China Automotive Systems Authorizes $5 Million Buyback as EPS Sales Rise
China Automotive Systems said third-quarter sales of its electric power steering products rose 40.1% year over year to a record 567,314 units in a November 11, 2026 announcement. Separately, its board authorized repurchases of up to $5 million of the company’s outstanding common shares. The announcement is an operating update rather than an earnings report: EPS is the company’s abbreviation for electric power steering. Sales for the first nine months of 2026 reached 1,461,381 units, up 32.7%…