China Automotive Systems Signs Supply Contract with Scania to develop eRCB steering systems for Scania’s trucks and buses

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Leading Chinese power steering components and systems supplier China Automotive Systems announced on Tuesday, January 25, that it has entered into an agreement with Scania AB to develop eRCB steering systems for Scania's trucks and buses.

Built upon CAAS' proprietary technology and innovative knowledge coupled with CAAS' advanced driver-assistance systems ("ADAS") L4 platform, named AP04, this eRCB steering system is a fully electric intelligent steering system for light- and medium-duty truck and heavy-duty commercial vehicles. This eRCB steering system features an innovative twin electric motor structure with high output torque. CAAS' proprietary AP04 driver-assist system enables vehicles to execute level-4 autonomous driving with a superior level of functionality, safety and network security.

The eRCB steering system is expected to become the world's first mass-produced fully electric intelligent power steering system for commercial vehicles, which bolsters CAAS' status as a premier Tier-1 supplier to global commercial vehicle OEMs.

Mr. Qizhou Wu, chief executive officer of CAAS, commented, "We are excited to add another global OEM to our customer list and reach another major milestone as we continue to drive our international growth through continued innovation and superior quality. Due to the heavy payloads and tough road conditions, the commercial vehicle market is still dominated by traditional hydraulic steering systems, which presents a unique opportunity for our new product which is more environmentally friendly and driver friendly."

About China Automotive Systems, Inc.

Based in Hubei Province, the People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through ten Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 6 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Fiat Chrysler Automobiles (FCA) and Ford Motor Company in North America. For more information, please visit: http://www.caasauto.com.


China Automotive Systems, Inc
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