China Automotive Systems(CAAS) - 2024 Q2 - Quarterly Results

Exhibit 99.1 China Automotive Systems Reports Income From Operations Increased by 38.7% in the Second Quarter of 2024 WUHAN, China, August 13, 2024 -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2024. Second Quarter 2024 Highlights · Net sales rose 15.4% year-over-year to $158.6 million from $137.4 million in the ...