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Company Profile: China Automotive Systems (CAAS) China Automotive Systems (CAS) owns all of the capital stock of Jilong Enterprises Investment Corp. Ltd., a Hong Kong Company ("Jilong"). Jilong in turn owns an interests in four sino-joint ventures which each manufacture power steering systems or related products for different segments of the automobile industry in China. The combined sales of the sino-joint ventures rank second in their industry sector with combined sales totaling 30% to 40% of the market share in China. Joint Venture Ownership Interest Business Segment CAS companies have long-term contracts with more than forty manufactures, including the two of the largest automobile manufacturers China's No. 1 Automobile Manufactory with $10 Billion USD in sales and China's No. 2 Automobile Manufactory with $2 Billion USD in sales. Genesis also has long term contracts with the largest Van manufacturer in China, Shenyang Jinbei Co., Ltd. which has approximately $2.5 billion USD in annual sales and Fukang, a Citren invested automobile manufacturing which has approximately $1 billion USD in annual sales. |