Latest news with #CEPS
Korea Herald
5 days ago
- Automotive
- Korea Herald
Nexteer Breaks Ground on New Manufacturing Facility in Liuzhou, China
Capacity Expansion, Supply Chain Co-location & Smart Manufacturing Fuel APAC Growth Strategy AUBURN HILLS, Mich. and LIUZHOU, China, July 15, 2025 /PRNewswire/ -- Nexteer Automotive held a groundbreaking ceremony today for its new smart manufacturing facility in Liuzhou, China. This expansion marks a key milestone in Nexteer's strategic growth – reinforcing its leadership in the APAC steering market and supporting growing demand from both domestic and global OEMs. With continued growth in APAC business volume and product scope, Nexteer is investing in enhanced capacity and innovative supply chain integration. The new facility is designed to increase in-house production of key components while fostering deeper collaboration across Nexteer's supply chain. The development also includes a dedicated co-location for core suppliers, enabling real-time innovation, enhanced agility and optimized cost efficiencies through a tightly integrated ecosystem. The new Liuzhou facility enables Nexteer to meet rising demand for advanced steering and motion control technologies including Column-Assist Electric Power Steering (CEPS) systems and Modular Power Packs that enhance safety, serviceability, packaging and integration for intelligent vehicle platforms. The project is a relocation and new construction initiative. Once completed, Nexteer's current Liuzhou facility will move in its entirety to the new site. The new plant will span more than 40,000 square meters and include advanced laboratories, test tracks, and an employee center. The facility is expected to be fully operational in H1, 2026. "Nexteer's Liuzhou subsidiary has been established for ten years and has cumulatively produced over 10 million steering systems," said Jun Li, "Nexteer's Global Vice President and APAC Division President. "This new expansion represents a strategic step to scale capacity and meet growing demand for our steering solutions across China and the broader APAC region. Our innovative Motion-by-Wire™ portfolio enhances safety, performance, control, personalized customization and seamless vehicle integration. By investing in smart, sustainable, high-quality manufacturing, we can better anticipate and meet the evolving needs of our customers and support the future of intelligent mobility." Designed with smart and green manufacturing principles, the facility will feature energy-efficient infrastructure and advanced automation. These elements align with local priorities for sustainable industrial development and reinforce Nexteer's commitment to responsible innovation. Nexteer's new Liuzhou facility will continue to work in collaboration with its APAC Technical Center in Suzhou, China and play a critical role in Nexteer's global manufacturing footprint across all major markets. "Nexteer remains well positioned in China's highly dynamic and competitive market by thinking globally and acting locally," said Robin Milavec, President, Chief Technology Officer, Chief Strategy Officer and Executive Board Director of Nexteer Automotive. "We understand the nuances of a fast-moving APAC environment while maintaining safety-critical quality and expertise in requirement standards across global OEMs and markets. This approach has secured Nexteer's leadership among China's top automotive OEMs and supports our vision to accelerate mobility to be safe, green and exciting." 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 "motion-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.
