China Automotive Systems


All the very latest information about China Automotive Systems in one place. The latest China Automotive Systems business news, analysis, comment and interviews, all from our automotive industry experts at just-auto.

Latest insights


Geneva show world debuts review: part two

8 March 2013

Having peered under concepts to check for real engines and suspension systems, and gently interrogated multiple industry executives in the quest to slake readers' insatiable thirsts for knowledge, Glenn Brooks now reports his findings.


Nexteer viewpoint

30 November 2010

GM’s completed sale of Nexteer to Pacific Century Motors (PCM) marks the start of a new chapter for a 104 year old supplier once known as Saginaw Steering Gear. As part of the deal, PCM will leave Nexteer’s existing management team in place and headquartered in Saginaw, Michigan.

Latest news


just-auto Plus only CAAS to supply EPS for FCA's all-new C-SUV

18 November 2016

China Automotive Systems,(CAAS or the company), a leading power steering components and systems supplier in China, on 16 November, 2016, announced it has begun commercial production of steering gears to supply to Fiat Chrysler Automobiles' (FCA) electric...


China Automotive Systems sees growth

10 November 2016

Power steering maker China Automotive Systems said Q3 sales increased 4.2% to $94.6m, compared to $90.8m in the third quarter of 2015.


just-auto Plus only China Automotive Q2 2016 global sales down 7.5%

12 August 2016

China Automotive Systems, a leading power steering components and systems supplier in China, on 11 August 2016, announced its unaudited financial results for the second quarter and six months ended 30 June 2016. Second quarter 2016 highlights Net sales...


China Automotive Q1 net income down to US$5.7m

13 May 2016

China Automotive Systems (CAAS) has unveiled first quarter net income down from US$8.5m to US$5.7m, while net sales fell 5.5% to US$116.9m.


just-auto Plus only CHINA: China Automotive Systems’ net income down 45.41% to US$4.38m in Q3/2015

13 November 2015

China Automotive Systems' net product sales for the third quarter ended 30 September 2015 were down 10.70% to $90.85m compared with $101.74m in the year ago period. Income from operations for the period fell 43.79% to $4.95m compared with $8.81m. The company's...


China Automotive Systems’ sales down 5.46% in Q2

14 August 2015

China Automotive Systems' net sales for the second quarter ended 30 June 2015 was down -5.46%to US$109.2m compared with $115.5m in the same period year ago.


China Automotive Systems net profit up in 2014

27 March 2015

China Automotive Systems' net sales for full year 2014 were up 56.47% to US$11.82m compared with $7.56m in 2013.


China Automotive starts building Brazil plant

1 December 2014

China Automotive Systems has begun construction of the first stage of a factory in Sao Paulo, Brazil which will assemble steering units sold to South American automakers.


just-auto Plus only CHINA: China Automotive Systems’ net sales up 11.9% to US$101.7m in Q3/2014

13 November 2014

China Automotive Systems' net sales for the third quarter ended 30 September 2014 was up 11.9% to US$101.7m compared with $90.9m in the same period year ago. Income from operation of the firm was down 19.7% to $8.80m compared with $11m. Income before income...


just-auto Plus only CHINA: China Automotive Systems’ net sales up 18% to US$115.5m in Q2/2014

14 August 2014

China Automotive Systems' net sales for the second quarter ended 30 June 2014 was up 18% to US$115.5m compared with $97.9m in the same period year ago. Income from operations of the firm increased to $16.5m compared with $7.81m. Income before income tax...


