ball Joint and Premium Double Offset Joint – each designed to improve NVH, reduce weight and enhance durability in electric and mixed-propulsion vehicles.

Footprint Expansion for Continued Growth 

Nexteer also advanced several global footprint initiatives to support growing customer demand and operational efficiency:

• Opened a new manufacturing and testing facility in Changshu, China, in January. The facility supports Nexteer’s leadership position in China and aligns with the country’s New Quality Productive Forces initiative focused on high-end, intelligent manufacturing.
• Broke ground on a new smart manufacturing facility in Liuzhou, China, to expand production capacity and strengthen support for domestic and global OEMs.
• Continued transformation of the Saginaw, Michigan, site, including plant consolidation, real estate optimization and modernization of operations to reduce costs and support future growth.

“Our strong first-half performance reflects Nexteer’s unwavering focus on delivering value through innovation, customer-driven solutions and operational excellence,” said Milavec. “Our new program launches, footprint investments, and technology advancements position Nexteer to meet evolving customer needs while strengthening our competitive edge across global markets.”

For more information, visit www.nexteer.com.

FORWARD-LOOKING STATEMENTS
Any forward-looking statements and opinions contained within this press release are based on current plans, estimates and projections, and therefore involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements and opinions. Nexteer Automotive and its directors and employees assume (a) no obligation to correct or update the forward-looking statements or opinions contained in this press release; and (b) no liability in the event that any of the forward-looking statements or opinions do not materialize or turn out to be incorrect.

ABOUT NEXTEER AUTOMOTIVE
Nexteer Automotive (HK 1316) is a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our innovative portfolio supports by-wire chassis control, including electric and hydraulic power steering systems, steer-by-wire and rear-wheel steering systems, steering columns and intermediate shafts, driveline systems, software solutions and brake-by-wire. The company solves motion control challenges across all megatrends – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for global and domestic OEMs around the world including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China including BYD, Xiaomi, ChangAn, Li Auto, Chery, Great Wall, Geely, Xpeng and others. www.nexteer.com   

Link to Nexteer Media Center 

SHANGHAI, Aug. 13, 2025 /PRNewswire/ — The 25th China International Industry Fair (CIIF 2025) is set to be held from September 23 to 27 at the National Exhibition and Convention Center in Shanghai. Serving as a platform to advance international industrial cooperation and showcase China’s leading intelligent manufacturing solutions, the 2025 tradeshow is expected to attract nearly 3,000 premium enterprises from 30 countries and regions worldwide.

Since 1999, the CIIF has played a pivotal role in showcasing the full industrial supply chain, from basic materials and key components to advanced equipment and integrated solutions. It also serves as a hub for SME transformation and consistently brings together top experts to drive industrial and scientific innovation.

“The CIIF has witnessed and been promoting the rise of China’s industrial development as well as the profound exchanges and integration within the global industrial chain, we’re committed to continuously advancing industrial innovation and open international cooperation,” said Yao Chunyu, Deputy General Manager of DEXPO Shanghai Industry & Commerce Exhibition Co., Ltd.

The 2025 fair will feature nine themed shows, a series of innovation zones, a “1+10+N” conference lineup, a “1+3+Z” award system, creating an international event that integrates technology showcases, business matchmaking, and industry exchange.

The Metalworking and CNC Machine Tool Show (MWCS) is a core international metalworking technology trade show under the CIIF umbrella celebrating the innovation in metal processing, focusing on metal-cutting, sheet metal working, metal forming & fabricating, inspecting & measuring, metal 3D printing, advanced functional parts, metallic materials, and more, highlighting exciting developments that can transform global manufacturing practices. Notable exhibitors to attend the 2025 fair include Bodor and Penta Laser.

The Industrial Automation Show (IAS), themed “Automation + Industrial AI,” will focus on smart manufacturing solutions, automation systems, and industry-specific integration. In 2025, IAS will collaborate with leading companies such as Siemens, Bosch Rexroth, Schneider Electric, Mitsubishi Electric, Omron, Panasonic, and others to unveil new smart manufacturing scenarios.

