China Automotive Systems Unveils Ambitious 2026-2030 Strategic Development Plan

In a significant move marking a new era for the company, China Automotive Systems, Inc. (NASDAQ: CAAS) has officially announced the launch of its strategic plan for the years 2026 to 2030. As a leading supplier of power steering components and systems in the automotive industry, CAAS's comprehensive plan focuses on three main pillars: global operational enhancement, technological innovation, and building high-quality operational systems.

This newly devised blueprint, known as the "Hubei Henglong Enterprise Group 2026-2030 Strategic Plan," has been meticulously developed through extensive research and deliberations, ultimately setting a clear direction for the group in the coming years. Implemented from January 1, 2026, this strategy marks a pivotal point in CAAS’s ambition to achieve high-quality growth in the automotive sector.

Strategic Goals and Vision for 2030

The strategic plan lays out the Group's vision for 2030, with an overarching goal focused on becoming a benchmark in global automotive intelligent steering systems. CAAS is committed to driving innovation through technology leadership and enhancing its global footprint. The company aims to exceed 20 billion yuan (approximately 3 billion USD) in total sales by 2030, illustrating its determination to thrive in competitive global markets.

CAAS's strategic objectives are encapsulated in the outline known as