China Automotive Systems(CAAS) - 2024 Q3 - Quarterly Results

Exhibit 99.1 China Automotive Systems Reports Sales Increased by 19.4% in the Third Quarter of 2024 WUHAN, China, November 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 third quarter and nine months ended September 30, 2024. Third Quarter 2024 Highlights · Net sales rose 19.4% year-over-year to $164.2 million from $137.5 million in the third quarte ...