China Automotive Systems Q3 electric power steering unit sales rise 40.1% to record 567,314
CAAS•China Automotive Systems’ third-quarter 2026 electric power steering sales rose 40.1% year over year to a record 567,314 units. The board authorized up to $5 million in share repurchases through November 10, 2027, at prices no higher than $5.50 per share.
1. Sales and repurchases
Third-quarter electric power steering unit sales rose 40.1% year over year to a record 567,314. Sales for the first nine months of 2026 reached a record 1,461,381 units, up 32.7% year over year. The board authorized repurchases of up to $5 million in outstanding common shares; open-market purchases may run through November 10, 2027, at prices not exceeding $5.50 per share.
