China Automotive Systems inc (CAAS)

[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.