Brief: China Automotive Systems Won A Bid From Mahindra & Mahindra For DP-EPS Products

China Automotive Systems

17/12/2018 11:28

Dec 17 (Reuters) - China Automotive Systems Inc  CAAS.O :
    * CHINA AUTOMOTIVE SYSTEMS REACHES NEW SALES MILESTONES IN
EUROPE
AND INDIA
    * WON A BID FROM MAHINDRA & MAHINDRA FOR DP-EPS PRODUCTS
    * SECURED EXCLUSIVE RIGHTS TO DEVELOP ALL FUTURE MAHINDRA
DP-EPS
STEERING MODULES
    * SECURED EXCLUSIVE RIGHTS TO DEVELOP ALL FUTURE MAHINDRA
DP-EPS
STEERING MODULES
    * ANNUAL ORDER WILL START WITH APPROXIMATELY 70,000 UNITS
FOR
MAHINDRA
    * WITH MASS PRODUCTION BEGINNING IN APRIL 2020, ANNUAL ORDER
WILL
START WITH APPROXIMATELY 70,000 UNITS FOR MAHINDRA
    * IN EUROPE, CAAS WON A BID FOR FIAT AUTOMOBILES S.P.A.
("FIAT")'S
500 SERIES ELECTRIC VEHICLES
    * MASS PRODUCTION OF CAAS'S MSG PRODUCT FOR FIAT EUROPE IS
EXPECTED TO START IN APRIL 2020

Source text for Eikon:  ID:nPn6S9s0Na 
Further company coverage:  CAAS.O 

 ((Reuters.Briefs@thomsonreuters.com;))