China Automotive Systems (CAAS) announced record electric power steering (EPS) unit sales for Q3 2026, with 567,314 units sold, a 40.1% increase year-over-year. The company also approved a new share repurchase program of up to $5 million, with shares to be bought at prices not exceeding $5.50 over the next 12 months .
Key points:
- Q3 EPS unit sales up 40.1% YoY.
- Nine-month EPS sales up 32.7% YoY.
- $5M share buyback authorized, representing a significant return to shareholders for the small-cap auto parts supplier.
China Automotive Systems posts record Q3 EPS sales, okays buyback
INVESTING.COMNov 11, 11:04 AM UTC
0