# 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.

- Type: Contract
- Announced: 2019-09-30
- Where: China
- Status: completed
- Products: power steering components and systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [China Automotive Systems](https://endata.com/companies/19421.md)
- [Iveco Group N.V.](https://endata.com/companies/15363.md) (customer)
- [China Automotive Systems](https://endata.com/companies/19421.md) (supplier)
- [SAIC Maxus](https://endata.com/companies/42413.md) (customer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/china-automotive-systems-signs-new-contract-with-saic-maxus-300927428.html), 2019-09-30: "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](https://www.prnewswire.com/news-releases/china-automotive-systems-passes-supplier-evaluation-by-iveco-300932774.html), 2019-10-07: "After CAAS successfully passed the evaluation, IVECO awarded CAAS the development right for the IVECO Daily van project."
- [just-auto.com](https://www.just-auto.com/news/china-automotive-systems-passes-iveco-evaluation/), 2019-10-08: "We are honoured to soon be part of the supply chain for this longest-running vehicle brand with 40 years history and 3 million units sold over 110 geographic markets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.