WUHAN, China, Jan. 24, 2025 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ('CAAS' or the 'Company'), a leading power steering components and systems supplier in China, today announced that its largest subsidiary by sales, Jingzhou Henglong Auto Parts Manufacturing Co., Ltd. ('Jingzhou Henglong'), achieved a production and sales increase of 35% year-over-year in the fourth quarter of 2024, and reached a new single monthly record high sales and production in December 2024 of more than 620,000 units, a 46.7% year-over-year increase. For 2024, annual production and sales volume exceeded 5 million units, representing an 18.5% year-over-year growth.