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China Automotive Systems(CAAS) - 2025 Q1 - Quarterly Results

Exhibit 99.1 China Automotive Systems Reports 19.9% Increase in Net Sales in First Quarter of 2025 WUHAN, China, May 14, 2025 - China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Mr. Qizhou Wu, chief executive officer of CAAS, commented, "The shift to our more advanced electric power steering ("EPS") ...