China Automotive Systems inc (CAAS)

[Tha Part Time Er]

https://finance.yahoo.com/news/china-automotive-systems-receives-sgs-110000347.html

[Tha Part Time Er]

Interesting article for ones who haven’t read!

https://finance.yahoo.com/news/kind-investors-own-most-china-053927351.html

[IRON_CROSS]

You said it!! Cheer's to great Day!

[Monksdream]

The stock market is awash with crooks and charlatans.

[IRON_CROSS]

Yep. Pretty much what I am thinking... that is why I refuse to "Pay for the secret" >>> "click here to find out what this NBT is...only $9.95 if you act now!" LMAO

[Monksdream]

Such rumors should be regarded as simply that. Rumors.

Probably be some BS outfit trading on Cromwell Coulson's stock market.

[IRON_CROSS]

Yes, but on the "lithium front," I want to know who/what this NBT (next big thing/technology) is, that is the so-called "Tesla-killer." Have you heard anything on what this NEW technology is that is supposed to be Greater than the almighty battery! I would Love to get in on the "bottom-floor" of that Monster --- if it exists???

[Monksdream]

Yes, VW has developed a unique battery. The Japanese, European, South Korean, and US vehicle makers already have plant and equipment to supply the planetary fleet.

The question is, where will the lithium, the primary metal for the batteries, come from? Other than China, Chile has the world's largest known lithium deposits.

[IRON_CROSS]

Yes. Volvo is doing quite well. Wish I would have caught them a few months back...missed the EARLY boat on that one! Volvo, among other's, is one that I am waiting in the wings for a Big Dip (almost always happens) to get a position.

Also, check out Volkswagen >>> https://www.vw.com/en/electric-vehicles.html

[Monksdream]

Volvo and Bentley have as objectives to produce all electric vehicles by 2030

Michael Taylor
Michael TaylorContributor
Transportation
Long experienced in auto journalism, Taylor is based in Italy.
Volvo will be an all-electric automaker by 2030, CEO Hakan Samuelsson said today.
Volvo will be an all-electric automaker by 2030, CEO and President Hakan Samuelsson said today. ... [+] GETTY IMAGES
Proposed combustion-engine bans in Europe and Japan by 2030 shouldn’t concern Swedish premium automaker Volvo too much, its CEO insisted.

They’ll only make electric cars (EVs) by then anyway, Volvo CEO and President Hakan Samuelsson told the Financial Times Future of the Car Summit today .

Samuelsson said he’d be shocked if Volvo wasn’t a pure EV maker by 2030, with the company already planning to be halfway there by 2025.

"I would be surprised if we wouldn't deliver only electric cars from 2030," Samuelsson told the summit.

While he hasn’t set a deadline on the delivery of Volvo’s last internal-combustion engine, it wants one in five of its sales this year to be electrified and half of them to be EVs by 2025.

The admission by Samuelsson would make it the second legacy brand after Bentley to become a full EV maker by 2030.

[IRON_CROSS]

Exactly. Same sentiment,, which is why I got out of NIO too soon :\

As long as I don't get "taken to the cleaners," and can stay one step ahead making profits...to h*ll with em' --- truth is, I prefer American manufactures to China anyday, but gotta follow the money when the pickin' is ripe!

[Monksdream]

The problem with Chinese companies listed on NASDAQ is they tend to be share selling operations.

[IRON_CROSS]

GM MD! I took an early day yesterday, needed a break! Yes the EV sector is definitely going to experience volatility, but by the same token...rest assured will be seeing massive gains in the future.

I have to agree with you on the travel industry stocks, but still playing those very carefully with all that is going on with the PlanDemic, anything can happen at any moment that could send the sector south!

Interesting event with CAAS yesterday...made some excellent gains here so far, but man, this one is a trip... if you listen to some, they will swear it's a scam P&D! I believe it's headed UP ^ $$$ Will see! +

[Monksdream]

The PR this morning about increased sales pushed the stock to 9.60. Turned out to be a non event. The three leading Chinese electric vehicles traded higher in the morning session then spent the rest of the day declining. They're not going to zero by any stretch of the imagination.

The S&P 500 was mostly bullish. Over 230 listed stocks made new 52week highs. With such bullishness abounding, it is no suprise the number of listed issues making new 52 week lows came to maybe five. This means the junk is going up along with the profitable companies. A rising tide tends to lift all the boats, even the leaky ones.