CAAS acquires shares in subsidiaries

11 August 2014

China Automotive Systems (CAAS), a power steering components and systems supplier in China, has announced that it has entered into a Stock Exchange Agreement to acquire the remaining 20.0% minority interest in Jingzhou Henglong Automotive Parts Co., Ltd. ("Jingzhou Henglong"), and the remaining 19.0% minority interest in Shashi Jiulong Power Steering Gear Co., Ltd. ("Shashi Jiulong"), from Jiulong Machinery Electricity Manufacturing Co., Ltd. ("Jiulong Machinery Electricity").


just-auto Plus only CHINA: China Automotive Systems acquires 51% equity control position in Fujian Qiaolong

20 May 2014

China Automotive Systems has entered into an agreement to acquire a 51.0% equity control position in Fujian Qiaolong Special Purpose Vehicle (Fujian Qiaolong). Hanlin Chen, chairman of China Automotive Systems said, "Special service vehicles are a growing...


just-auto Plus only CHINA: China Automotive Systems’ sales grew 17.64% to US$114.3m in Q1/2014

15 May 2014

China Automotive Systems has reported growth of 17.64% in net sales to US$114.31m in the first quarter of 2014 compared with $97.16m in the same period of 2013. Income from operations was $9.77m compared with $9.35m, representing growth of 4.55%. Net income...


just-auto Plus only CHINA: China Automotive Systems’ Q4 net sales up 27.3% to US129.2m in 2013

1 April 2014

China Automotive Systems net sales increased by 27.3% to a fourth-quarter record high of US$129.2m, compared to $101.5m in the fourth quarter of 2012. Income from operations was $8.6m, compared to $7.4m in the fourth quarter of 2012. Net income attributable to...


just-auto Plus only CHINA: China Automotive Systems Q3 net income increases to US$8.62m

25 November 2013

China Automotive Systems net product sales for third quarter ended 30 September was up 24.23% to US$90.92m compared with $73.18m in 2012. Its income from operations for the period doubled to $10.97m compared with $5.46m in the corresponding period in 2012. Its...


just-auto Plus only CHINA: China Automotive Systems Q2 net income down 56.5% to US$6.2m

19 August 2013

China Automotive Systems (CAAS) net sales increased by 21.8% to a second quarter record of US$97.9m, compared to $80.4m in the second quarter of 2012. Income from operations was down 9.3% to $7.8m, compared to $8.6m in the second quarter of 2012. Income before...


just-auto Plus only CHINA: China Automotive Systems wins supplier award from Chrysler

21 June 2013

China Automotive Systems has announced that it won the Chrysler 2013 Supplier of the Year Metallic award at the 2013 Annual Strategy Meeting and Supplier awards ceremony on 5 June 2013 at The Palace of Auburn Hills. China Automotive Systems was the sole...


just-auto Plus only CHINA: China Automotive Systems’s Q1 operating income rises 47.6% to US$9.3m

14 May 2013

China Automotive Systems's net sales increased by 20.1% in the first quarter of 2013, to US$97.2m, compared to $80.9m in the same quarter of 2012. The net sales increase was mainly due to significant sales to SGMW and an increase in sales to Brilliance Auto,...


China Automotive Systems wins big contract

2 May 2013

China Automotive Systems, Inc. has announced that its subsidiary, Jingzhou Henglong Automotive Parts Co., Ltd., has entered into a multi-year agreement to supply the SAIC-GM-Wuling (SGMW) joint venture with its rack and pinion power steering systems.


CAS sales up, profits down

27 March 2013

Power steering specialist China Automotive Systems boosted Q4 2012 sales 7.5% to US$101.5m but gross profit dipped to $17.2m, compared to $18.3m in the fourth quarter of 2011; gross margin was 16.9% versus 19.4%.


just-auto Plus only CHINA: China Automotive Systems’s full year operating income falls 10.6% to US$27.8m

27 March 2013

China Automotive Systems net sales increased by 7.5% to US$101.5m in the fourth quarter of 2012, compared to $94.4m in the same quarter of 2011. The net sales increase was mainly due to a rise in international sales to a customer in North America, an...


just-auto Plus only CHINA: China Automotive Systems gets supplier award from Chrysler

30 January 2013

China Automotive Systems has announced that it has received the 2012 Chrysler China Regional Excellent Supplier award at the Chrysler Excellent Supplier award Conference in Xiamen, China. CAAS also received Chrysler's second place award for 2012 in the Global...


