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].

A special meeting of stockholders will be held on Wednesday, September 10, 2025, at 9:00 AM local time or 9:00 PM EDT on Tuesday, September 9, 2025WUHAN, China, Sept. 2, 2025 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that a Special Meeting of Stockholders of China Automotive Systems, Inc. will be held on September 10, 2025 (Wednesday) at 9:00 am at the Second Floor Meeting Room, ...