CAAS News & Events

China Automotive announced that the first batch of electric power steering, or EPS, models for a global automaker's European division has been shipped from the CAAS' factory. This EPS steering model will be featured in two new vehicle models in Europe, with more vehicle projects to follow. Annual sales volume is expected to reach approximately 300,000 units. Qizhou Wu, CEO of CAAS, commented, "We are proud of entering another major OEM's supply chain as we make strides in broadening our customer base and geographic reach. We remain laser-focused on pursuing our global mission of 'providing intelligent chassis system solutions for global automakers'. EPS products are one of our advanced steering products in an expanding product portfolio to meet the diverse needs of both passenger and commercial vehicles on a worldwide scale."

Jie Li, Chief Financial Officer of China Automotive, commented, "Our record sales and net profits generated much higher cash flow from operations and free cash flow in 2025. Cash and cash equivalents, pledged cash and short-term investments and long-term time deposit rose to $256.7 million at year end with net cash approaching $169.7 million. We look forward to reaping the savings, greater flexibility and benefits of our redomiciliation."

Reports Q4 revenue $229.2M vs. $188.7M last year. Qizhou Wu, CEO of China Automotive, commented, "The 2025 year was marked by higher sales growth, improved profitability, strengthened finances, higher cash flow from operations and organizational changes. Our traditional hydraulic steering products grew by 12.6% in 2025 as our more advanced electric power steering grew by 25.5%. Domestically, our steering product sales benefitted as Chinese branded vehicles continued to experience higher sales and capture more market share."

China Automotive announced that its subsidiary, Hyoseong Motion Mechatronics System, has entered the final commissioning stage of its new 115-platform steering motor production line. Developed to support the CAAS eRCB commercial vehicle program, mass production of this new motor is scheduled to begin mid-December 2025.