China Automotive Systems Reports Record Electric Power Steering Sales

China Automotive Systems, Inc. reported record electric power steering (EPS) unit sales for the third quarter and the first nine months of 2026. The company sold 567,314 EPS units in the third quarter, representing a 40.1% increase over the same period in 2025. Total sales for the first nine months reached 1,461,381 units, a 32.7% year-over-year increase.

Growth was primarily driven by the company's subsidiaries. The Wuhu subsidiary recorded a 138.6% quarterly increase in sales, while Henglong KYB grew by 33.1%.

In addition to the sales growth, the company's board of directors approved a share repurchase program. The authorization allows for the purchase of up to $5 million of outstanding common shares over the next 12 months. The program includes a price cap of $5.50 per share and remains active through November 10, 2027.