China Automotive Systems Stock (NASDAQ: CAAS)

China Automotive Systems (NASDAQ:CAAS) Stock

China Automotive Systems

China Automotive Systems Inc is a holding company. The firm through its subsidiary is a supplier of power steering systems and components to China's automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series, models of power steering including rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of its revenue from China.

China Automotive Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) shares are trading higher on Wednesday following the company&#8217;s announcement that it has begun mass production of its second-generation electro-hydraulic power steering <a target="_blank" href="https://www.benzinga.com/pressreleases/25/07/n46314166/china-automotive-systems-begins-mass-production-of-first-ircb-compatible-l2-assisted-driving-syste" rel="noreferrer noopener">system for heavy-duty vehicles</a>.
Developed by its subsidiary Shashi Jiulong, the intelligent system, known as iRCB, is the first in China to support L2+ assisted driving capabilities for commercial applications.
The company said the iRCB system combines hydraulic force with electronic control for precision steering and significant energy efficiency.
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After entering mass production earlier this year, the system exceeded expectations, leading to a surge in new orders in July and marking a record pace for product ramp-up in the power steering sector.
Headquartered in Hubei Province, China Automotive Systems supplies steering components through 16 joint ventures and subsidiaries, servicing major clients like BYD Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), and Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>).
The company has a production capacity exceeding 8 million units annually, covering steering gears, columns, and hoses for a variety of vehicle types.
Qizhou Wu, CEO of China Automotive Systems, noted the innovation behind the product, stating, &#8220;We continue to pioneer proprietary steering technologies that deliver cutting-edge solutions for our customers.&#8221;
Wu added that the new iRCB system is expected to contribute significantly to sales growth in 2025, backed by its performance and cost-efficiency.
China Automotive Systems completed the full lifecycle, from design to validation and production, of the iRCB system within just eight months. The company attributed this rapid development to its close collaboration with customers and focus on innovation.
According to internal estimates, the system can save up to 36,000 Chinese yuan (approximately $5,018.09) per vehicle per year, representing substantial operational cost reductions for fleet operators.
The new steering system represents a strategic move for China Automotive Systems as China continues to lead in autonomous and semi-autonomous vehicle technologies.
The iRCB&#8217;s integration of L2+ driver assistance functionality positions the firm to capture the growing demand for smart mobility solutions in both domestic and international markets.
Price Action: CAAS shares are trading higher by 4.17% to $4.250 at last check Wednesday.
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Why China Automotive Systems Stock Is Gaining On Wednesday

China Automotive Systems Begins Mass Production Of China's First iRCB-Compatible L2+ Electro-Hydraulic Steering System For Assisted Driving

<h3>Gainers</h3>
<ul>
<li>MKDWell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKDW#NASDAQ">MKDW</a>) shares increased by 15.2% to $0.27 during Thursday's pre-market session. The market value of their outstanding shares is at $33.8 million. </li>
<li>ZHONGCHAO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) shares rose 9.7% to $1.33. The market value of their outstanding shares is at $30.5 million. </li>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) stock moved upwards by 9.37% to $4.55. The company's market cap stands at $125.5 million. </li>
<li>Live Ventures (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIVE#NASDAQ">LIVE</a>) stock rose 7.81% to $9.11. The market value of their outstanding shares is at $25.9 million. </li>
<li>Birks Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BGI#AMEX">BGI</a>) shares increased by 6.7% to $0.95. The company's market cap stands at $17.0 million. </li>
<li>ECARX Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECX#NASDAQ">ECX</a>) shares moved upwards by 6.25% to $2.04. The company's market cap stands at $711.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Genius Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GNS#AMEX">GNS</a>) shares declined by 9.5% to $0.67 during Thursday's pre-market session. The market value of their outstanding shares is at $52.9 million. </li>
<li>EpicQuest Education Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) shares fell 9.18% to $0.45. The market value of their outstanding shares is at $6.5 million. </li>
<li>Hall Of Fame Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFV#NASDAQ">HOFV</a>) stock declined by 8.19% to $0.8. The company's market cap stands at $5.8 million. </li>
<li>Culp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CULP#NYSE">CULP</a>) shares fell 6.57% to $3.7. The company's market cap stands at $49.7 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Amesite (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMST#NASDAQ">AMST</a>) shares fell 4.9% to $2.52. The market value of their outstanding shares is at $12.1 million. </li>
<li>Grove Collaborative Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GROV#NYSE">GROV</a>) stock decreased by 4.35% to $1.1. The market value of their outstanding shares is at $46.2 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Contracts

