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China Automotive Systems, Inc.

On November 16th, the company announced it has begun commercial production of steering gears to supply to Fiat Chrysler Automobiles’ (NYSE: FCAU or “FCA”) electric power steering (EPS) systems for a new C-SUV model set to launch in 2017. The Company has begun shipping these newly designed steering gears from its brand new, state-of-the-art, automated assembly plant located in Jingzhou, Hubei Province, China to FCA’s new C-SUV assembly plant in Toluca, Mexico. In the third quarter of 2016, net sa … (See Research Report)
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