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China Automotive Systems' subsidiary Hubei Henglong Automotive System Group was awarded a contract for its C-EPS project for a new vehicle platform from a leading South American automotive manufacturer. The platform covers gasoline and hybrid models with planned annual sales of over 300,000 units, with mass production expected in early 2028.
Hubei Henglong Automotive System Group, a subsidiary of China Automotive Systems, entered into a joint venture contract with KYB (China) Investment Co., Ltd. to establish Hubei Henglong KYB Automobile Electric Steering System Co., Ltd. for manufacturing and sales of automotive electric steering systems. The total investment is RMB 960 million, with registered capital of RMB 320 million.