CHINA AUTOMOTIVE SYSTEMS INC/2 (CAAS) Company Report

China Automotive Systems, Inc. reported a 77.8% year-over-year increase in diluted earnings per share to $0.32 and a 17.7% rise in net sales to $193.2 million for the third quarter of 2025.
For the first nine months of 2025, net sales grew 16.1% to $536.5 million, and diluted EPS increased 17.4% to $0.81.
The company raised its full fiscal year 2025 revenue guidance to $730.0 million.
International sales were robust in Q3 2025, with North American sales increasing 77.3% and sales in Brazil growing 30.5% year-over-year. The company also secured a new R-EPS product order from a European automaker, projected to generate over $100 million in annual sales starting by 2027.
As of September 30, 2025, cash, cash equivalents, and short-term investments stood at $167.3 million.

Nov 12, 2025, 11:08 AM

China Automotive Systems Reports Strong Q3 2025 Results and Raises Full-Year Guidance

CAAS

Earnings

Guidance Update

Revenue Acceleration/Inflection

China Automotive Systems (CAAS) reported net sales of $193.2 million for the third quarter of 2025, a 17.7% increase year-over-year, with diluted earnings per share (EPS) rising 77.8% to $0.32.
For the first nine months of 2025, net sales grew 16.1% year-over-year to $536.5 million, and diluted EPS increased 17.4% to $0.81.
The company raised its revenue guidance for the full fiscal year 2025 to $730.0 million.
International sales were a significant growth driver, with North American sales climbing 77.3% and sales in Brazil growing 30.5% year-over-year in Q3 2025.
CAAS secured a new R-EPS product order from a European automaker, with annual sales expected to exceed $100 million starting by 2027, and launched active rear-wheel steering.

Nov 12, 2025, 11:00 AM

China Automotive Systems' Subsidiary Hubei Henglong Signs Strategic Cooperation MoU with KYB-UMW in Malaysia

CAAS

New Projects/Investments

Revenue Acceleration/Inflection

China Automotive Systems' (CAAS) subsidiary, Hubei Henglong Automotive Systems Group Co., Ltd., has signed a strategic cooperation memorandum of understanding (MoU) with KYB-UMW Sdn Bhd in Malaysia.
This collaboration involves technology transfer, collaborative production, and joint future planning to locally produce key automotive components such as electric power steering (EPS) systems and mechanical steering gears (MSG).
The partnership aims to supply products initially to Perodua, Malaysia's largest car manufacturer, and will jointly explore further opportunities in the OEM and aftermarket sectors across the broader ASEAN region.
KYB-UMW's new advanced manufacturing plant (SP25), expected to be completed in December 2025 and operational in 2026, will be dedicated to producing steering system products, including those utilizing Hubei Henglong technology.

Nov 3, 2025, 11:00 AM

CAAS Introduces Rear-Wheel Active Steering Technology for Mass-Market EVs

CAAS

Product Launch

New Projects/Investments

China Automotive Systems (CAAS), through its subsidiary Jingzhou Henglong, has launched active rear-wheel steering technology for the upper mass-market new energy vehicle (NEV) segment in China.
This advanced steering system, previously reserved for luxury cars, is now being adopted by Chinese domestic NEVs priced around RMB 200,000.
The technology enhances vehicle stability and handling precision at speeds over 60 km/h and reduces turning radius at speeds below 60 km/h, utilizing two independent motors for precise rear-wheel control.
CAAS CEO, Mr. Qizhou Wu, highlighted that this system expands the company's ADAS capabilities in China's EV market, where EVs comprise approximately 50% of new automobile sales.

Oct 21, 2025, 10:00 AM

China Automotive Systems Completes Redomicile Merger

CAAS

M&A

Proxy Vote Outcomes

China Automotive Systems, Inc. (CAAS) stockholders approved a Redomicile Merger at a Special Meeting held on September 10, 2025.
The merger involves CAAS merging with its wholly-owned subsidiary, China Automotive Systems Holdings, Inc. (CAAS Cayman), with CAAS Cayman as the surviving company.
The Redomicile Merger was completed on September 11, 2025.
Each issued and outstanding share of CAAS common stock was converted into one ordinary share of CAAS Cayman, which will continue to be listed on NASDAQ under the symbol "CAAS".

Sep 11, 2025, 8:51 PM

CAAS Completes Redomiciliation Merger

CAAS

M&A

China Automotive Systems, Inc. (CAAS) completed a redomiciliation merger on September 11, 2025, becoming a Cayman Islands company.
Pursuant to the merger, each outstanding share of the Company's common stock was converted into one ordinary share of China Automotive Systems, Inc., a Cayman Islands company (CAAS Cayman).
The ordinary shares of CAAS Cayman will be listed on the NASDAQ Capital Market under the trading symbol "CAAS", the same symbol used previously.

Sep 11, 2025, 8:50 PM