China Automotive System Announced That Its Largest Subsidiary By Sales, Jingzhou Henglong Auto Parts Manufacturing Co., Ltd. Won Its First R-eps Product Order From A Large, Well-known European Automobile Producer

China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) affirms FY2025 sales outlook from $700.00 million to $700.00 million.

Guidance

China Automotive Systems Affirms FY2025 Sales Guidance of $700.00M

China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) reported quarterly earnings of $0.24 per share. This is a 11.11 percent decrease over earnings of $0.27 per share from the same period last year. The company reported $167.09 million in sales this quarter. This is a 19.87 percent increase over sales of $139.39 million the same period last year.

Earnings

China Automotive Systems Q1 EPS $0.24 Down From $0.27 YoY, Sales $167.09M Up From $139.39M YoY

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The Beachbody Company, Inc. Class A Common Stock

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Earnings Scheduled For May 14, 2025

Business Outlook
Management provides revenue guidance for the fiscal year 2025 of $700.0 million. &nbsp;This target is based on the Company's current views on operating and market conditions, which are subject to change.

China Automotive Systems Expects FY25 Revenue Of $700.00M Vs $650.94M YoY

China Automotive Systems Q4 2024 GAAP EPS $0.30 Down From $0.36 YoY, Sales $188.700M Up From $159.200M YoY

<h3>Companies Reporting Before The Bell</h3>
• Super League Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLE#NASDAQ">SLE</a>) is projected to report quarterly loss at $0.31 per share on revenue of $5.50 million. 
• Humacyte (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) is expected to report earnings for its fourth quarter. 
• AIM ImmunoTech (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AIM#AMEX">AIM</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $130.50 million. 
• SBC Medical Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBC#NASDAQ">SBC</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $56.85 million. 
• Katapult Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KPLT#NASDAQ">KPLT</a>) is likely to report quarterly loss at $1.09 per share on revenue of $62.35 million. 
• LiqTech Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIQT#NASDAQ">LIQT</a>) is estimated to report quarterly loss at $0.37 per share on revenue of $3.80 million. 
• Cheche Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) is expected to report earnings for its fourth quarter. 
• China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) is projected to report earnings for its fourth quarter. 
• So-Young Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SY#NASDAQ">SY</a>) is expected to report earnings for its fourth quarter. 
• ZSPACE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZSPC#NASDAQ">ZSPC</a>) is likely to report quarterly loss at $0.09 per share on revenue of $9.61 million. 
• ImmunoPrecise Antibodies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPA#NASDAQ">IPA</a>) is likely to report quarterly loss at $0.06 per share on revenue of $4.93 million. 
<h3>Companies Reporting After The Bell</h3>
• Xos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XOS#NASDAQ">XOS</a>) is likely to report quarterly loss at $1.24 per share on revenue of $17.79 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For March 28, 2025

For 2024, annual production and sales volume exceeded 5 million units, representing an 18.5% year-over-year growth.&nbsp;

China Automotive Systems Says Subsidiary Achieved Production And Sales Increase Of 35% YoY In Q4

