EQS-News: Steyr Motors secures EUR 65 million in revenue and EUR 13 million EBIT contribution over five years through joint venture with Shangyan Power in Singapore
EQS-News: Steyr Motors AG / Key word(s): Joint Venture/Incoming Orders
Steyr Motors secures EUR 65 million in revenue and EUR 13 million EBIT
contribution over five years through joint venture with Shangyan Power in
Singapore
08.09.2025 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Steyr Motors secures EUR 65 million in revenue and EUR 13 million EBIT
contribution over five years through joint venture with Shangyan Power in
Singapore
• Additional growth opportunities in the ASEAN region
• New applications in the fields of industrial energy supply, commercial
marine, and specialized off-road applications
• Guaranteed revenue and EBIT contribution included in the five-year
plan starting 2026
Steyr, Austria, 8 September 2025 – Steyr Motors AG ([1]ISIN
AT0000A3FW25), one of the world’s leading companies in the field of
customized engines for mission-critical defense and civil applications,
announces the establishment of a joint venture with Shangyan Power
Technology Jiangsu Co., Ltd. (“Shangyan Power”). Shangyan Power is one of
Asia’s leading companies in the development and production of a wide range
of diesel engines.
The joint venture is not only a strategic milestone in the
internationalization strategy, opening up new growth opportunities in the
ASEAN region and globally, but also secures a contractually guaranteed
minimum contribution of EUR 65 million in revenue and EUR 13 million in
EBIT within five years starting in 2026. Both partners thereby reaffirm
their commitment to ensuring sustainable competitiveness and global
growth. A key advantage for Steyr Motors, beyond the positive revenue and
earnings effect, is that the capacity expansion through the joint venture
requires no additional capital for investments or working capital.
This strategic partnership combines Steyr Motors‘ international brand
recognition, engineering expertise, and development capabilities with
Shangyan Power’s regional market strength and manufacturing capacity. The
result is an expanded product portfolio covering additional performance
classes tailored to the diverse requirements of international customers in
the fields of industrial energy supply, commercial marine applications,
and specialized off-road applications. The new product line complements
Steyr Motors‘ existing core products without overlap, opening up new
customer segments for the company. In the ASEAN region alone, Steyr Motors
gains access to an additional addressable market potential in the three
segments estimated at USD 13 to 20 billion.
“This partnership is a significant step in our global strategy,” explains
Julian Cassutti, CEO of Steyr Motors AG. “It strengthens our ability to
provide locally manufactured, high-quality propulsion solutions while
expanding our product portfolio in a targeted manner. Together, we will
unlock new markets, improve our responsiveness, and establish a solid
foundation for long-term success.”
The joint venture will support Steyr Motors in expanding its global sales
and service network. This will enable Steyr Motors to serve a broader
customer base more efficiently and quickly. Operations are scheduled to
begin at the end of 2025.
Company profile of Steyr Motors AG
Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the
development and production of high-performance customized special engines
with high power density and durability. The Company’s engines are
primarily used for military special vehicles, boats (both military and
civilian) and as auxiliary power units (“APU”) for main battle tanks and
locomotives. In the full year 2024, Steyr Motors generated an (adjusted)
EBIT margin of 24%. For 2025, Steyr Motors is aiming for a year-on-year
increase in revenue of at least 40%, an EBIT margin of above 20%, and a
production volume of at least 1,250 units.
For more information, please contact:
Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: [2]ir@steyr-motors.com
[3] www.steyr-motors.com
Press Contact in Germany, Austria, Switzerland
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: [4]sh@crossalliance.de
[5] www.crossalliance.de
Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: [6]matthieu.meunier@clai2.com
Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: [7]tsutton@1446.co.uk
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08.09.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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Language: English
Company: Steyr Motors AG
Im Stadtgut B1
4407 Steyr
Austria
Phone: +43 7252 2220
E-mail: office@steyr-motors.com
Internet: https://www.steyr-motors.com/de/
ISIN: AT0000A3FW25
WKN: A40TC4
Listed: Regulated Unofficial Market in Frankfurt (Scale); Vienna
Stock Exchange (Vienna MTF)
EQS News ID: 2193776
End of News EQS News Service
2193776 08.09.2025 CET/CEST
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References
~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. ir@steyr-motors.com
3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=fa43d7aab0cc6b5f3e5a9bd745396480&application_id=2193776&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
4. sh@crossalliance.de
5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=a9f6782523c75b88380cf9d9c4273e43&application_id=2193776&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
6. matthieu.meunier@clai2.com
7. tsutton@1446.co.uk
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