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Recently, Nexteer Automotive Systems announced that it has invested US$150 million in the expansion of its Saginaw plant in Michigan. The focus of this investment is on upgrading the Nexteer EPS system testing and verification equipment. Nexteer is the only company in the world. A steering system supplier that combines the development, testing, and validation of EPS systems.
It is reported that Nexteer will expand the VEC (Vehicle Evaluation Center) of its Shaknunow plant's vehicle evaluation center in order to be able to conduct reality simulations and also to meet customers' increasing demand for EPS (Electronic Power Steering). .
Mike Richardson, Nexteer’s senior vice president, stated: “The sales of EPS system business accounted for only 3% of the company’s annual sales 10 years ago. The share of EPS system last year has grown to approximately 30%. We forecast that by 2015, The EPS system will account for 50% of the company's total annual sales."
The United States Nexteer Automotive Systems is a global supplier of steering systems and related advanced technologies. The company designs, manufactures and sells electric power steering gears , hydraulic power steering gears, steering columns and driveshafts for more than 60 automakers. It is a global supplier of automotive parts. Nexteer owns three wholly-owned and joint venture plants in China and R&D centers in Beijing and Suzhou. The company's Asia Pacific headquarters is located in Shanghai.