WUHAN, China, Nov. 13, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the third quarter and nine months ended September 30, 2024.Third Quarter 2024 Highlights Net sales rose 19.4% year-over-year to $164.2 million from $137.5 million in the third quarter of 2023. Gross profit increased by 6.5% year-over-year to $26.4 million from $24.8 million i ...