WUHAN, Hubei, China /Xinhua-PRNewswire/ -- China Automotive Systems Inc. (CAAS), a leading power-steering components and systems supplier in China, announced that its subsidiary, Universal Sensor Application Inc. (USI), reports increased shipments of its sensor products during the second quarter of 2008.
With the global trend moving toward increasing use of electronic components in vehicles, USI has also experienced growing demand for its sensor products in China. In May alone, USI sold nearly 4000 units to Chinese OEMs and was profitable for the first time since its inception. Sensors are becoming increasingly important components of electronic systems to help optimize mechanical control and improve fuel efficiency for vehicles.
USI was established in early 2005 to focus on research and development and production of sensor products for the Chinese automotive market.
About CAAS
Based in Hubei Province, 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 seven 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 and 307 models of power steering, with an annual production capacity of 1.1 million sets, steering columns, steering oil pumps, and steering hoses. Its customer base is comprised of leading Chinese auto manufacturers, such as China FAW Group, Corp.; Donfeng Auto Group Co., Ltd.; Brilliance China Automotive Holdings Ltd.; Beiqi Foton Motor Co., Ltd.; and Chery Automobile Co., Ltd.