China Automotive Systems Announces Subsidiary's Annual Sales Milestone of 5 Million Units and New Driver Assist Products in Mass Production
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China Automotive Systems, Inc. (NASDAQ: CAAS) announced that its subsidiary, Jingzhou Henglong Auto Parts Manufacturing Co., Ltd., achieved a significant sales milestone of 5 million units annually and introduced new driver assist products in mass production. The subsidiary saw a 35% year-over-year increase in production and sales in Q4 2024, with a record high in December 2024.
January 24, 2025 | 11:15 am
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China Automotive Systems' subsidiary achieved a 35% YoY increase in Q4 2024 sales and production, reaching a milestone of 5 million units annually. New driver assist products are now in mass production.
The significant increase in sales and production, along with the introduction of new products, suggests strong operational performance and potential revenue growth for CAAS. This positive development is likely to boost investor confidence and drive the stock price up in the short term.
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