The Wire
5 days ago
- Automotive
- The Wire
Nexteer Breaks Ground on New Manufacturing Facility in Liuzhou, China
Capacity Expansion, Supply Chain Co-location & Smart Manufacturing Fuel APAC Growth Strategy AUBURN HILLS, Mich. and LIUZHOU, China, July 15, 2025 /PRNewswire/ -- Nexteer Automotive held a groundbreaking ceremony today for its new smart manufacturing facility in Liuzhou, China. This expansion marks a key milestone in Nexteer's strategic growth – reinforcing its leadership in the APAC steering market and supporting growing demand from both domestic and global OEMs. With continued growth in APAC business volume and product scope, Nexteer is investing in enhanced capacity and innovative supply chain integration. The new facility is designed to increase in-house production of key components while fostering deeper collaboration across Nexteer's supply chain. The development also includes a dedicated co-location for core suppliers, enabling real-time innovation, enhanced agility and optimized cost efficiencies through a tightly integrated ecosystem. The new Liuzhou facility enables Nexteer to meet rising demand for advanced steering and motion control technologies including Column-Assist Electric Power Steering (CEPS) systems and Modular Power Packs that enhance safety, serviceability, packaging and integration for intelligent vehicle platforms. The project is a relocation and new construction initiative. Once completed, Nexteer's current Liuzhou facility will move in its entirety to the new site. The new plant will span more than 40,000 square meters and include advanced laboratories, test tracks, and an employee center. The facility is expected to be fully operational in H1, 2026. "Nexteer's Liuzhou subsidiary has been established for ten years and has cumulatively produced over 10 million steering systems," said Jun Li, "Nexteer's Global Vice President and APAC Division President. "This new expansion represents a strategic step to scale capacity and meet growing demand for our steering solutions across China and the broader APAC region. Our innovative Motion-by-Wire™ portfolio enhances safety, performance, control, personalized customization and seamless vehicle integration. By investing in smart, sustainable, high-quality manufacturing, we can better anticipate and meet the evolving needs of our customers and support the future of intelligent mobility." Designed with smart and green manufacturing principles, the facility will feature energy-efficient infrastructure and advanced automation. These elements align with local priorities for sustainable industrial development and reinforce Nexteer's commitment to responsible innovation. Nexteer's new Liuzhou facility will continue to work in collaboration with its APAC Technical Center in Suzhou, China and play a critical role in Nexteer's global manufacturing footprint across all major markets. "Nexteer remains well positioned in China's highly dynamic and competitive market by thinking globally and acting locally," said Robin Milavec, President, Chief Technology Officer, Chief Strategy Officer and Executive Board Director of Nexteer Automotive. "We understand the nuances of a fast-moving APAC environment while maintaining safety-critical quality and expertise in requirement standards across global OEMs and markets. This approach has secured Nexteer's leadership among China's top automotive OEMs and supports our vision to accelerate mobility to be safe, green and exciting." 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 "motion-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. Link to Nexteer Media Center Link to Release Press Kit Logo - (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).
Yahoo
11-07-2025
- Automotive
- Yahoo
Europe faces ‘critical turning point' in EV shift: report
A new report from the Centre for European Policy Studies (CEPS), supported by the European Automobile Manufacturers' Association (ACEA), has raised alarm over persistent barriers slowing Europe's electric vehicle (EV) transition, highlighting high production costs, supply chain fragility, and inadequate charging infrastructure as key concerns. The report, shaped by expert researchers and stakeholders, warns that the shift to EVs 'requires a significant transformation of existing supply and value chains,' which will have deep repercussions on jobs, investment flows, and the EU's global competitiveness. Europe stands at a 'critical turning point,' the authors argue, with consumer adoption still held back by 'insufficient charging infrastructure, high total cost of ownership, and limited consumer confidence', factors that are contributing to an ageing vehicle fleet across the continent. The report paints a stark picture of the cost gap between supply and demand. CEPS analysts found that average battery-electric vehicle (BEV) prices would need to hover around €45,000 to sustain current manufacturer pricing structures, yet average consumer willingness to pay is 'only €20,000.' That disconnect is compounded by the risk to European value-added content in vehicle manufacturing. Whereas internal combustion engine vehicles (ICEVs) typically retain 85–90% EU value-added content, this drops to just 70–75% for BEVs due to shifts in production processes and globalised supply chains. 'This transition,' the report notes, 'will also impact the types of labour and skills needed in the industry,' raising further concerns over potential job losses in ICEV-related manufacturing, even as new EV jobs emerge. Retraining and upskilling are seen as essential. On the infrastructure front, the investment needs are striking. The EU will require an estimated €172 billion by 2030 to build out charging networks—but slow permitting and grid connection processes remain major bottlenecks. Similarly, battery production, where Europe remains heavily reliant on China, demands around €42 billion in annual investment to build a competitive domestic supply chain, the report adds. Without urgent action, CEPS warns, the EU risks falling behind in a global race for EV leadership. 'Establishing a sufficient supply chain and achieving manufacturing scale will be key,' the report concludes. "Europe faces 'critical turning point' in EV shift: report" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
