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China Automotive Systems Purchases 40% of European Vehicle Technology Leader and Officially Enters Autonomous Driving News provided by Share this article WUHAN, China, June 9, 2021 /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 wholly owned subsidiary, Hubei Henglong Automotive Systems Group Co. Ltd. ( Henglong ), purchased a 40% interest in the issued share capital of Sentient AB ( Sentient ), a Swedish automotive technology company specializing in software development and hardware design for advanced steering functions, vehicle motion control and autonomous driving. In the transaction, Jingzhou WiseDawn Electric Car Co., Ltd. ( WiseDawn ) will transfer and assign all of its Sentient shares, representing 40% of the issued share capital of Sentient, to Henglong for total consideration of Euro 20 million in three tranches of cash payments.  Two di

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