China Automotive (CAAS) announced that its largest subsidiary by sales, Jingzhou Henglong Auto Parts Manufacturing, 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 5M units, representing an 18.5% year-over-year growth. The company also announced that the R-EPS steering product developed for Nanjing Iveco has entered mass production after successfully passing the Production Part Approval Process assessment. The R-EPS steering gears feature an electric motor with control unit, and a ball nut and belt drive reduction system, compared with hydraulic pressure, to provide steering assist. R-EPS is lighter with improved efficiency creating increased mileage and range. R-EPS architecture is capable of performing autonomous driving functions such as Automatic Parking, Lane Keep Assist and Lane Follow Assist. R-EPS is compatible with medium- and heavy-duty passenger vehicles and light commercial vehicles.
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