Cloud computing stocks were among the day's big gainers. Many sport price tags in the hundreds of American dollars. But they continue to make new highs.

Airline stocks were among tbe best gainers, along with selected retail and restaurant issues. And cruise lines. The market is saying it is seeing the light at the end of the tunnel getting brighter. US citizens who want a vaccine should receive one by June. It will up the CDC and other health care data keepers to determine when herd immunity has been achieved.

More rhetoric about the evils of fossil fuel usage. What else is new? That rhetoric has been with us since before the hippie era years.

The conversion from fossil fuels powering passenger automobiles and commercial trucks is a daunting task. The required capital will be in the trillions as measured in US currency. This is a planet on wheels. I don't have the percentage ratio of humans versus the total number of fossil fueled vehicles on the planet. It could easily be something like 7 billion humans and 1 billion vehicles.

[IRON_CROSS]

CAAS!!! + $$$

[Monksdream]

It's lunch period now and profit taking is on the menu. I've sold CAAS at 8.40 from a buy this morning at 7.50.

It could rally this afternoon, but I wouldn't bet on it.

[Monksdream]

I like what I see on my account screen for the positions I took right at the open for NIO, XPEV, LI and CAAS. I could sell at any time, though.

[IRON_CROSS]

Nice. I have had positions in all of those at one time or another. On watch for the moment on two in particular.

I am still amazed at how well NIO performed... I was in @ 2.94 and sold too soon! Don't like to chase...been waiting for the right moment to get back in >>> I am still believing the entire market is due for a substantial Correction!! that is when I plan on making my move on quite a few!!! $$$

[Monksdream]

I took another position at 7.50 earlier this morning.

XPEV, NIO, LI have climbed from the open.

KNDI lagged, then reversed.

[IRON_CROSS]

Uh Oh!! Looking like Shorties are getting Nervous! Lol

Go $CAAS +

[Monksdream]

China Automotive (CAAS) hit a low this morning at the open and has since rallied, as have Li Auto (LI), Xpeng (XPEV) and Nio Inc (NIO). This will probably continue for another 15 minutes and then they will sell back.

Kandi Tech (KNDI) is a laggard. I wouldn't take a positon until the price reaches some ridiculously low like 4 dollars.

[Monksdream]

The four Chinese electric vehicle stocks that trade on NASDAQ are lower again this morning.

Kandi Tech (KNDI)
Nio Inc (NIO)
XPeng (XPEV)
Li Auto (LI)

Tesla (TSLA) is also lower.

It may take a few more sessions, perhaps a month of trading sessions, for these stocks to bottom out.

[IRON_CROSS]

Might be a Great Day to BURN some shorts!!! $CAAS

[ClayTrader]

* * $CAAS Video Chart 12-01-2020 * *

Link to Video - click here to watch the technical chart video

[IRON_CROSS]

Thanks for chiming in, M D

You make some great points/observations. Agreed, though nothing new, the technology, design, and market demand have grown exponentially. I expect the sector to continue to grow and demand to increase along with innovation of course.

I would actually go so far to say (at the risk of wishful thinking/speculation) that a company such as CAAS would also want to expand their business model to say, battery-related components and anything else that would give them room to grow their bottom line and expand into the EV sector. That is one reason I am thinking long here...ESPECIALLY if I see some development in that direction.

That said, still not a bad play just as they are because--obviously--car companies need to have the product(s) they produce. Will see what the future brings...hopefully sooner that later! Peace

[Monksdream]

Electric vehicles are nothing new, providing one thinks about golf carts.

Late last century General Motors made the EV1, only about 1700, then scrapped the project, bought back those vehicles and junked them.

In the current century, the Japanese makers have produced and sold electric vehicles. GM started making them a year or so later. Ford followed.

The Japanese, the South Koreans, Europeans, make or have plans to make electric vehicles. Their problem, to a certain degree, is much of the revenue they derive from production is dependent upon exports.

CAAS makes the steering components for Chinese vehicle makers. It would not surprise me to learn one day that it is making components for the foreign makers because China is a source of cheap labor.

[IRON_CROSS]

Truth. I agree with your sentiment there... I was planning to be long in this position, especially if held the gains somewhat. When this sht happens, makes one question a bit...but then That's the whole intent of the "other side" after all. Watching closely.

