China automotive systems announces subsidiary's annual sales milestone of 5 million units and new driver assist products in mass production

Wuhan, china , jan. 24, 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 its largest  subsidiary by sales, jingzhou henglong auto parts manufacturing co., ltd. ("jingzhou henglong"), achieved a  production and sales increase of 35% year-over-year in the fourth quarter of 2024, and reached a new single monthly record high sales and production in december 2024 of more than 620,000 units, a 46.7% year-over-year increase.
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