Monday, November 30, 2020 6:57:50 AM
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%.
Recent CAAS News
- China Automotive Systems Reports Record Annual Revenue, and a 81.2% Increase in Diluted Net Income Per Share to $1.25 in Fiscal Year 2023 • PR Newswire (US) • 03/28/2024 10:00:00 AM
- China Automotive Systems to Announce Unaudited 2023 Fourth Quarter and Audited 2023 Year Financial Results on March 28, 2024 • PR Newswire (US) • 03/15/2024 10:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/17/2023 11:03:07 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 11:53:06 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 11:16:30 AM
- China Automotive Systems Reports a 29.2% Increase in Diluted Earnings Per Share Growth in the Third Quarter of 2023 • PR Newswire (US) • 11/10/2023 11:00:00 AM
- China Automotive Systems to Announce Unaudited 2023 Third Quarter Financial Results on November 10, 2023 • PR Newswire (US) • 11/03/2023 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/31/2023 11:12:36 AM
- China Automotive Systems Announces Annual Meeting on August 30, 2023 • PR Newswire (US) • 08/22/2023 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/11/2023 10:05:36 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/11/2023 10:03:26 AM
- China Automotive Systems Reports 90.0% Increase in Net Income Per Share to $0.57 in the First Six Months of 2023 • PR Newswire (US) • 08/11/2023 10:00:00 AM
- China Automotive Systems to Announce Unaudited 2023 Second Quarter Financial Results on August 11, 2023 • PR Newswire (US) • 08/03/2023 10:15:00 AM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 07/14/2023 10:05:18 AM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 07/14/2023 10:01:41 AM
- China Automotive Systems' Unaudited Diluted Income Per Share Climbs to $0.23 in the First Quarter of 2023 • PR Newswire (US) • 05/12/2023 10:00:00 AM
- China Automotive Systems to Announce Unaudited 2023 First Quarter Financial Results on May 12, 2023 • PR Newswire (US) • 05/05/2023 10:00:00 AM
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