[Monksdream]

I don't know about a week from today, much less a month from today. Over the longer haul, all these Chinese companies connected with the electric vehicle business--in China--will have larger market values. With over a billion citizens, China doesn't need to import electric vehicles. Plenty of capital and labor available in China.

[IRON_CROSS]

Sure looks that way. Arrg! Took profits, was riding free -- Now this!... No problem, I am patient when need be.

P.S. What's your take? Any strength in this CO?, or are they just BS? Sure look pretty good in the DD dept., especially with that little EV tease yesterday--just as I was hoping for <<< we all know that sector is on fire! I guess it's Market "GAMES" time... they really know how to Crash a freakin' Party!! lol

[Monksdream]

gap fill back to 4. Shorts are winning

[DarChann69]

Its coming back down

[DarChann69]

Sold.....! Ty very much

[IRON_CROSS]

$CAAS - HUGE!!

[Pedro2004]

In at 6.30 -- out at 12.00 (after hours).

And I'm not complaining.

[ClayTrader]

* * $CAAS Video Chart 11-30-2020 * *

Link to Video - click here to watch the technical chart video

[IRON_CROSS]

Here comes $10 baby! Been trying to alert!

Join the ride to $20-$30 +

[IRON_CROSS]

(((((((HOLY MACK-A-ROLLI !!!))))))) GO $CAAS!

[IRON_CROSS]

Call it what you will, but I am making GREEN here!!! Beautiful Day through my Shades!!!

[Jollyjay]

Scam bamm thank you mame!

[Pedro2004]

Another China company dumping shares.

[IRON_CROSS]

CAAS headed to $10-$20-$30 +

[IRON_CROSS]

China Automotive's stock rallies after update on power-steering product sales to EV makers

BoooooooM!!! Like I was saying ; EV-related NEW$ - Ya'll need to get in Here!!!

6:30 am ET November 30, 2020 (MarketWatch)

Shares of China Automotive Systems Inc. (CAAS) shot up 21% in premarket trading Monday, after the Wuhan, China-based company said so far this yaer it has shipped about 120,000 of its electric power-steering products for use in electric vehicles made in China. The company said it expects to sell over 140,000 units of its steering products this year, and about 200,000 units next year. Among the electric vehicle makers the company sells to are SUV and truck maker Great Wall Motors, state-owned auto maker Chery Automobile, Beijing Auto, JAC Motors and Dongfeng Auto and Hozon Auto. China Automotive noted that sales of China-made EVs about doubled from a year ago to 144,000 units in October, and China's government has set and EV car target of 25% of all new cars by 2025. China Automotive's stock has run up 43.5% over the past three months through Friday, while the iShares MSCI China ETF (MCHI) has gained 6.7% and the S&P 500 has edged up 3.7%.

[IRON_CROSS]

GM CAAS!!! $$$---Ya'll need to get in here!!!

This is going much HIGHER

[IRON_CROSS]

Weeeeeeee! (((((((BoooooooM!!!)))))))

I can't believe I am the only one here for the Party?? Not for long $$$

[IRON_CROSS]

$CAAS Closing in on 52-week High! Go Baby, Go!

[IRON_CROSS]

Something going on here ya'll ; maybe some EV New$ coming?

[IRON_CROSS]

PPS going up on very little volume. Setting up $$$

[IRON_CROSS]

$CAAS Recent share buyback -- Trades incredibly thin... little volume moves the SP easily! Tested recent highs on Friday -- Volume will send this flying!

Strong BUY <--- shows long, but I've been in and testing the waters since 11/10 and this baby moves on air! READY $$$

China Automotive Systems Q3 EPS $0.08 Beats $0.01 Estimate, Sales $114.40M Beat $109.77M Estimate

China Automotive Systems (NASDAQ:CAAS) reported quarterly earnings of $0.08 per share which beat the analyst consensus estimate of $0.01 by 700 percent. This is a 38.46 percent decrease over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $114.40 million which beat the analyst consensus estimate of $109.77 million by 4.22 percent. This is a 13.78 percent increase over sales of $100.54 million the same period last year.

[whytestocks]

News; $CAAS China Automotive Systems Announces Share Repurchase

WUHAN, China , Aug. 25, 2020 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China , today announced that its board of directors approved a share repurchase program of up to $5 million...

Got this from CAAS - China Automotive Systems Announces Share Repurchase

[Sub-Teacher]

Just me in Caas??