China Automotive Systems Began Volume Shipment of EPS Systems to a Global Automaker in Europe
China Automotive Systems (NASDAQ: CAAS) began volume shipment of electric power steering (EPS) systems to a global automaker’s European division.
Rhea-AI Summary
China Automotive Systems (NASDAQ: CAAS) began volume shipment of electric power steering (EPS) systems to a global automaker’s European division. The EPS model will equip two new vehicle models, with expected annual sales of about 300,000 units.
The program follows extensive DV/PV testing, multiple software upgrades, and deployment of advanced manufacturing technologies.
Positive
- Volume EPS shipments started to a global automaker’s European division
- EPS program annual sales volume expected at approximately 300,000 units
- Completed 66 DV/PV tests with 65 approved on first attempt
- EPS software underwent 11 major upgrades during development
- Production line uses eight modern manufacturing technologies, including MES-AGV integration and 100% robotic inspection
- Entry into another major OEM supply chain, expanding customer base and geographic reach
Negative
- None.
Details
News Market Reaction – CAAS
In the May 18 session, CAAS declined 0.42%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Annual EPS volume
- 300,000 units
- Expected annual sales volume for European EPS program
- DV/PV tests completed
- 66 tests
- Total DV/PV tests performed for the EPS program
- First-pass DV/PV approvals
- 65 tests
- Customer-approved on first attempt out of 66 DV/PV tests
- Software upgrades
- 11 upgrades
- Major software upgrades during two-year development
- Manufacturing technologies
- 8 technologies
- Modern manufacturing technologies on EPS production line
- European vehicle models
- 2 models
- Number of new European vehicle models using this EPS system
Historical Context
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Record 2025 net sales and EPS with 2026 revenue guidance issued.
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Announcement of Q4 and full-year 2025 results release and call.
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2026–2030 plan targeting >20B yuan sales and global expansion.
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South American C-EPS supply contract for >300,000-unit platform.
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High-torque steering motor moving to mass production for commercial vehicles.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
electric power steering technical
eps technical
manufacturing execution system (mes) technical
automated guided vehicles (agv) technical
poka-yoke technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
CAAS' senior management team and key project members hosted celebration on-site to jointly witness this milestone moment. From project initiation to volume shipment during the past two years, the CAAS team leveraged their strong technical capabilities and meticulous engineering work, earning high recognition from this global automaker. Despite the strict technical and quality requirements, the CAAS team completed a total of 66 DV/PV tests, 65 of which were approved by the customer on the first attempt; the software also underwent 11 major upgrades; along with our state-of-the-art production line powered by eight modern manufacturing technologies, including seamless integration of Manufacturing Execution System (MES) with Automated Guided Vehicles (AGV), computer vision Poka-Yoke, and
Mr. Qizhou Wu, Chief Executive Officer of CAAS, commented, "We are proud of entering another major OEM's supply chain as we make strides in broadening our customer base and geographic reach. We remain laser-focused on pursuing our global mission of 'providing intelligent chassis system solutions for global automakers'. EPS products are one of our advanced steering products in an expanding product portfolio to meet the diverse needs of both passenger and commercial vehicles on a worldwide scale."
About China Automotive Systems, Inc.
Based in
Forward-Looking Statements
This press release contains statements that are "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company's actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading "Risk Factors" in the Company's Annual Report on Form 20-F as filed with the Securities and Exchange Commission on April 22, 2026, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Any of these factors and other factors beyond our control, could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict, and materially and adversely impact our business, financial condition and results of operations. A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery and assembly process within any of our production facilities could continue to result in delays in the shipment of products to our customers, increased costs and reduced revenue. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.
For further information, please contact:
Jie Li
Chief Financial Officer
China Automotive Systems, Inc.
jieli@chl.com.cn
Kevin Theiss
Awaken Advisors
+1-212-510-8922
Kevin@awakenlab.com
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SOURCE China Automotive Systems
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