WUHAN, China, May 21, 2025 /PRNewswire/ — China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced that its largest subsidiary by sales, Jingzhou Henglong Auto Parts Manufacturing Co., Ltd. (“Jingzhou Henglong”), won its first R-EPS product order from a large, well-known European automobile producer.

This order, with annual sales exceeding US$100 million, covers multiple models of the client’s vehicles and mass production for this order is expected to begin by 2027. This order demonstrates that Jingzhou Henglong’s technical strengths in the field of high-end electric power steering systems has been recognized by a top international automobile OEM, marking another important milestone to CAAS’ strategic global reach.

R-EPS has become a must-have steering configuration for mid-to-high-end vehicle models due to its high reliability and efficiency, and quick responsiveness. With its growing importance to Jingzhou Henglong’s steering product line, the increased R&D investment in R-EPS has successfully made breakthroughs in key technologies in noise, vibration and harshness (“NVH”), steering quality and other steering performance characteristics. Using CAAS’ proprietary ball screw in assembly further assures product quality with optimized costs. CAAS’ proprietary developed electronic control units have improved network security and functional safety, reducing the probability of hardware failure with improved algorithm control. These improvements lead to steering performance that have met or exceeded customer requirements.

This project further demonstrates the strategic transformation of Chinese auto part suppliers from a traditional “cost advantage” profile to a growing realization of being a “technology content” provider of high value-added products. As the leading supplier with the most complete product line in China’s steering industry, CAAS continues to lead in the technology upgrade of the steering supply chain through its global presence, injecting a new impetus into the development of high-quality steering products.

Mr. Qizhou Wu, the Chief Executive Officer of CAAS, commented, “This first order from a major European automobile OEM further expands our global footprint and acknowledges the growing value of our high-technology EPS products. We are expanding our R-EPS annual production capacity to reach 250,000 units in 2025 and is expected to exceed 1 million units by 2030 to meet the increasing demand by a number of automobile OEMs.”

About China Automotive Systems, Inc.

Based in Hubei Province, the 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 its sixteen Sino-foreign joint ventures and wholly owned subsidiaries. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 8 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading 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. in China, and Stellantis N.V. and Ford Motor Company in North America. For more information, please visit: http://www.caasauto.com. 

Forward-Looking Statements

This press release contains statements that are “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company’s actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission on March 28, 2025, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Any of these factors and other factors beyond our control, could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict, and materially and adversely impact our business, financial condition and results of operations. A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery and assembly process within any of our production facilities could continue to result in delays in the shipment of products to our customers, increased costs and reduced revenue. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.

For further information, please contact:

Jie Li
Chief Financial Officer
China Automotive Systems, Inc.
jieli@chl.com.cn 

Kevin Theiss
Awaken Advisors
+1-212-521-4050
Kevin@awakenlab.com

TAIPEI, May 21, 2025 /PRNewswire/ — Delta, a global leader in power management and smart green solutions, today unveiled its comprehensive solutions for the AI era with a focus on sustainability under the theme “Artificial Intelligence x Greening Intelligence.” The showcase features the newly-launched AI containerized data center solution designed for edge computing. This 20-foot container, which integrates power, cooling, and IT equipment, is on display at Delta’s booth and drawing significant visitor interest. Delta is also announcing new certification for the in-rack CDU solution for NVIDIA GB200 NVL72, delivering more solutions for in-rack cooling for NVIDIA’s customers.  In response to the growing power demands of AI computing, Delta also introduces an innovative 800V High Voltage Direct Current (HVDC) power architecture solutions for AI data centers, along with a microgrid solution that enhances grid resilience. With its comprehensive developments in grid-to-chip power and thermal management solutions, Delta aims to optimize energy efficiency in the AI era and enable a sustainable AI future.

Ping Cheng, Delta’s Chairman and CEO, said, “With the rapid expansion of AI applications, industries worldwide are facing the dual challenge of meeting computing demands while maintaining sustainability. As a global leader in power and thermal management, Delta strives to enhance the energy efficiency of its products and optimize power architectures to reduce the stage of energy conversion and minimize total energy loss. For enterprise users looking to adopt AI, we also address the need for rapid and simplified deployment by offering a highly integrated containerized data center solution, including for NVIDIA GB200 NVL72. Through innovative technology, Delta is helping drive the development of sustainable AI.”

