logo
  

China Automotive Systems Sees Sales Of Over 200,000 Steering Units For Chinese EV Vehicles In 2021

China Automotive Systems, Inc. (CAAS) said it shipped approximately 120,000 units from its portfolio of electric power steering products for use in Chinese electric vehicles during 2020. Given the sales momentum, the company anticipates to sell over 140,000 steering units for use in Chinese EV models in 2020 and to reach approximately 200,000 units in 2021.

Hanlin Chen, chairman of CAAS, said, "These sales continue our long trend of providing advanced steering products to the largest automobile manufacturers in China. We have shipped a large number of our EPS steering products to Great Wall Motors for their new EV model in 2020, and will continue to ship to them in 2021."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Pittsburgh, Pennsylvania -based Thorley Industries, LLC, d.b.a. 4Moms is recalling more than 2 million MamaRoo swings and RockaRoo rockers citing entanglement and strangulation risks, the U.S. Consumer Product Safety Commission said. The recall was initiated after 4moms received two reports of entanglement incidents, including one death. Retail giant Walmart is partnering with media major Paramount Global to offer Paramount+ Essential subscription to Walmart+ members at no extra cost. Starting in September, Walmart+ members will be able to stream premium entertainment as part of their membership with Paramount+, a direct-to-consumer digital subscription video on-demand and live streaming service. Fifth Season is recalling a limited amount of its branded Crunchy Sesame Salad Kits due to undeclared milk and egg, known allergens, the U.S. Food and Drug Administration said. The recall involves Fifth Season branded Crunchy Sesame Salad Kit with UPC Code: 52070008147 and Best By Date of 16-AUG-2022 and 15-AUG-2022.
Follow RTT