<h3>Gainers</h3>
<ul>
<li>Vision Marine Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) stock increased by 50.0% to $2.28 during Friday's pre-market session. The market value of their outstanding shares is at $6.4 million. </li>
<li>Arhaus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARHS#NASDAQ">ARHS</a>) stock increased by 13.84% to $10.77. The company's market cap stands at $1.5 billion. </li>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) stock moved upwards by 12.12% to $4.44. The market value of their outstanding shares is at $134.0 million. </li>
<li>Wah Fu Education Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFU#NASDAQ">WAFU</a>) stock moved upwards by 9.7% to $1.83. The market value of their outstanding shares is at $8.1 million. </li>
<li>Jowell Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JWEL#NASDAQ">JWEL</a>) stock rose 8.27% to $3.28. The company's market cap stands at $7.1 million. </li>
<li>Amesite (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMST#NASDAQ">AMST</a>) stock rose 8.14% to $2.92. The market value of their outstanding shares is at $8.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Emerson Radio (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MSN#AMEX">MSN</a>) stock declined by 9.2% to $0.49 during Friday's pre-market session. The company's market cap stands at $10.3 million. </li>
<li>Faraday Future (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) stock decreased by 8.18% to $1.91. The market value of their outstanding shares is at $86.5 million. </li>
<li>ATA Creativity Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AACG#NASDAQ">AACG</a>) stock fell 8.08% to $0.9. The company's market cap stands at $28.3 million. </li>
<li>China Liberal Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) shares declined by 7.43% to $3.24. The market value of their outstanding shares is at $94.7 million. </li>
<li>MGO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) stock decreased by 7.05% to $0.52. The company's market cap stands at $2.3 million. </li>
<li>Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) stock fell 6.91% to $15.78. The market value of their outstanding shares is at $12.7 billion. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

Phil will retain and lead Acuitive Solutions as it continues to expand its expedited shipment routing and multi carrier parcel manifesting solutions for the retail and high fashion industries.

Cass Information Systems Acquires AcuAudit From Acuitive Solutions LLC; No Terms Disclosed

<h3>Gainers</h3>
<ul>
<li>MKDWell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKDW#NASDAQ">MKDW</a>) shares increased by 14.4% to $1.09 during Monday's pre-market session. The market value of their outstanding shares is at $18.2 million. </li>
<li>Mondee Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOND#NASDAQ">MOND</a>) shares increased by 13.92% to $1.31. The market value of their outstanding shares is at $114.5 million. As per the news, the Q3 earnings report came out today. </li>
<li>WeRide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) shares rose 8.75% to $18.89. The company's market cap stands at $5.1 billion. </li>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) shares rose 8.54% to $4.7. The market value of their outstanding shares is at $141.8 million. The company's, Q3 earnings came out 3 days ago. </li>
<li>Alta Global Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MMA#AMEX">MMA</a>) stock rose 8.37% to $1.94. The market value of their outstanding shares is at $20.3 million. </li>
<li>Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares rose 8.33% to $16.24. The company's market cap stands at $13.1 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Fly-E Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYE#NASDAQ">FLYE</a>) shares declined by 24.6% to $0.52 during Monday's pre-market session. The market value of their outstanding shares is at $12.7 million. </li>
<li>Jianzhi Education Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZ#NASDAQ">JZ</a>) stock decreased by 20.16% to $0.99. The market value of their outstanding shares is at $19.9 million. </li>
<li>Kandi Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNDI#NASDAQ">KNDI</a>) stock fell 10.4% to $1.12. The market value of their outstanding shares is at $97.8 million. As per the press release, Q3 earnings came out today. </li>
<li>SRIVARU Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) stock decreased by 9.88% to $0.02. The company's market cap stands at $9.2 million. </li>
<li>Luminar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>) shares fell 9.31% to $0.89. The market value of their outstanding shares is at $449.9 million. </li>
<li>RumbleON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBL#NASDAQ">RMBL</a>) shares fell 7.11% to $5.1. The company's market cap stands at $180.2 million. The company's, Q3 earnings came out 4 days ago. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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China Automotive Systems, Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its board of directors approved a share repurchase program of up to $5 million of its outstanding common shares periodically over the next 12 months. Repurchases will be made in open market transactions, at prevailing market prices not to exceed $5.50 per share through November 15, 2025, subject to applicable laws, regulations and approvals. The timing of the share repurchases will depend on a variety of factors, including market conditions. Members of the management team may make additional share purchases in addition to the Company repurchase.

Buybacks

China Automotive Systems Board Approved A Share Buyback Program Of Upto $5M Shares Over Next 12 Months

China Automotive Systems Raises FY24 Revenue Guidance From $605M To $630M

China Automotive Systems Q3 EPS $0.18 Down From $0.31 YoY, Sales $164.2M Up From $137.5M YoY

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