China Automotive Systems

China Automotive Systems was selected as a supplier of aftermarket power steering gears to a global OEM's parts division for use in one SUV model in North America. The supply agreement was reached in 2010.

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 has won a major exclusive supply contract from Great Wall Motor Company to provide electric power steering (EPS) products for Great Wall's new ORA R150 electric vehicle model, with total shipments expected to reach 150,000 units in 2019.

China Automotive Systems received the Q1 quality award from Ford Motor Company, recognizing its quality management and execution as a supplier of power steering components.

China Automotive Systems (CAAS) and Hyoseong Electric formed a joint venture, Hyoseong (Wuhan) Motion Mechatronics System Co., Ltd., to design, manufacture and sell electric motors for automotive electric power steering systems. CAAS owns 51%, Hyoseong 49%. Total investment is RMB 550 million, with a new facility planned near CAAS's Wuhan headquarters with annual capacity of 4.5 million units.

China Automotive Systems (CAAS) and Hyoseong Electric formed a joint venture, Hyoseong (Wuhan) Motion Mechatronics System, to design, manufacture and sell electric motors for automotive electric power steering systems. A new production facility is planned near CAAS's headquarters in Wuhan with an expected annual capacity of 4.5 million units. Total investment is CNY 550 million (US$80 million), with CNY 198 million for the first phase.

China Automotive Systems (CAAS) won a bid for Fiat Automobiles' 500 series electric vehicles for its mechanic steering gears (MSG) product, with mass production expected to start in April 2020.

China Automotive Systems (CAAS) has won a bid from Mahindra & Mahindra for dual-pinion electric power steering (DP-EPS) products, with mass production beginning in April 2020 and an annual order of approximately 70,000 units.

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.

China Automotive Systems has begun commercial production of steering gears to supply Fiat Chrysler's electric power steering systems for a new C-SUV model set to launch in 2017.