Steyr Motors Secures EUR 65 Million Revenue Through Joint Venture

Steyr Motors AG, an Austrian leader in custom engine production, has announced a significant joint venture with Shangyan Power in Singapore. This partnership is set to generate EUR 65 million in revenue and a EUR 13 million EBIT contribution over five years, beginning in 2026.

This venture opens new growth avenues in the ASEAN region, targeting sectors like industrial energy supply, commercial marine, and off-road applications. Notably, this expansion requires no additional capital investment from Steyr Motors, marking a strategic milestone in its internationalization efforts.

The collaboration leverages Steyr's global brand presence and engineering acumen alongside Shangyan's regional manufacturing prowess. It enhances Steyr's product portfolio, aiming to tap into an ASEAN market potential valued between USD 13 and 20 billion.

Operations under this venture are scheduled to launch by the end of 2025, supporting Steyr's goal of broadening its global sales and service network efficiently.