WUHAN,
China, May 5, 2023 /PRNewswire/ -- China
Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the
"Company"), a leading power steering components and systems
supplier in China, today announced
that it will issue unaudited financial results for the first
quarter ended March 31, 2023, on
Friday, May 12, 2023, before
the market opens. Management will conduct a conference call on
May 12th at 8:00 A.M. EDT/8:00
P.M. Beijing Time to discuss these results. A question and
answer session will follow management's presentation.
To participate, please call the following numbers 10 minutes
before the call start time and ask to be connected to the "China
Automotive Systems" conference call with pin 677473:
Phone Number: +1-877-545-0523 (North
America)
Phone Number: +1-973-528-0016 (International)
Mainland China Toll Free:
+86-400-120-3199
A replay of the call will be available on the Company's website
in the investor relations section.
About China Automotive Systems, Inc.
Based in Hubei Province,
the People's Republic of China,
China Automotive Systems, Inc. is a leading supplier of power
steering components and systems to the Chinese automotive industry,
operating through ten Sino-foreign joint ventures. The Company
offers a full range of steering system parts for passenger
automobiles and commercial vehicles. The Company currently offers
four separate series of power steering with an annual production
capacity of over 6 million sets of steering gears, columns and
steering hoses. Its customer base is comprised of leading auto
manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group
Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd.
and Chery Automobile Co., Ltd. in China, and Fiat Chrysler Automobiles (FCA) and
Ford Motor Company in North America. For more information,
please visit: http://www.caasauto.com.
Forward-Looking Statements
This press release contains statements that are "forward-looking
statements" as defined under the Private Securities Litigation
Reform Act of 1995. Forward-looking statements represent our
estimates and assumptions only as of the date of this press
release. These forward-looking statements include statements
regarding the qualitative and quantitative effects of the
accounting errors, the periods involved, the nature of the
Company's review and any anticipated conclusions of the Company or
its management and other statements that are not historical facts.
Our actual results may differ materially from the results
described in or anticipated by our forward-looking statements due
to certain risks and uncertainties. As a result, the
Company's actual results could differ materially from those
contained in these forward-looking statements due to a number of
factors, including those described under the heading "Risk Factors"
in the Company's Form 10-K annual report filed with the Securities
and Exchange Commission on March 30,
2023, and in documents subsequently filed by the Company
from time to time with the Securities and Exchange Commission.
Any of these factors and other factors beyond our control,
could have an adverse effect on the overall business environment,
cause uncertainties in the regions where we conduct business, cause
our business to suffer in ways that we cannot predict and
materially and adversely impact our business, financial condition
and results of operations. A prolonged disruption or any
further unforeseen delay in our operations of the manufacturing,
delivery and assembly process within any of our production
facilities could continue to result in delays in the shipment of
products to our customers, increased costs and reduced
revenue. We expressly disclaim any duty to provide updates to
any forward-looking statements made in this press release, whether
as a result of new information, future events or otherwise.
For further information, please contact:
Jie Li
Chief Financial Officer
China Automotive Systems, Inc.
Email: jieli@chl.com.cn
Kevin Theiss
Investor Relations
Tel: +1-212-510-8922
Email: Kevin@awakenlab.com
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SOURCE China Automotive Systems, Inc.