[China Automotive Systems Reports 119% Net Sales Increase and 1,200% Net Income Growth for the Fourth Quarter 2009 Q4 Top Line $84 million, Gross Margin 29%, Continued Free Cash Flow Generation - WUHAN, China, March 25, 2010 -- China Automotive Systems, Inc., (“CAAS” or the "Company"), (NASDAQ: CAAS) Fourth Quarter 2009 Highlights - Net sales increased 118.9% YoY to a] [Form 8-K CURRENT REPORT Date of Report (Date of earliest event reported): March 25, 2010 China Automotive Systems, Inc. Delaware 000-3123 33-0885775 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) No. 1 Henglong Road, Yu Qiao Development Zone Shashi District, Jing Zhou City Hubei Province People’s Republic of China (86) 27-5981 8527 o o o o]

[CHINA AUTOMOTIVE SYSTEMS, INC. FORM 10-K INDEX Page PART I 3 Item 1. Description of Business 3 Item 1A. Risk Factors 11 Item 1B. Unresolved Staff Comments 17 Item 2. Description of Property] [CONTRACT FOR JOINT VENTURE COMPANY Of BEIJING HENGLONG AUTOMOTIVE SYSTEM CO., LTD By Beijing Hainachuan Auto Parts Co. Ltd. And Great Genesis Holdings Limited January 2010 Table of Contents Chapter 1 General 3 Chapter 2 Definitions 3 Chapter 3 Parties to the Joint Venture 5 Chapter 4 Joint Venture Company 5 Chapter 5 Purpose, Scope and Scale of Operation 6] [Schedule of Subsidiaries Percentage Interest Name of Entity 2009 2008 Jingzhou Henglong Automotive Parts Co., Ltd., “ Henglong ” 80.00 % 80.00 % Shashi Jiulong Power Steering Gears Co., Ltd., “Jiulong” 81.00 % 81.00 % Shenyang Jinbei Henglong Automotive Steering System Co., Ltd., “Shenyang” 70.00 % 70.00 % Zhejiang Henglong & Vie Pump-Manu Co., Ltd., “Zhejiang” 51.00 % 51.00 %] [Schwartz Levitsky Feldman llp CHARTERED ACCOUNTANTS LICENSED PUBLIC ACCOUNTANTS TORONTO, MONTREAL Toronto, Ontario, Canada March 25, 2010 Chartered Accountants Licensed Public Accountants 1167 Caledonia Road Toronto, Ontario M6A 2X1 Tel: 416 785 5353 Fax: 416 785 5663 EX-23 4 v178314_ex23.htm] [I, Qizhou Wu, certify that: 1. I have reviewed this annual report on Form 10-K of China Automotive Systems, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were] [I, Jie Li, certify that: 1. I have reviewed this annual report on Form 10-K of China Automotive Systems, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were] [CHINA AUTOMOTIVE SYSTEMS, INC. 18 U.S.C. SECTION 1350, SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Qizhou Wu Chief Executive Officer, director EX-32.1 7 v178314_ex32-1.htm] [CHINA AUTOMOTIVE SYSTEMS, INC. 18 U.S.C. SECTION 1350, SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Jie Li Chief Financial Officer EX-32.2 8 v178314_ex32-2.htm]