China Automotive Systems Provides Updates on Electric Motor Subsidiary
China Automotive Systems, Inc. (CAAS)
Last china automotive systems, inc. earnings: 11/12 06:00 am
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caasauto.com
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Source: PR Newswire
WUHAN, China, Dec. 10, 2019 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today provided an update on its electric motor subsidiary, Hyoseong (Wuhan) Motion Mechatronics System Co. Ltd. ("HMMS").Formed in December 2018, HMMS, a joint venture 51% owned by CAAS and 49% by South Korean-based Hyoseong Electric, is mainly engaged in designing, researching, developing and manufacturing best-in-class brushless electric motors for the automotive steering systems market. In 2019, HMMS successfully completed its phase one development plan of powerpack brushless motors to address the market for i-RCB, C-EPS and P/DP-EPS. In October 2019, three new South Korean-made highly automated production lines for stator, rotor and general assembly respectively, have been installed at the joint venture facility. As of December 2019, HMMS has also completed new product prototyping and testing. Start
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CAAS
Sec Filings
- 11/13/24 - Form 8-K
- 11/13/24 - Form 10-Q
- 9/25/24 - Form 8-K
- CAAS's page on the SEC website