China automotive systems purchases 40% of european vehicle technology leader and officially enters autonomous driving

Wuhan, china, june 9, 2021 /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 wholly owned subsidiary, hubei henglong automotive systems group co. ltd. ("henglong"), purchased a 40% interest in the issued share capital of sentient ab ("sentient"), a swedish automotive technology company specializing in software development and hardware design for advanced steering functions, vehicle motion control and autonomous driving.
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