The Robotics Show (RS) will gather global robotics pioneers such as ABB, FANUC, YASKAWA, and KUKA, who will showcase cutting-edge technologies and products. Over 350 exhibitors are expected to display more than 100 new product launches and thousands of industrial devices. This year’s edition will feature a dedicated “Humanoid Robot Zone,” offering a comprehensive display of the full humanoid ecosystem—from core components to intelligent integration.

In addition, CIIF 2025 will also highlight emerging industries including new material, future transportation, AI and more:

• Energy Show (ES) that focuses on integrated Wind-Solar-Nuclear-Hydrogen-Storage systems, with notable exhibitors such as Shanghai Electric, CRRC, CNNP, CGN, ZPMC, and Delixi Electric.
• Information & Communication Technology Show (ICTS) to feature latest achievements in sectors including integrated circuits, industrial AI & software, and industrial services.
• Future Transportation Industry Show (FTIS) brings attention to innovative breakthroughs in intelligent driving, vehicle architecture upgrades, core components, new energy application scenarios, and low-altitude economy.
• Green Low-Carbon Show (GLCS) centering on industrial energy-saving in five areas of smart technologies, high-efficiency energy-saving equipment, low-carbon energy storage and applications, green manufacturing ecosystem and circular economy.
• New Material Industry Show (NMIS) to spotlight high-performance materials, green/inorganic materials, cutting-edge/future materials, bio-manufacturing, and new materials for commercial aerospace and the low-altitude economy, among other innovations.

CIIF not only drives industrial innovation and international cooperation, but also advances market-oriented transformation.

As a key platform for global industrial resources and intelligent manufacturing, CIIF 2025 invites professionals from all sectors to join and witness the future of industrial technology.

KUALA LUMPUR, Malaysia, Aug. 13, 2025 /PRNewswire/ — Comfee, Germany’s No.1 air conditioner brand, successfully launched its Gusto series in Malaysia this August. The launch was accompanied by a lively summer campaign, inviting young consumers to experience smart cooling through interactive events and social media engagements.

Comfee, a lifestyle-driven brand, targets the young generation with its sleek, intelligent air conditioning solutions. The “cooling smart with style” concept combines modern design and smart features to deliver comfort, convenience, and personal freedom. The slogan, “Comfee, How I Cool Smart” reflects the brand’s mission to offer not just functional cooling, but a stylish, enriching experience.

The launch of Comfee in Malaysia marked a key milestone in the brand’s expansion into Southeast Asia. To celebrate, the “Live Joyfully with Comfee” campaign was introduced. This campaign encouraged young consumers to embrace vibrant moments in life while showcasing their lifestyles with Comfee products. Collaborations with KOLs focused on moments of joy and freedom, generating a strong response from the younger generation across social platforms.

The marketing campaign sparked significant interaction on social media. Influencers from different fields shared their experiences with Gusto air conditioners, highlighting the product’s smart, energy-efficient features and stylish design. User feedback has been overwhelmingly positive, with many praising the intelligent controls and sleek look of the Gusto series. These feedback have reflected that the Gusto series coordinates well with the lifestyle of young consumers and gains recognition in the highly competitive Southeast Asian market.

KLGadgetTV: Comfee Gusto: The AI Power Saving Cooling Partner

Following the launch event, Comfee will roll out special promotions across major e-commerce platforms to meet consumers’ cooling needs. Looking ahead, Comfee will continue to innovate, setting new standards for home comfort and offering consumers smarter, more efficient products. Comfee remains committed to bringing stylish, smart, and comfortable lifestyle solutions to young consumers across Southeast Asia and beyond.

Comfee Official Shops:

Shopee

SAN JOSE, Calif., Aug. 13, 2025 /PRNewswire/ — Aippy, the online community for zero-threshold interactive creations, recently launched its mobile edition, making it the world’s first AI coding space available on iOS. Based on this innovative effort on the mobile end, Aippy aims to empower content creators to build, share, and explore any creative project that was previously limited on the web.

Since its beta launch this June, Aippy has stayed focused on cultivating a vibrant community where non-technical users can build what interests them by describing their ideas and requirements via simple prompts. “You’re free to build your own websites or games without writing any code here. Plus, you can even speak to generate prompts directly in the Aippy app, making the entire user experience more immersive,” says Evan, founder of Aippy.

