Profile: China Automotive Systems Inc (CAAS.OQ)
6 Dec 2013
China Automotive Systems, Inc. (China Automotive), incorporated on June 29, 1999, is a holding company. The Company is engaged in the manufacture and sale of automotive systems and components. The Company conducts its businesses through its wholly owned subsidiaries which include Great Genesis Holdings Limited (Genesis), Henglong USA Corporation (Henglong), as well as through eight Sino-foreign joint ventures in China, Henglong, Jiulong, Shenyang, Zhejiang, USAI, Wuhu and Jielong and a wholly owned subsidiary in China, Hengsheng.
Henglong is engaged in the production of rack and pinion power steering gear for cars and light duty vehicles. Jiulong is engaged in the production of integral power steering gear for heavy-duty vehicles. Shenyang focuses on power steering parts for light duty vehicles. Zhejiang focuses on power steering pumps. USAI is engaged in the production and sales of sensor modules. Wuhu is engaged in the production and sales of automobile steering systems. Jielong is engaged in the production and sales of electric power steering gear, (EPS). Genesis’s wholly owned subsidiary Hengsheng, is engaged in the production and sales of automotive steering systems. The Company’s Testing Center is engaged in the research and development of new products.
The Company’s 10 largest customers represented 72% of the Company’s total sales for the year ended December 31, 2011. The Company primarily sells its products to original equipment manufacturing (OEM).
The Company competes with Shanghai ZF and First Auto FKS (FKS).
China Automotive Systems Inc
Yu Qiao Development Zone, Shashi
JINGZHOU HUB 434000