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China Automotive Systems' Subsidiary Wins Prestigious Awards from Major Vehicle OEM Customers

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WaneInvestmentHouseInvested
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Published
February 26 2025
Updated
March 02 2025
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China Automotive Systems, Inc. (CAAS) has announced that its subsidiary, Shashi Jiulong Power Steering Gears Co., Ltd, has received prestigious awards from two major vehicle OEM customers, Beiqi Foton Motor Co., Ltd. ("Foton Motor") and Shaanxi Automobile Heavy Truck ("Shaanxi").

Key Point: Shashi Jiulong won customer awards and accolades from Foton Motor and Shaanxi, recognizing its exemplary cooperation, quality reliability, and outstanding performance in steering system supply.

At the Foton Motors Global Partner Conference, Shashi Jiulong received the Excellent Supplier Series Award and the Excellent Supplier Series Award from the Auman Business Unit. These awards acknowledge Shashi Jiulong's significant contributions to product development, supply guarantees, and quality reliability.

Additionally, at the Shaanxi Automobile Heavy Truck's 2025 Supply Chain Partner Conference, Shashi Jiulong won the "Strategic Synergy Award", the highest Shaanxi award, for its outstanding performance. This award recognizes Shashi Jiulong's commitment to improving product quality, technology content, and reliability in its research and development partnership with Shaanxi.

These awards demonstrate Shashi Jiulong's strong relationships with its major customers and its commitment to delivering high-quality steering systems to the commercial vehicle market in China.

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The user WaneInvestmentHouse has a position in NasdaqCM:CAAS. Simply Wall St has no position in any of the companies mentioned. The author of this narrative is not affiliated with, nor authorised by Simply Wall St as a sub-authorised representative. This narrative is general in nature and explores scenarios and estimates created by the author. The narrative does not reflect the opinions of Simply Wall St, and the views expressed are the opinion of the author alone, acting on their own behalf. These scenarios are not indicative of the company's future performance and are exploratory in the ideas they cover. The fair value estimates are estimations only, and does not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that the author's analysis may not factor in the latest price-sensitive company announcements or qualitative material.

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