Welcome to our dedicated page for China Automotive Sys news (Ticker: CAAS), a resource for investors and traders seeking the latest updates and insights on China Automotive Sys stock.
China Automotive Systems, Inc. (NASDAQ: CAAS) delivers innovative power steering solutions for global vehicle manufacturers. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments, technological advancements, and market positioning.
Track all official announcements including quarterly earnings, strategic partnerships, product innovations, and operational milestones. Our curated feed ensures access to primary source materials for informed analysis of CAAS's role in evolving automotive technologies like electric power steering systems.
Key updates cover R&D breakthroughs, manufacturing expansions, and leadership changes impacting the company's trajectory. Bookmark this page for direct access to filings, press releases, and substantive news affecting CAAS's position as a steering systems leader.
China Automotive Systems (NASDAQ: CAAS) reported strong Q2 2025 financial results with significant growth across key metrics. Net sales increased 11.1% year-over-year to $176.2 million, driven by a 31.1% growth in Electric Power Steering (EPS) sales which now represent 41.4% of total product sales.
The company achieved notable international expansion, including a 49.4% sales growth in Brazil and an 11.8% increase in North American sales. A significant milestone was winning their first R-EPS product order from a major European automaker, expected to generate over $100 million in annual sales starting 2027.
Income from operations rose 20.2% to $13.0 million, with net income attributable to shareholders increasing 6.8% to $7.6 million. Management has raised full-year 2025 revenue guidance to $720.0 million.
China Automotive Systems (NASDAQ:CAAS), a leading Chinese power steering components and systems supplier, has scheduled the release of its unaudited financial results for Q2 2025 on Wednesday, August 13, 2025, before market opening.
The company will host a conference call on the same day at 8:00 A.M. EDT/8:00 P.M. Beijing Time. Management will present the results followed by a Q&A session. Investors can participate using various toll-free numbers with pin 489385. A replay will be available on the company's investor relations website.
[]China Automotive Systems (NASDAQ:CAAS) has commenced mass production of its second-generation iRCB (intelligent electro-hydraulic circulating ball power steering) system in China. The system, compatible with L2+ assisted driving, represents China's first iRCB of its kind and achieved mass production in just 8 months from project launch.
The innovative steering system demonstrates superior steering accuracy and response speed through advanced electro-hydraulic control technology. Notably, it is projected to deliver cost savings of approximately RMB 36,000 per vehicle annually through optimized energy consumption. Following successful initial production, the company received record-breaking new orders in July 2025.
China Automotive Systems (NASDAQ: CAAS) has secured its first R-EPS (Rack Electric Power Steering) product order from a major European automaker through its subsidiary Jingzhou Henglong. The order, valued at over $100 million in annual sales, covers multiple vehicle models with mass production scheduled to begin in 2027.
The company's R-EPS technology features proprietary ball screw assembly and electronic control units, delivering improved network security, functional safety, and enhanced steering performance. CAAS plans to expand its R-EPS production capacity to 250,000 units by 2025 and over 1 million units by 2030 to meet growing OEM demand.
China Automotive Systems (NASDAQ: CAAS) reported strong financial results for Q1 2025, with net sales increasing 19.9% year-over-year to $167.1 million. The company's EPS products showed remarkable growth, with sales rising 54.0% and comprising 43.7% of total sales. Gross profit grew 18.8% to $28.6 million, maintaining a stable gross margin of 17.1%.
Despite higher revenues, income from operations decreased 10.5% to $8.6 million due to increased operating expenses, including higher R&D investments and one-time severance costs. Diluted EPS was $0.24, down from $0.27 in Q1 2024. The company's financial position remains solid with $89.9 million in cash and equivalents, and operating cash flow improved 73.1% to $18.1 million. Management maintains its full-year 2025 revenue guidance of $700.0 million.
China Automotive Systems (NASDAQ: CAAS), a leading power steering components and systems supplier in China, has scheduled the release of its unaudited financial results for Q1 2025 on Wednesday, May 14, 2025, before market opening. The company will host a conference call at 8:00 A.M. EDT/8:00 P.M. Beijing Time on the same day to discuss the results. The call will include a Q&A session and can be accessed via multiple toll-free numbers with pin 714212. A replay will be available on the company's website in the investor relations section.
China Automotive Systems (NASDAQ: CAAS) reported record annual revenue for 2024, with a 12.9% increase to $650.9 million. The company's Electric Power Steering (EPS) sales grew significantly by 29.9%, representing 38.9% of total sales, up from 33.8% in 2023.
Key financial highlights include: gross profit increased 5.2% to $109.2 million, operating income rose 2.6% to $40.3 million, and diluted net income per share was $0.99. The company maintained strong liquidity with $129.4 million in total cash and equivalents.
Fourth quarter performance showed an 18.6% revenue increase to $188.7 million, though gross margin declined to 15.6% from 21.8% year-over-year. The company's subsidiary Jingzhou Henglong achieved notable growth, with December 2024 reaching a record 620,000 units in monthly production.
Management has provided revenue guidance of $700.0 million for fiscal year 2025.
China Automotive Systems (CAAS), a leading power steering components and systems supplier in China, has scheduled to release its unaudited fourth quarter 2024 and audited full-year 2024 financial results on March 28, 2025, before market opening.
The company will host a conference call on the same day at 8:00 A.M. EDT/8:00 P.M. Beijing Time to discuss the results, followed by a Q&A session. Investors can participate using the provided dial-in numbers with pin 826041. A replay will be available on the company's website in the investor relations section.
China Automotive Systems (CAAS) reported significant growth in Q4 2024, with its subsidiary Jingzhou Henglong achieving a 35% year-over-year increase in production and sales. The company reached a record monthly high of over 620,000 units in December 2024, marking a 46.7% increase from the previous year. Annual production and sales volume for 2024 exceeded 5 million units, representing an 18.5% growth.
The company also announced the successful mass production launch of its R-EPS steering product for Nanjing Iveco after passing PPAP assessment. The R-EPS system features advanced capabilities including automatic parking and lane assistance functions, designed for medium and heavy-duty passenger vehicles. CAAS plans to expand its R-EPS production capacity from 100,000 units in 2024 to 250,000 units in 2025 and 400,000 units by 2027.
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