Based in Hubei Province, People´s Republic of China, China Automotive Systems, Inc. (Nasdaq: CAAS) is a leading supplier of power steering systems and components to China automotive industry, operating through 15 subsidiaries. It has more than 20 years experiences in power steering manufacturing.
The Company is a supplier of automotive parts and most of its operations are located in China. An increase or decrease in the output and sales of Chinese vehicles could result in an increase or decrease of the Company’s results of operations. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. It currently offers four separate series, 300+ models of power steering including rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps and steering hoses.
China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through eight Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 5.0 million sets of steering gears, columns and steering hoses.
Our customer base is comprised of leading auto manufacturers, such as China FAW Group, Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, Ford Motor Company, and Fiat Chrysler LLC in North America.