China Automotive Systems Signs Strategic Cooperation MoU With KYB-UMW to Advance High-End Manufacturing in Malaysia and Further Develop ASEAN Market
Strategic Partnership Announcement: China Automotive Systems, Inc. (CAAS) announced a strategic cooperation memorandum with KYB-UMW Sdn Bhd in Malaysia, focusing on technology transfer and joint production of automotive components, particularly steering systems.
Local Manufacturing and Market Expansion: The collaboration aims to establish a regional manufacturing and supply system in Malaysia, enhancing competitiveness in the ASEAN automotive market and providing high-quality steering solutions for OEMs and the aftermarket.
Advanced Manufacturing Plant: A new advanced manufacturing plant (SP25) is under construction and expected to be operational in 2026, dedicated to producing steering system products using Hubei Henglong's technology.
Long-term Growth Strategy: The partnership represents a shift towards value chain co-creation, with plans to explore further opportunities in the OEM and aftermarket sectors, contributing to the transformation of Malaysia's automotive industry.
Discover Tomorrow's Bullish Stocks Today
Analyst Views on CAAS
About CAAS
About the author
China Automotive Systems Unveils 2026-2030 Strategic Plan Aiming for Over ¥20 Billion in Sales
- Clear Strategic Goals: China Automotive Systems' 2026-2030 Strategic Plan sets an ambitious target of exceeding ¥20 billion in total sales by 2030, showcasing the company's determination to succeed in global markets.
- Accelerated Global Expansion: The plan emphasizes the need to maintain a leading position in the domestic market while accelerating the construction of a 'China + N' global manufacturing and supply chain network, enhancing local presence in key markets such as North America, South America, Europe, and Southeast Asia.
- Strengthened Technological Leadership: The company will increase R&D investment focusing on cutting-edge technologies like steer-by-wire and rear-wheel steering, aiming for key breakthroughs and standard-setting in the intelligent chassis sector.
- Exceptional Systems Development: By establishing a 'zero-defect' quality culture and lean automated manufacturing systems, China Automotive Systems will create a robust operational foundation that enhances competitiveness and resilience, supporting its strategic sales goals for 2030.
China Automotive Systems Unveils 2026-2030 Strategic Plan Aiming for Over ¥20 Billion in Sales
- Clear Strategic Goals: China Automotive Systems' 2026-2030 Strategic Plan, implemented on January 1, 2026, aims to exceed ¥20 billion in total sales by 2030, showcasing the company's ambition and determination in the global market.
- Accelerated Global Expansion: The plan emphasizes the acceleration of a
