Core Viewpoint - China Automotive Systems, Inc. (CAAS) has launched an active rear-wheel steering system through its subsidiary, Jingzhou Henglong, aimed at enhancing driving experience in upper mass-market vehicles, particularly in the new energy vehicle segment priced around RMB 200,000 [1][7]. Group 1: Product Innovation - The active rear-wheel steering system utilizes a ball screw and nut mechanism, integrating vehicle speed and steering wheel angle to control rear wheel steering [2]. - At speeds below 60 km/h, the rear wheels steer in the opposite direction to the front wheels, effectively reducing the turning radius [3]. - At speeds above 60 km/h, the rear wheels steer in the same direction as the front wheels, improving vehicle stability and handling during high-speed maneuvers [4]. Group 2: Production and Market Position - Jingzhou Henglong has established a dedicated production line for the active rear-wheel steering system and has developed systems for multiple OEM models, emphasizing flexible steering and vehicle stability [5]. - The company showcased its technologies at the 2025 Shanghai Auto Show, demonstrating performance and reliability, which garnered significant industry attention and fostered deeper relationships with mainstream OEMs [6]. Group 3: Market Context - China has become the world's largest electric vehicle market, with EVs constituting approximately 50% of all new automobile sales, positioning CAAS to enhance its Advanced Driver Assistance Systems (ADAS) capabilities [7]. - The innovative steering system employs two independent motors for precise control of the rear wheel steering angle, differentiating it from conventional systems [7]. Group 4: Company Overview - CAAS is a leading supplier of power steering components and systems in China, operating through sixteen joint ventures and wholly owned subsidiaries, with an annual production capacity exceeding 8 million sets of steering gears, columns, and hoses [8]. - The company's customer base includes major automotive manufacturers in China and North America, such as China FAW Group, Dongfeng Auto Group, BYD, and Stellantis [8].