NEXTEER Shares Surge Over 7% on Strong Q1 Order Book and Future Prospects

Stock News05-21 10:22

Shares of NEXTEER (01316) rose more than 7%, reaching an increase of 7.37% to HK$5.1 at the time of writing, with a turnover of HK$51.45 million.

The movement follows the company's first-quarter operational update for 2026. During Q1 2026, NEXTEER secured new orders totaling $1.6 billion. This includes significant expansions in REPS business with North American clients, robust order growth across REPS, rear-wheel steering, CEPS, and column businesses with a new Chinese automaker, and a breakthrough in CEPS business with an existing Chinese automaker. The company anticipates securing additional steer-by-wire orders within the year and achieving its first EMB project award.

Analysis indicates that, as of the Q1 2026 update, NEXTEER has established mass production capabilities for several key products in its steer-by-wire chassis portfolio, including steer-by-wire systems, rear-wheel steering, and EMB. In the long term, leveraging its strong position in the Chinese market and continuous technological R&D, the company is well-positioned to expand into European and North American markets, potentially leading to a significant increase in its global steering market share.

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