11-07-2025
- Automotive
- Yahoo
Europe faces ‘critical turning point' in EV shift: report
A new report from the Centre for European Policy Studies (CEPS), supported by the European Automobile Manufacturers' Association (ACEA), has raised alarm over persistent barriers slowing Europe's electric vehicle (EV) transition, highlighting high production costs, supply chain fragility, and inadequate charging infrastructure as key concerns. The report, shaped by expert researchers and stakeholders, warns that the shift to EVs 'requires a significant transformation of existing supply and value chains,' which will have deep repercussions on jobs, investment flows, and the EU's global competitiveness. Europe stands at a 'critical turning point,' the authors argue, with consumer adoption still held back by 'insufficient charging infrastructure, high total cost of ownership, and limited consumer confidence', factors that are contributing to an ageing vehicle fleet across the continent. The report paints a stark picture of the cost gap between supply and demand. CEPS analysts found that average battery-electric vehicle (BEV) prices would need to hover around €45,000 to sustain current manufacturer pricing structures, yet average consumer willingness to pay is 'only €20,000.' That disconnect is compounded by the risk to European value-added content in vehicle manufacturing. Whereas internal combustion engine vehicles (ICEVs) typically retain 85–90% EU value-added content, this drops to just 70–75% for BEVs due to shifts in production processes and globalised supply chains. 'This transition,' the report notes, 'will also impact the types of labour and skills needed in the industry,' raising further concerns over potential job losses in ICEV-related manufacturing, even as new EV jobs emerge. Retraining and upskilling are seen as essential. On the infrastructure front, the investment needs are striking. The EU will require an estimated €172 billion by 2030 to build out charging networks—but slow permitting and grid connection processes remain major bottlenecks. Similarly, battery production, where Europe remains heavily reliant on China, demands around €42 billion in annual investment to build a competitive domestic supply chain, the report adds. Without urgent action, CEPS warns, the EU risks falling behind in a global race for EV leadership. 'Establishing a sufficient supply chain and achieving manufacturing scale will be key,' the report concludes. "Europe faces 'critical turning point' in EV shift: report" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Reuters
10-07-2025
- General
- Reuters
Power line that triggered major Czech outage was not over-burdened, operator says
PRAGUE, July 10 (Reuters) - A high-voltage power line that snapped at the start of a major power outage in the Czech Republic on Friday was not over-burdened at the time, grid operator CEPS said on Thursday, adding it was still investigating the cause. The outage hit about million customers, halted hundreds of trains, and shut down industrial sites including a major oil refinery. It also added to concerns about the vulnerability of European power grids after recent outages in Spain and Britain. Giving details about the sequence of events that affected the central European country's power grid - which is also linked to neighbouring countries - CEPS said the problem appeared to start at 11.51 a.m. (0951 GMT) when a cable on the 400 kilovolt V411 line in north-west of the country snapped. The reason for this is still under investigation, but there was no third-party interference, CEPS Chairman Martin Durcak told a news conference. The grid is designed to cope with such a failure and should not disintegrate, he said. However, the incident was followed less than two minutes later by the failure of unit 6 of the Ledvice power plant in the north of the country, which was running at around 300 megawatts. "We are looking into this with our colleagues (from Ledvice owner CEZ ( opens new tab), if there is any causality," Durcak said. At 11.59 a.m., network operators were forced to turn off the 200 kilovolt V208 high-voltage power line in the centre of the country after it became over-burdened, and after that an eastern substation failed together with the V401 high-voltage link. This created breaks in the grid, with insufficient power production across the north-east of the country and parts of the centre, and then the outage. The affected area included nine of the country's 45 substations, and about one sixth of all customers. All substations were back up within three hours, CEPS said, and by 10 p.m. the snapped cable was fixed. The grid was carrying large, but routine cross-border flows, as traders bought power from abroad due to lower prices there.
