CAAS Unveils Strategic Plan to Lead Global Automotive Steering by 2030

China Automotive Systems Sets Ambitious Global Goals with New Strategic Plan

China Automotive Systems, Inc. (NASDAQ: CAAS) announces the launch of the "Hubei Henglong Enterprise Group 2026-2030 Strategic Plan," effective January 1, 2026. This strategic initiative aims to position the Group as a leader in global automotive intelligent steering systems by 2030. The plan is built on extensive research and discussion and outlines a clear roadmap for high-quality development over the next five years. Central to this vision is the commitment to technology leadership and the deepening of its global presence, with a target of exceeding total sales of 20 billion yuan by 2030.

The "23144" framework is the cornerstone of the strategic plan, comprising three main pillars that will guide the Group's operations. The first pillar focuses on enhancing global operations through the establishment of a "China + N" manufacturing and supply chain network. This initiative aims to create a strong presence in key markets such as North America, South America, Europe, and Southeast Asia, thereby positioning CAAS to effectively respond to growing international demand. By leveraging local manufacturing capabilities and establishing strategic partnerships, the Group seeks to streamline operations and reduce costs, ultimately enhancing its competitiveness in the global market.

The second pillar emphasizes strengthening technological leadership by significantly increasing research and development investments. CAAS aims to innovate in cutting-edge technologies, including steer-by-wire and rear-wheel steering systems, to meet the evolving needs of the automotive industry. The third pillar revolves around building exceptional manufacturing systems centered on a "zero-defect" quality culture and automated processes. This commitment to quality is crucial, as CAAS aims to set new standards in manufacturing excellence, ultimately ensuring the reliability and performance of its automotive components.

In addition to these strategic goals, CEO Qizhou Wu highlights the Group's mission to enhance the influence of Chinese manufacturing within the global supply chain. By embarking on this ambitious strategic plan, the Hubei Henglong Enterprise Group, which includes CAAS and its affiliates, demonstrates a robust commitment to operational excellence and innovation, positioning itself for long-term success in the competitive automotive landscape.

As China Automotive Systems moves forward with its strategic vision, the company reaffirms its dedication to quality and innovation, paving the way for a transformative era in the automotive steering systems market. The ambitious goals outlined in the strategic plan not only reflect the Group’s aspirations but also signify a broader trend towards advanced manufacturing practices within the automotive industry in China.