China Automotive Systems signs supply contract with SAIC Maxus

China Automotive Systems (CAAS) entered into a new supply contract with SAIC Maxus, becoming a Type A supplier for the SV63 model. Mass production of CAAS' steering systems for the SV63 model has started in 2019.

“China Automotive Systems, Inc. (Nasdaq: CAAS) today announced it has entered into a new supply contract with SAIC Maxus, an SUV and commercial vehicle subsidiary of SAIC Motor.”prnewswire.com

• 3 sources
• prnewswire.comChina Automotive Systems signs new contract with SAIC MaxusChina Automotive Systems, Inc.Sep 30, 2019
• prnewswire.comChina Automotive Systems Passes Supplier Evaluation By IVECOChina Automotive Systems, Inc.Oct 7, 2019
• just-auto.comChina Automotive Systems passes IVECO evaluation - Just AutoSam DukeOct 8, 2019

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