Business
Nexteer Signs Agreement for New Smart Manufacturing Project in Suzhou, China
Nexteer Automotive and the Administrative Committee of Suzhou Industrial Park have signed a Memorandum of Understanding (MoU) to establish Nexteer's Suzhou Smart Manufacturing Project.
About this update from Nexteer Automotive Group Limited
[{"type":"text","content":"Advances Manufacturing Excellence, Expands Capacity & Optimizes Footprint","length":77,"tagName":"p","attribs":{}},{"type":"text","content":"SUZHOU, China, Sept. 5, 2025 /PRNewswire/ -- Nexteer Automotive and the Administrative Committee of Suzhou Industrial Park have signed a Memorandum of Understanding (MoU) to establish Nexteer's Suzhou Smart Manufacturing Project.","length":233,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Nexteer)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Nexteer)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":78,"url":"https://media.zenfs.com/en/prnewswire.com/3a8f5e0b92e4795ed988f964699be2ed"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/YI4JpnWC6FvY0uP75zU6Iw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEzNztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/3a8f5e0b92e4795ed988f964699be2ed","width":400,"height":78}},"href":"https://mma.prnewswire.com/media/2368187/nexteer_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Under the MoU, Nexteer will acquire land in Suzhou to build a new, state-of-the-art smart manufacturing base. The planned land area for this project is 10 hectares, and the building area is approximately 70,000 square meters. Upon completion, the company will relocate operations from its current leased facility in Suzhou to the newly company-owned site. Today's MoU milestone underscores Nexteer's commitment to advancing smart and sustainable manufacturing while accelerating production capacity, customer responsiveness, innovation and value.","length":554,"tagName":"p"},{"type":"text","content":"FUTURE-PROOFING SMART, GREEN MANUFACTURING, ENABLING MOBILITY MEGATRENDS","length":72,"tagName":"p"},{"type":"text","content":"The new plant will be designed and constructed using principles of "intelligence + green" combining high-standard facilities with intelligent production lines. It will accelerate the digitalization and sustainability of Nexteer's manufacturing processes while significantly expanding capacity for advanced motion control solutions, including Electric Power Steering, Steer-by-Wire and other technologies that enable mobility megatrends.","length":450,"tagName":"p"},{"type":"text","content":"STRENGTHENING REGIONAL GROWTH & GLOBAL COMPETITIVENESS","length":58,"tagN...