Nexteer Automotive Announces New Production Facility in Chennai, India

CHENNAI,India,Jan. 29,2019 --Nexteer Automotivetoday announces the grand opening of a new production facility in Chennai,India. Chennai takes its place as Nexteer's third manufacturing plant in India- joining plants in Bengaluru and Pune- and as the 26th plant within the company's global manufacturing footprint.

Mr. Guibin Zhao (middle),Chairman & CEO Nexteer Automotive,Mr. Tao Liu (5th from left),Senior Vice President & Global COO Nexteer Automotive,Mr. Jun Li (1st from right),Vice President & AP COO Nexteer Automotive cut the ribbon together with the guests at the opening ceremony.

Nexteer's New Production Facility in Chennai

The company anticipates that the new plant will provide 150 job opportunities in Chennai by the end of 2019.

"The Chennai plant is a wholly-owned subsidiary of Nexteer Automotive,covering an area of 8,336 square meters," said Madhav Kulkarni,Managing Director,Nexteer India. "This strategic manufacturing footprint expansion will bring Nexteer's high quality and safety-critical Electric Power Steering (EPS) and Driveline products to India,as well as fast,responsive service to better serve our customers."

"Nexteer's EPS systems enhance driver comfort,control and feel-of-the-road,while also enabling ADAS features,such as lane keeping,park assist,lane departure warning,traffic jam assist and more. EPS systems also offer automakers increased fuel efficiency and reduced emissions. At the same time,they help give your vehicle personality and performance," said Tao Liu,Senior Vice President and Global Chief Operating Officer,Nexteer Automotive. "The opening of Nexteer's facility in Chennai and our expanded production capacity in India are important pieces in our global strategy and represent our confidence in the growth potential of the automotive market within this region."

ABOUT NEXTEER

Nexteer Automotive (HK 1316),a global leader in intuitive motion control,is a multi-billion dollar global steering and driveline business deliveringelectric and hydraulic power steering systems,steering columns,driveline systems,as well as advanced driver assistance systems (ADAS) and automated driving technologies for original equipment manufacturers (OEMs). The company has 26 manufacturing plants,three technical centers and 14 customer service centers strategically located in North and South America,Europe and Asia. The company serves more than 50 customers in every major region of the world including BMW,Fiat Chrysler,Ford,GM,PSA Group,Toyota and VW,as well as automakers in India and China. www.nexteer.com

CONTACT:

Summer Hou

Director Corporate Affairs Asia Pacific

Tel: +86-21-2215-7108

E-mail: summer.hou@nexteer.com

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