China Automotive Systems (CAAS) develops new steering system for Alfa Romeo’s first EV subcompact crossover

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China Automotive Systems, Inc. (Nasdaq: CAAS) (“CAAS” or the “Company”), a leading supplier of power steering components and systems in China, today announced that it has entered the OTOP phase (Off Tool Off Process) new leadership development for Europe’s leading automotive brand, Alfa Romeo.

This new steering system under development is intended for Alfa Romeo’s first luxury plug-in hybrid SUV model, 2021 Tonale. Along with its extremely dynamic and athletic bodywork and custom luxury interior, this highly anticipated compact crossover electric vehicle is also equipped with Alfa Romeo’s first plug-in hybrid powertrain. Orders of around 100,000 units per year are expected for this new CAAS steering system.

Founded in 1910 in Milan, Alfa Romeo is a leading Italian automaker and a subsidiary of global automotive powerhouse Stellantis. CAAS’s history with Stellantis began from its relationship with Chrysler North America in 2006 and then extended to Fiat in Europe and South America. Since 2011, CAAS has supplied its high performance steering systems to various vehicle models from Fiat, Wrangler, Compass and RAM, and has consistently won Chrysler’s Excellent Supplier Award. This OTOP with Alfa Romeo is not only CAAS ‘second project in Europe since the JEEP Compass PHEV (Plug-in-Hybrid Electric Vehicle), but also the first project with a high-end brand under Stellantis.

Mr. Qizhou Wu, CEO of CAAS, commented: “We are satisfied with our progress with Alfa Romeo and look forward to many more projects for the years to come. We are also delighted with our continued involvement in the electrification of the automotive industry. and continue to be proud of our engineering prowess and quality assurance. ”