2006 Peugeot Dongfeng 206 1.6 5-door Chinese Version

2006 Peugeot Dongfeng 206 1.6 5-door Chinese Version Photo Gallery

Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version
Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version
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Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version
Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version
Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version
Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version
Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version
Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version
Peugeot Dongfeng 206 1.6 5-door Chinese Version	Peugeot Dongfeng 206 1.6 5-door Chinese Version

(from Peugeot CN Press Release)

      China Automotive Systems, Inc. (Nasdaq:CAAS) today announced it has received a development contract for a power steering system from Dongfeng Peugeot Citroen Automobiles Ltd. for its
next-generation Peugeot 206 flagship vehicle.

    It expects to complete the development stage for the Peugeot 206 by the first
quarter of 2006 and has formed a special unit to manage the project.

    The company also said that it has been selected as a supplier of steering
systems for various other Peugeot Citroen models, including Citroen ZX and
Elysee. China Automotive anticipates combined annual rack and pinion steering
systems for Dongfeng Peugeot will reach 100,000 units, with sales of
approximately $7.8 million.

    "The selection of China Automotive Systems as an exclusive supplier for the
Peugeot 206 model was the result of a rigorous evaluation and competitive
bidding process. It underscores our organization's commitment to quality and
effective pricing, two major considerations for the automotive industry. We look
forward to further establishing the company's position as an important supplier
to automobile manufacturers in China, as well as in other global markets," said
Hanlin Chen, chairman and chief executive officer of China Automotive Systems.

    Dongfeng Peugeot Citroen Automobiles Ltd. is a joint venture of Dongfeng Motor
Corporation, one of the top three automobile manufacturers in China, and PSA
Peugeot Citroen of France. Established in May 1992, the joint venture is
headquartered in Wuhan, China within Hubei Province. Its annual production
capacity is expected to reach approximately 300,000 sedans by 2006.

    ABOUT THE COMPANY

    Based in Hubei Province, 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 four Sino-foreign joint ventures.

    This news release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements are based on current expectations or beliefs, including, but not
limited to, statements concerning the company's operations and financial
performance and condition. For this purpose, statements that are not statements
of historical fact may be deemed to be forward-looking statements. The company
cautions that these statements by their nature involve risks and uncertainties,
and actual results may differ materially depending on a variety of important
factors, including, among others, the impact of competitive products, pricing
and new technology; changes in consumer preferences and tastes; and
effectiveness of marketing; changes in laws and regulations; fluctuations in
costs of production, and other factors as those discussed in the Company's
reports filed with the Securities and Exchange Commission from time to time.