The world's leading supplier of steering systems and powertrain systems, Nexteer Automotive Systems announced that it will invest US$150 million in the expansion of its Saginaw plant in Michigan in order to meet customer demand for EPS (Electronic Power Steering System). Steering) Growing demand.
The focus of this investment is on upgrading the Nexteer EPS system testing and validation equipment. Nexteer is the only global steering system supplier that integrates the development, testing, and validation of EPS systems. Nexteer will expand its VEC (Vehicle Evaluation Center) at the Shaknow factory's Vehicle Evaluation Center in order to be able to perform real-life simulations.
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."
Nexteer, a wholly owned subsidiary of General Motors of the United States, is a global group company that integrates R&D, manufacturing, and sales. It is headquartered in Saginaw, Michigan, USA, and operates in 34 countries and regions throughout the world. There are factories, customer service centers and technology research and development centers.
The focus of this investment is on upgrading the Nexteer EPS system testing and validation equipment. Nexteer is the only global steering system supplier that integrates the development, testing, and validation of EPS systems. Nexteer will expand its VEC (Vehicle Evaluation Center) at the Shaknow factory's Vehicle Evaluation Center in order to be able to perform real-life simulations.
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."
Nexteer, a wholly owned subsidiary of General Motors of the United States, is a global group company that integrates R&D, manufacturing, and sales. It is headquartered in Saginaw, Michigan, USA, and operates in 34 countries and regions throughout the world. There are factories, customer service centers and technology research and development centers.
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