China Automotive Systems H1 2026 Profit Nearly Doubles
China Automotive Systems reported record first-half results, with earnings per share up 98%. Net sales rose 20.1% year over year to $412.5 million, while gross profit climbed 49.7% to $88.5 million and operating income more than doubled to $43.3 million. Electric power steering now makes up 46.8% of net sales, and the firm also secured a C-EPS contract for a new vehicle platform in South America.