China Automotive Systems and KYB form joint venture for EPS systems

China Automotive Systems (CAAS) and KYB (China) Investment Co., Ltd. established a joint venture, Hubei Henglong KYB Automobile Electric Steering System Co., Ltd., to develop and produce electric power steering systems. CAAS holds 66.6% ownership with an investment of RMB 213.12 million. The JV plans total investment of RMB 960 million and annual capacity of 5 million units.

“This joint venture will provide great benefits to both parties.”prnewswire.com

• 1 source
• prnewswire.comChina Automotive Systems Establishes Joint Venture with KYB (China) Investment Co., Ltd. for EPS SystemsChina Automotive Systems, Inc.May 3, 2018

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