China Automotive Systems reports developments as a supplier of power steering components and systems for passenger automobiles and commercial vehicles, with operations centered on China’s automotive industry. Its updates commonly cover operating results, demand trends for passenger and commercial vehicles, export sales, product mix, and the company’s completed redomicile as a Cayman Islands company while continuing to trade under CAAS.
Company news also covers technology and customer activity across electric power steering, intelligent electro-hydraulic circulating ball steering, rear-wheel active steering, steering motors, steering columns, gears, hoses, and related components. Subsidiary updates include Hubei Henglong Automotive System Group, Jingzhou Henglong Automobile Parts Manufacturing, and Hyoseong (Wuhan) Motion Mechatronics System, along with international expansion in markets such as South America.
China Automotive Systems (NASDAQ: CAAS) said its subsidiary Hyoseong (Wuhan) Motion Mechatronics System has entered final commissioning of a new 115-platform steering motor line and expects mass production mid-December 2025. The 115-platform motor delivers torque exceeding 20 N•m and follows three years of R&D. The line was co-developed with Wiselink Technology and passed development and verification with about ten major OEMs. The motor targets the company's eRCB electric recirculating ball steering program for commercial vehicles and can integrate with ADAS. Hyoseong is 51% owned by CAAS and will continue R&D and market expansion.
China Automotive Systems (NASDAQ: CAAS) reported Q3 2025 results: net sales $193.2M (+17.7% YoY) and diluted EPS $0.32 (+77.8% YoY). Gross profit rose 26.6% to $33.4M and gross margin improved to 17.3%. Nine‑month sales were $536.5M (+16.1%) and diluted EPS for nine months was $0.81. Cash and short‑term investments totaled $167.3M (~$5.54/share) and net working capital was $173.4M. Management raised full‑year 2025 revenue guidance to $730.0M. Company noted a >$100M annual R‑EPS order starting mass production by 2027 and international sales strength, including North America and Brazil growth.
China Automotive Systems (NASDAQ: CAAS) subsidiary Hubei Henglong signed a strategic cooperation MoU with KYB-UMW in Malaysia on Nov 3, 2025 to localize production and transfer steering technology.
Under the MoU, KYB-UMW's SP25 plant (completion expected Dec 2025, operational in 2026) will produce EPS and mechanical steering gears for Perodua and other OEM and aftermarket customers across ASEAN, forming a Malaysia-centered regional manufacturing and supply system.
China Automotive Systems (Nasdaq: CAAS) announced on Oct 21, 2025 that subsidiary Jingzhou Henglong launched an active rear-wheel steering system for upper mass-market new energy vehicles priced near RMB 200,000. The system uses a ball-screw-and-nut actuator plus a control unit that integrates vehicle speed and steering-angle signals, with two independent motors to adjust left/right rear-wheel angles.
Functionally, it steers rear wheels opposite to the front below 60 km/h to reduce turning radius and in the same direction above 60 km/h to improve high-speed stability. Jingzhou Henglong has a dedicated production line, developed systems for multiple OEM models, delivered several customer testing samples, and demonstrated prototypes at the 2025 Shanghai Auto Show.
China Automotive Systems (NASDAQ: CAAS), a prominent Chinese power steering components supplier, has successfully completed its redomiciliation merger. Through this corporate restructuring, the company has transformed from its previous jurisdiction to become incorporated under Cayman Islands law.
Under the terms of the redomiciliation merger, each existing share of CAAS common stock has been converted into one ordinary share of the new Cayman Islands-incorporated entity. The company will maintain its listing on the NASDAQ Capital Market under the same trading symbol "CAAS".
China Automotive Systems (NASDAQ:CAAS), a leading power steering components and systems supplier in China, has announced a Special Meeting of Stockholders scheduled for September 10, 2025, at 9:00 AM local time in Wuhan, China. The meeting will be held at the Second Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park.
For U.S. shareholders, the company has arranged a conference room at Henglong USA Corporation in Troy, Michigan, where they can participate via TEAMS connection on September 9, 2025, at 9:00 PM EDT. A live webcast will be available through Microsoft Teams for remote participation.
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.