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China Automotive Systems Expands Green Factory Initiative

China Automotive Systems, Inc. (NASDAQ: CAAS), a premier supplier of power steering components in China, is making significant strides in sustainable manufacturing by launching another national 'Green Factory'. This initiative was celebrated recently when the Ministry of Industry and Information Technology (MIIT) recognized Jingzhou Henglong Automotive Parts Manufacturing Co., Ltd., a subsidiary of CAAS, as a national-level 'Green Factory' for 2025. This accolade not only marks an important achievement for the company but also reinforces its commitment to environmentally friendly practices in industrial operations.

With the addition of Jingzhou Henglong, CAAS is proud to have two facilities honored as national 'Green Factories'. This dual recognition highlights the company’s effective green transformation strategies, showcasing it as a benchmark for other regional manufacturing enterprises aiming for sustainability.

Jingzhou Henglong’s recent recognition comes alongside its successful integration into the national lists for 'Green Factories' and 'Green Industrial Parks'. This emphasizes the company’s profound accomplishments in energy conservation, emission reduction, and adherence to stringent environmental standards.

In December 2023, CAAS's other facility, the Hubei Henglong Automotive Systems Group Co., Ltd.'s Dongfang Avenue plant, received the same prestigious recognition. Together, these two awards underscore the progress made by the Henglong Group in its journey toward comprehensive green practices in all aspects of production.

The success of these initiatives has been greatly influenced by the Henglong Group's rigorous application of the objectives outlined in China’s '14th Five-Year Plan for Industrial Green Development.' The corporation is actively engaged in several major energy conservation and emission reduction projects. Among these initiatives, notable projects include retrofitting its digital workshops, launching an 8MW rooftop photovoltaic power project, implementing a system for recovering waste heat from air compressors, and recycling treated wastewater. Each project not only leads to remarkable energy savings but also enhances operational efficiency significantly, serving as a scalable model for other manufacturing firms looking to reduce their environmental impact.

Mr. Qizhou Wu, CEO of CAAS, stated that this recognition is attributed to the multiple years of commitment to a sustainable development strategy. He believes that achieving dual national-level benchmarks for 'Green Factories' is a new chapter in their commitment to green systems. Wu emphasized the company's ambition to leverage these exemplary facilities in driving green retrofitting and low-carbon upgrades across its other subsidiaries. This approach aims to amplify energy conservation efforts and contribute meaningfully to national goals of carbon peaking and neutrality.

As a pivotal player in the automotive industry, China Automotive Systems is committed to manufacturing steering components that meet both performance and ecological standards. The company operates through a combination of joint ventures and wholly-owned subsidiaries, delivering a comprehensive range of parts for various types of vehicles—from passenger cars to commercial trucks. Their annual production capacity exceeds 8 million sets of steering gears, columns, and hoses. Noteworthy partners include leading automobile manufacturers across China and other global markets.

In a world increasingly sensitive to ecological concerns, CAAS's pursuit of sustainability sets a positive example within the automotive industry and demonstrates the potential for significant progress through concerted efforts in green manufacturing.

For further insights on CAAS's operations and future initiatives, visit CAAS official website.