China Automotive's Jingzhou Henglong Unit Awarded R-EPS Steering Order From European Automobile Manufacturer

MT Newswires Live

2025/05/21

China Automotive Systems (CAAS) said Wednesday its Jingzhou Henglong Auto Parts Manufacturing unit has been awarded its first R-EPS steering order from an unidentified European automobile manufacturer.

The mass production for the order, with annual sales of more than $100 million, is expected to start by 2027, the company said.

China Automotive's stock was up 3.7% in recent Wednesday premarket activity.

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