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China Automotive Systems Purchases 40% of European Vehicle Technology Leader and Officially Enters Autonomous Driving


China Automotive Systems Purchases 40% of European Vehicle Technology Leader and Officially Enters Autonomous Driving
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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 ....

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Position : Electrical Controls Technician
Opening Date : June 2, 2021
Closing Date : June 16, 2021 at 16:00
Work Hours : Work schedule : 40 hours/week
Note : Closing time for submission of applications is 24:00. (Online applications only)
BASIC FUNCTIONS : The incumbent reports to the Building Engineer. The incumbent is employed as a journeyman level Electrical Controls Technician to carry out skilled maintenance and repair work throughout the New Embassy Compound (NEC) on critical and non-critical electrical components within the functional/office buildings, on-compound ancillary support and residential buildings, above and below ground infrastructures, recreational facilities, and other owned/leased properties.
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