Accessibility StatementSkip Navigation WUHAN, China, Nov. 12, 2025 /PRNewswire/ -- 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, 2025. Third Quarter 2025 Highlights First Nine Months of 2025 Highlights Mr. Qizhou Wu, Chief Executive Officer of CAAS, commented, "We continued to grow our sales, gross profit, net ...

Core Viewpoint - China Automotive Systems, Inc. has successfully completed its redomiciliation merger to become a Cayman Islands company, which is expected to enhance its operational flexibility and market presence [1][2]. 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 [3]. - The company offers a comprehensive range of steering system parts for both passenger automobiles and commercial vehicles, with an annual production capacity exceeding 8 million sets of steering gears, columns, and hoses [3]. - Its customer base includes major automotive manufacturers such as China FAW Group, Dongfeng Auto Group, BYD Auto, Beiqi Foton Motor, Chery Automobile, Stellantis N.V., and Ford Motor Company [3]. Redomiciliation Details - As part of the redomiciliation merger, each outstanding share of the company's common stock was converted into the right to receive one ordinary share of the newly incorporated CAAS Cayman, which will continue to trade under the symbol "CAAS" on NASDAQ [2].

Core Points - China Automotive Systems, Inc. will hold a Special Meeting of Stockholders on September 10, 2025, at 9:00 AM local time in Wuhan, China [1] - A conference room will be available for US shareholders to participate via TEAMS connection on September 9, 2025, at 9:00 PM EDT [1] - The company is a leading supplier of power steering components and systems in China, operating through sixteen joint ventures and wholly owned subsidiaries [2] - China Automotive Systems has an annual production capacity of over 8 million sets of steering gears, columns, and hoses [2] - The customer base includes major automotive manufacturers in China and North America, such as China FAW Group, Dongfeng Auto Group, BYD Auto, Stellantis N.V., and Ford Motor Company [2]