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Stock impact report

China Automotive Systems Develops New Steering System for Chrysler Autonomous Vehicle Project

China Automotive Systems, Inc (CAAS)  More Company Research Source: PR Newswire
Last china automotive systems, inc earnings: 11/12 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: caasauto.com
PDF WUHAN, China, Dec. 19, 2018 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced it has begun a development program for a new recirculating-ball steering ("RCB") steering system ("i-RCB Program") in tandem with Chrysler's Autonomous Vehicle product development.Started in the fall of 2018, the i-RCB Program is currently in the Design Verification ("DV") test phase. The Company expects to begin mass production in August 2019 with annual sales of approximately 45,000 units. In addition to orders from Chrysler North America, the technology of i-RCB has significant other market opportunities in the Chinese domestic heavy-duty truck market. Intelligent hybrid power steering combines traditional RCB with electric power steering ("EPS") to monitor or control basic functions such as steering speed, active returning, independent steering, and emergency steering. In addition, in [Read more]
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