China Automotive Systems to supply EPS systems to Great Wall Motors

Mar 8, 2019   Tier Suppliers

China Automotive Systems, Inc., a leading power steering components and systems supplier in China, announced that it has won a major exclusive supply contract from China's leading automaker Great Wall Motor Company Limited.

Great Wall has announced its plan to launch a new independent flagship all-electric small vehicle  brand, the ORA. With the roll-out of new vehicle brand, Great Wall will upgrade the steering systems in its new models from traditional hydraulic power steering to electric power steering ("EPS"). CAAS' EPS products will be installed in Great Wall's model ORA R150 and total shipments are expected toreach 150,000 units in 2019. 

 

Qizhou Wu, Chief Executive Officer of CAAS, commented, "With annual sales consistently over one million units, Great Wall has been the undisputed champion of sports utility vehicles in China for years. Their move to small urban electric vehicles speaks volumes of the market opportunities. Being lighter weight with improved maneuverability on different road conditions, EPS is a natural fit for electric vehicles."

 

"Since the establishment of the joint venture with our Japanese partner KYB, the mass production of our EPS products has accelerated in late 2018. With this milestone contract, we are looking to regain growth momentum and solidify our market position in the EPS space," added Wu.

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