Shan-Shan Guo, Delta’s Chief Brand Officer, said, “This year, Delta is highlighting sustainable AI with an immersive exhibition that covers the grid, data center, server and chip. The showcase begins with the ‘Greening Intelligence’ zone presenting key insights from a global sustainable AI research report conducted by Economist Impact, which was supported by Delta. This area introduces critical sustainability topics and guides visitors toward practical solutions featured in our booth, such as a full-scale AI containerized data center. Additionally, we are debuting our new brand video ‘In You, In Me’, which features an AI robot collaborating with a data center, illustrating a vision of a sustainable AI future.”

Power Solutions and Thermal Management for AI Data Centers

Ares Chen, VP and General Manager of Delta Power and System Business Group, said, “Delta offers the grid to chip total solution, covering power supplies, passive components, and thermal management. AI data centers using Delta’s 800V HVDC architecture achieve groundbreaking power delivery capabilities, improving energy efficiency by over 4%—reaching up to 92%. To address the high heat density generated by AI servers, Delta also provides a full range of air and liquid cooling solutions.

As part of its HVDC solution, Delta showcases its Core Shell Liquid-Cooled Busbar and HVDC Air-Cooled Busbar, supporting up to 50V_DC/8000A and 800V_DC/1000A power capacity to ensure stable system operation. In advanced liquid cooling, Delta’s liquid-to-liquid cooling systems can provide up to 1,500 kW of cooling capacity. Delta also features rack-level coolant distribution units (CDUs) with cooling capacity up to 200kW, along with liquid-cooled cold plate modules designed for GPUs and CPUs, delivering robust thermal support for next-generation chips.

ICT and Energy Infrastructure Solutions for AI Data Centers

Kelvin Huang, VP and General Manager of Delta’s ICT Infrastructure Business Group, said, “In response to the high power consumption and high-density computing demands of AI servers, we showcase our AI containerized data center solution. Compared to traditional data centers, it can be deployed within weeks, significantly shortening construction time and reducing costs. It allows flexible deployment in remote areas, making it ideal for AI computing, enterprise edge nodes, and telecom facilities.”

Additionally, Delta also highlights that data centers are rapidly adopting microgrids and renewable energy solutions. With key technologies such as hydrogen energy and energy storage, Delta can integrate diverse power sources and dynamic load demands. Through intelligent energy dispatching, Delta’s solutions enable optimal energy allocation and stable power supply.

COMPUTEX 2025 will be held from May 20 to 23 at the Nangang Exhibition Center. Delta’s booth is located in Hall 1, 4F, stand No. L0617a. We welcome media stakeholders, customers, partners and the general public to build the future of sustainable AI together with Delta.

Key highlights at the Delta booth at COMPUTEX 2025 include:

AI Containerized Data Center Solution

The prefabricated AI containerized data center features rapid deployment, scalability, and high flexibility, which is designed for edge computing applications. It isolates external harsh environments and offers the same high reliability as traditional data centers, making it ideal for edge computing, small and medium enterprises. It includes NVIDIA-accelerated servers, 800G/1.6T switches, 55 kW power shelf, BBU shelf, 80 kW liquid cooling system, delivering unparalleled performance and scalability for AI. It can also integrate Delta’s AI-powered cloud surveillance to monitor the site 24/7, this solution not only enhances security but also boosts operational efficiency.

