China Automotive Systems (CAAS) has estimated its electric power steering set sales will reach about 150,000 units in 2011.
Sales in 2010 were about 40,000 units, the supplier said.
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It claims to have designed and produced the first domestic EPS products in China abd first shipments began in September 2009 to Suzuki with Changan Automobile Company also becoming a customer in mid-2010. Recent customers include Dongnan Motor, FAW Haima Automobile and Great Wall Motors.
The company last year formed a joint venture with the Beijing Hainachuan Auto Parts Cosubsidiary of Beijing Automobile Industrial Holdings (Beijing Auto) to design, develop and manufacture both hydraulic and electric power steering systems.
A new production facility for the JV is being completed with a design capacity for 300,000 units of hydraulic and 200,000 units of electric power steering systems plus parts.
CAAS is also building a new 120,000 sq m production plant in Wuhan to supplement its Jinzhou plant’s annual EPS production capacity of 200,000 units.
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By GlobalDataChairman Hanlin Chen said: “The increasing acceptance of our EPS products is another milestone in our path to become a leader in the large global steering market and demonstrates our growing R&D capabilities. EPS technology is environmentally safer and more fuel efficient than standard hydraulic units and we believe it will be a growth driver over the next few years.”
