Latest news with #ChinaAutomotiveSystems'
Yahoo
21-05-2025
- Automotive
- Yahoo
China Automotive Systems secures first European R-EPS order
China Automotive Systems' (CAAS) subsidiary Jingzhou Henglong has secured its first R-EPS product order from a prominent European automobile manufacturer, marking a significant advancement in the company's global expansion strategy. The order, valued at over $100m in annual sales, will cater to various models of the client's vehicles, with mass production slated to commence by 2027. CAAS said, rack assist type electric power steering (R-EPS) systems are increasingly becoming standard for mid-to-high-end vehicles due to their reliability, efficiency, and swift response. Jingzhou Henglong's increased R&D investment in R-EPS has led to technological breakthroughs in noise, vibration and harshness (NVH), steering quality, and other performance characteristics, the company said in a news release. The use of CAAS' proprietary ball screw in assembly ensures product quality while optimising costs. CAAS' in-house developed electronic control units have enhanced network security and functional safety, minimising the risk of hardware failure through improved algorithm control. These advancements have resulted in steering performance that meets or surpasses customer expectations. CAAS CEO Qizhou Wu said: "This first order from a major European automobile OEM further expands our global footprint and acknowledges the growing value of our high-technology EPS products. "We are expanding our R-EPS annual production capacity to reach 250,000 units in 2025 and is expected to exceed 1 million units by 2030 to meet the increasing demand by a number of automobile OEMs." CAAS, headquartered in Hubei Province, is a leading supplier of power steering components and systems in the Chinese automotive market. The company operates through 16 Sino-foreign joint ventures and wholly owned subsidiaries, offering a wide range of steering system parts for passenger and commercial vehicles. With an annual production capacity exceeding eight million sets, CAAS provides four distinct series of power steering gears, columns, and hoses. "China Automotive Systems secures first European R-EPS order" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
30-03-2025
- Automotive
- Yahoo
China Automotive Systems Full Year 2024 Earnings: EPS: US$0.99 (vs US$1.25 in FY 2023)
Revenue: US$650.9m (up 13% from FY 2023). Net income: US$30.0m (down 20% from FY 2023). Profit margin: 4.6% (down from 6.5% in FY 2023). The decrease in margin was driven by higher expenses. EPS: US$0.99 (down from US$1.25 in FY 2023). The end of cancer? These 15 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. All figures shown in the chart above are for the trailing 12 month (TTM) period China Automotive Systems shares are up 5.4% from a week ago. Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on China Automotive Systems' balance sheet. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
