China Automotive Systems to Announce Fourth Quarter and Fiscal Year 2009 Results on March 25, 2010

Teleconference to be held at 8:00 A.M. EDT

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Mar 18, 2010, 08:56 ET

WUHAN, Hubei, China, March 18 /PRNewswire-Asia-FirstCall/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced that it will issue financial results for the fourth quarter and fiscal year ended December 31, 2009 on Thursday, March 25, 2010 before the stock market opens. Management will conduct a conference call on Thursday, March 25th at 8:00 a.m. EDT 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:

Phone Number: +1-877-407-9205 (North America)

Phone Number: +1-201-689-8054 (International)

In addition, the conference call will be broadcast live over the Internet at: http://www.caasauto.com

Please go to the web site at least 15 minutes early to register, download and install any necessary software.

A telephone replay of the call will be available after the conclusion of the conference call through 11:59 PM EDT on Thursday, April 1, 2010. The dial-in details for the replay are: U.S. Toll Free Number +1-877-660-6853, International dial-in number +1-201-612- 7415; using Account "286" and Conference ID "347278" to access the replay. The internet audio stream will also be available until 11:59 pm EDT on Thursday, April 8.

About China Automotive Systems, Inc.

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 nine Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers 4 separate series of power steering with an annual production capacity of over 2.5 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., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd., etc. For more information, please visit: http://www.caasauto.com

    For further information, please contact:

     Jie Li
     Chief Financial Officer
     China Automotive Systems
     Email: [email protected]

     Kevin Theiss
     Investor Relations
     Grayling
     Tel:   +1-646-284-9409
     Email: [email protected]

SOURCE China Automotive Systems, Inc.