China Automotive Systems awarded contract for South American electric power steering project.
ByAinvest
Wednesday, Dec 17, 2025 6:05 am ET1min read
CAAS--
• China Automotive Systems awarded contract for electric power steering systems • First large-scale entry into South American automotive supply chain • Collaboration with leading South American-based automotive manufacturer • Vehicle platform covers several passenger vehicle models • Planned annual sales volume of over 300,000 units • Mass production expected in early 2028 • Hubei Henglong Automotive System Group's C-EPS project • Marks key achievement in CAAS' international expansion strategy
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