The voice-input feature, designed to simplify the creation process and lower the technical barrier, is just one of Aippy’s highlights. According to Evan, Aippy makes the actions of “sharing” and “exploring” more meaningful by introducing the “Remix” feature, which enables users to create new projects based on the originals and share their work seamlessly on social media.

“We’re trying to carve out a playground for everyone in Aippy, and that’s why we embrace every idea on a whim and are glad to see them come to life here.” Evan reaffirmed the significance of “community”, indicating that a series of fun and engaging vibe coding campaigns to boost the atmosphere of community on Aippy will launch soon.

Amid the growing popularity of emerging vibe coding tools, Evan believes Aippy is poised to stand out due to its creative content generation and aggregation. “Under the slogan ‘Build What You Feel’, we hope ‘Aippy’ is not just a tool or a community, it can also represent an attitude of creation without code, and even more profoundly, a trend of content production that sweeps the world.” He added.

About Aippy

Aippy is the community designed to foster a vibrant space where creators can effortlessly build, share, and explore interactive projects using natural language. Founded with a vision to boost inspiring and interactive experiences beyond traditional coding, Aippy makes the entire creation process smoother and more seamless by launching its iOS app, which enables users to speak to generate prompts.

Learn more at aippy.ai.

RIO DE JANEIRO, Aug. 13, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency trading platform, is proud to announce that KuCoin Futures has launched its Global Tour, kicking off with a prominent participation in Brazil’s flagship blockchain event, Blockchain.RIO, held from August 6 to 7, 2025. The event brought KuCoin Futures’ brand strength, trust values, and global community presence to the heart of Rio, drawing hundreds of Web3 industry leaders, well-known influencers, and local users to discuss market trends, technological advancements, and future opportunities.

Matt Refael, Lead of KuCoin Futures’ Brazil operations, stated at the event:

“The crypto world doesn’t only exist on screens or exchanges — it must also be experienced and trusted in the real world. Face-to-face interaction with our users is at the core of how we build trust and a sense of community.”

This appearance was more than just a regional engagement — it marked the official launch of the KuCoin Futures Global Tour. As one of the world’s leading cryptocurrency futures trading platforms, KuCoin Futures remains committed to the mission “To make crypto  accessible to everyone”, dedicated to innovation, security, and trust to users worldwide. Through offline events, KuCoin Futures breaks the barrier between online and offline, fostering transparent communication with users by sharing product capabilities and services up close, exchanging insights, and aligning subsequent actions with shared understanding.

Trust has always been a core value of KuCoin Futures. From security compliance to liquidity depth and user experience, the platform consistently leads the industry. Covering areas from security compliance to liquidity depth and user experience, the platform was ranked 4th globally in CoinGlass’s latest derivatives exchange list. Direct, in-person engagements allow the platform to share operational insights with users and foster deeper mutual understanding.

This Global Tour also forms a key part of KuCoin’s 8th anniversary celebration aligned with the mission to make crypto accessible to everyone and to build trust through deeper connections. Over the past eight years, KuCoin has driven innovation and lowered barriers, enabling more people to access the crypto world in a secure manner. Looking ahead, KuCoin Futures will carry this vision to more cities and communities — not just through digital connections, but through real-world engagement that brings warmth and value to its global user base.

Following Brazil, the KuCoin Futures Global Tour will continue on to Southeast Asia, Europe, and the Middle East, meeting users face-to-face and sharing the innovation, security, and trust of crypto industry at closer range, embracing together the opportunities of this new era.

About KuCoin Futures

Launched in 2019, KuCoin Futures is the derivatives arm of KuCoin, offering a wide range of perpetual and quarterly contracts across major cryptocurrencies. Built for both retail and institutional users, KuCoin Futures delivers a powerful, intuitive, and secure trading experience backed by robust liquidity and advanced risk management systems. The platform supports cross-margin and isolated-margin modes, customizable leverage, and a comprehensive API, making it one of the most user-friendly and scalable derivatives platforms in the industry.

To learn more, visit https://www.kucoin.com/futures