China Automotive Systems manufactures and sells a diverse range of automotive steering systems and components, including rack and pinion power steering gears, integral power steering gears for heavy-duty vehicles, steering columns, hydraulic and electric power steering systems, and automotive electronics through a network of subsidiaries across China, Brazil, Italy, Mexico, and North America. The company primarily serves original equipment manufacturer (OEM) customers in the automotive industry through long-term supply agreements, generating revenue upon delivery of products with typical credit terms of three to four months. The company also earns supplemental revenue from rental income, asset disposals, and technical services provided through its research and development operations, while maintaining active innovation efforts in steering systems and electronic components.