HVDC Solutions

• In Row Power: Power usage from GPUs and systems that use them is growing faster than anticipated. Delta’s system offers 98% maximum efficiency with maximum capacity of 800kW, up to 800V_DC output with battery and capacitor modules to support future AI platforms.
• HVDC Power Shelf: The newly-developed 180kW(2OU) and 72kW(1OU) AC-DC Server Power Shelves to convert 3-phase 415-480V_AC from the transformer to 800V_DC with efficiency up to 98%. Additionally, the new 90kW DC-DC Server Power Shelf converts 800V_DC to 50V_DC. 
• Power Capacitance Shelf: With built-in supercapacitors, it enables real-time charging and discharging to handle GPU dynamic load reflections. In the situation of a sudden power outage, it can also provide backup power of 20 kW for 15 seconds to prevent data loss when sudden power outage occurs.
• e-Fuse Module: It can be integrated into rack-mounted PDU/ CBU/ BBU /DC power supplies within HVDC architecture. It features protection against abnormal voltage, current, and overheating, and supports safe disconnection and soft start during hot-swapping. Compared to traditional ones, it offers response speeds over a thousand times faster and significantly enhanced safety.
• Liquid/ HVDC Air Cooled Busbar: The newly-launched Core Shell Liquid-Cooled Busbar and HVDC Air-Cooled Busbar respectively offer up to 50 V_DC/8000A and 800V_DC /1000A power capacity to ensure stable system operation.
• HVDC Technology Fan Wall: The HVDC powered air-cooling design features a high-power, high-performance fan wall setup that ensures stable system operation.

Liquid and Air-Cooling Solutions for AI Data Centers and GPU Systems

• 1,500 kW Liquid-to-Liquid(L2L) CDU: It provides up to 1,500 kW of cooling capacity. This solution is specifically designed to handle the thermal challenges of multiple high-density AI racks.
• Liquid-to-Liquid(L2L)/ Liquid-to-Air(L2A) In-Rack CDU: The new 4U/6U L2L in-rack CDU design with 140kW/200kW cooling capacity; and the 20U L2A in-rack CDU design with 24 kW cooling capacity for traditional air-cooled data centers, enabling flexible integration with existing infrastructure.
• Chip Liquid / Air Cooling and EC Fans: Liquid and air cooling options for AI chips include Cold Plate Loops and 4U 3D Vapor Chamber with 1000W cooling capacity. To meet the cooling efficiency demands of data centers, HPAM EC technology fans are available for AHU/Fan Wall/Chiller/Dry Cooler.

Microgrid for Data Center

• Solid-State Transformer (SST): SST is engineered for seamless AC/DC power conversion between medium-voltage (MV) and low-voltage (LV) grids. Utilizing solid-state components and SiC power modules, the SST significantly reduces energy loss and physical footprint. It offers rapid deployment and easy scalability. With its intelligent and bidirectional features, the SST seamlessly integrates with distributed clean energy and energy storage systems.
• Hydrogen Fuel Cell Solutions: Delta’s Solid Oxide Fuel Cell (SOFC) delivers 60% efficiency, provides stable 24-hour power supply, and with its modular design, allows for rapid expansion, making it the optimal primary power solution for microgrids and mission critical infrastructure.
• Energy Storage Solution: Delta’s U series energy storage solution integrates PCS modules, battery packs, transformer, LV/MV distribution panels, and site controllers into two standard 20-foot containers, delivering 2.5 MW/ 5MWh of capacity. It features advanced liquid cooling technology and a comprehensive fire protection system, ensuring exceptional energy efficiency and uncompromising safety across all operating conditions.

AI Applications

• AI-powered smart manufacturing: Leveraging Delta’s digital twin technology integrated with NVIDIA Omniverse, Delta has successfully developed high-fidelity, real-time, and physically accurate simulations for workshops, production lines and collaborative robot D-Bot. It significantly enhances efficiency in product development, testing, and deployment.
• BIM-empowered iDCIM solution: It provides a one-stop service for data centers and building weak current systems by integrating Building Information Modeling (BIM) technology with facility management. It can simulate complex thermofluidic dynamics, enabling predictive modelling of heat distribution and airflow patterns. This allows for proactive thermal optimization, reduced energy consumption, and effective lowering of operational costs.

About Delta

Delta, founded in 1971, and listed on the Taiwan Stock Exchange (code:2308), is a global leader in switching power supplies and thermal management products with a thriving portfolio of IoT-based smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” Delta leverages its core competence in high-efficiency power electronics and its ESG-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to ESG. Since 2011, Delta has been listed on the Dow Jones Best-in-Class World Index (formerly the DJSI World Index of Dow Jones Sustainability™ Indices) for 14 consecutive years. Delta has also won CDP with double A List for 4 times for its substantial contribution to climate change and water security issues and has been named Supplier Engagement Leader for its continuous development of a sustainable value chain for 7 consecutive years.

For detailed information about Delta, please visit: www.deltaww.com