Core Viewpoint - China Automotive Systems, Inc. (CAAS) has finalized and implemented the "Hubei Henglong Enterprise Group 2026-2030 Strategic Plan," marking the beginning of a new phase of high-quality development aimed at achieving significant sales growth and global presence by 2030 [1][2][3]. Strategic Goals - The strategic plan outlines the Group's vision for 2030, focusing on "technology leadership" and "deepening global presence," with the goal of becoming a benchmark enterprise in global automotive intelligent steering systems [3]. - The overall strategic objectives for 2026-2030 are defined as "23144," aiming to exceed 20 billion yuan in total sales (including VAT) by 2030, demonstrating the Group's ambition in global markets [3]. Strategic Pillars - **Deepening Global Operations**: The plan emphasizes the construction of a "China + N" global manufacturing and supply chain network, enhancing local presence in key markets such as North America, South America, Europe, and Southeast Asia [4]. - **Strengthening Technological Leadership**: Increased R&D investment will focus on cutting-edge technologies like steer-by-wire and rear-wheel steering, while also expanding into other areas such as braking to achieve breakthroughs in intelligent chassis [5]. - **Building Exceptional Systems**: The plan aims to establish a "zero-defect" quality culture and implement lean, automated manufacturing systems to support the Group's strategic sales goals by 2030 [6]. Company Overview - China Automotive Systems, Inc. is a leading supplier of power steering components and systems in China, operating through sixteen Sino-foreign joint ventures and wholly owned subsidiaries, with an annual production capacity exceeding 8 million sets of steering gears, columns, and hoses [8].