China Automotive Systems, Inc.

WUHAN, China, Oct. 9, 2026 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its wholly owned subsidiary, Hubei Henglong Automotive System Group ("Henglong"), has achieved fully redundant AP04 EPS platform evaluations conducted by UL, a third-party agency designated by an international client, and received the ISO 26262 ASIL-D functional safety product certificate for the AP04 EPS platform. The AP04 EPS platform is a next-generation electronic steering control platform developed by Henglong to meet the demands for high-safety steering and L3/L4-level autonomous driving.

China Automotive Systems is upgraded to BUY after strong 1H26 results and a compelling valuation at 1.2x EV/EBITDA versus peers at 5.6x. EPS segment drives margin expansion and profit growth, now 46.8% of sales, with robust demand from both domestic and overseas automakers. Management raised 2026 revenue guidance to $850 million, supported by new European contracts and a Mexico plant adding 1 million units of capacity.

China Automotive Systems, Inc. (NASDAQ: CAAS - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $4.43 and traded as high as $4.70. China Automotive Systems shares last traded at $4.56, with a volume of 30,205 shares

WUHAN, China, Aug. 17, 2026 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced it has added another national-level "Green Factory", marking a new milestone in its green manufacturing system development. The Ministry of Industry and Information Technology (MIIT) announced that Jingzhou Henglong Automotive Parts Manufacturing Co., Ltd.