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Stock impact report

China Automotive Systems Receives SGS TÜV Certification

China Automotive Systems, Inc. (CAAS) 
Last china automotive systems, inc. earnings: 11/12 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: caasauto.com
Company Research Source: PR Newswire
WUHAN, China, July 12, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its wholly owned subsidiary, Hubei Henglong Automotive Systems Group Co. Ltd. ("Henglong"), received the SGS TÜV ISO26262:2018 ASIL-D certification.This certification demonstrated that Henglong has established the highest functional safety product development procedure by SGS TÜV, ASIL-D system, to meet all the requirements by the ISO26262:2018 standard. With increased complexity of vehicle systems, ISO26262:2018 provides a reliable safety standard guidance for the entire life cycle of a vehicle that encompasses management, development, production, sales, services and recycling. ISO26262:2018 mandates a thorough functional safety development procedure that covers product planning, design, production, assembly, testing, confirmation, and installation. Classifying both software systems Show less Read more
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