Steyr Motors AG Enters Joint Venture with Shangyan Power to Expand Global Market Reach and Product Portfolio

Reuters09-08

Steyr Motors AG Enters Joint Venture with Shangyan Power to Expand Global Market Reach and Product Portfolio

Steyr Motors AG has announced the establishment of a joint venture with Shangyan Power Technology Jiangsu Co., Ltd., a leading company in diesel engine development and production in Asia. This strategic partnership aims to internationalize Steyr Motors' operations, opening new growth opportunities in the ASEAN region and globally. The collaboration guarantees a minimum revenue contribution of EUR 65 million and EUR 13 million in EBIT within five years starting in 2026. The partnership will allow Steyr Motors to expand its product portfolio, enhance its global sales and service network, and access an additional market potential worth USD 13 to 20 billion in the ASEAN region. Operations are set to commence at the end of 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Steyr Motors AG published the original content used to generate this news brief via EQS News, a service of EQS Group AG (Ref. ID: corporate_2193776_en), on September 08, 2025, and is solely responsible for the information contained therein.

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