just-auto Plus only CHINA: China Automotive Systems’s Jingzhou Henglong lab gets accreditation from CNAS

28 January 2013

China Automotive Systems has announced that the company's Jingzhou Henglong Automotive Technology (Test) Centre Laboratory recently received its national accreditation from the China National Accreditation Service (CNAS), making it the only such approved lab...


just-auto Plus only CHINA: CAAS subsidiary bags "National Excellent Supplier of Steering Systems"

24 January 2013

China Automotive Systems (CAAS) has announced that at the ninth National Top 100 Excellent Auto Parts Suppliers awards in Beijing, CAAS's subsidiary, Hubei Henglong, was named as the "National Excellent Supplier of Steering Systems" in China by the China...


just-auto Plus only CHINA: Auto Shanghai 2013 to be held from 21-29 April

9 January 2013

The fifteenth Shanghai International Automobile Industry Exhibition (Auto Shanghai 2013) will be held at the Shanghai New International Expo Centre from 21 to 29 April 2013. With the theme of "Innovation for Better Life", the show is expected to prove China's...


just-auto Plus only CHINA: CAAS posts 62% decline in Q3 net income

9 November 2012

China Automotive Systems (CAAS) today (8 November) announced financial results for the third quarter and the nine months ended 30 September 2012. Third Quarter 2012 Highlights Net sales increased by 3.2% to US$73.2m, compared to $70.9m in the third quarter...


just-auto Plus only CHINA: CAS announces share repurchase programme of up to US$5m

29 August 2012

China Automotive Systems (CAS) today (28 August) announced that its board of directors approved a share repurchase program of up to US$5m of its outstanding common shares periodically over the next 12 months. Repurchases will be made in open market...


CAAS boosts Q2 sales as H1 profits fall

9 August 2012

Power steering components and systems supplier China Automotive Systems (CAAS) on Thursday said second quarter 2012 gross profit increased 13.0% year on year to US$15.6m while gross margin rose to 19.4% from 17.7% and operating margin was 10.7% compared with 9.2%.


just-auto Plus only CHINA: China Automotive sells Zhejiang Pump Manufacturing to Zhejiang Vie group

24 May 2012

China Automotive Systems announced that its wholly owned subsidiary, Great Genesis has entered into a definitive agreement to sell its equity interest in Zhejiang Henglong & Vie Pump Manufacturing, to the Zhejiang Vie Group which is Great Genesis's joint...


just-auto Plus only CHINA: China Automotive Systems appoints Arthur Wong to board of directors

16 May 2012

China Automotive Systems announced that Arthur Wong was appointed to the board of directors of the company on 15 May 2012, where he will serve as chairman of the audit committee of the Board and as a member of the nominating and compensation committees of the...

China Automotive Systems news

just-auto Plus only CAAS to supply EPS for FCA's all-new C-SUV

18 November 2016

China Automotive Systems,(CAAS or the company), a leading power steering components and systems s...


China Automotive Systems sees growth

10 November 2016

Power steering maker China Automotive Systems said Q3 sales increased 4.2% to $94.6m, compared to...


just-auto Plus only China Automotive Q2 2016 global sales down 7.5%

12 August 2016

China Automotive Systems, a leading power steering components and systems supplier in China, on 1...


China Automotive Q1 net income down to US$5.7m

13 May 2016

China Automotive Systems (CAAS) has unveiled first quarter net income down from US$8.5m to US$5.7...


just-auto Plus only CHINA: China Automotive Systems’ net income down 45.41% to US$4.38m in Q3/2015

13 November 2015

China Automotive Systems' net product sales for the third quarter ended 30 September 2015 were...


China Automotive Systems’ sales down 5.46% in Q2

14 August 2015

China Automotive Systems' net sales for the second quarter ended 30 June 2015 was down -5.46%to U...



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