China Automotive Systems Hires Two Additional IR Firms

SHANGHAI, China--Oct. 1, 20033, 2003--China Automotive Systems, Inc. (OTCBB:CAAS) today announced it has retained two additional investor relations firms, NAI Interactive Ltd. and Insight Communications, Inc.

CAAS has retained NAI Interactive Ltd to provide Investor Relations services for the Chinese community. NAI will help prepare and disseminate corporate literature and presentation material in the Chinese language and will serve as information liaison between CAAS and current shareholders, prospective investors and media in the Chinese community.

CAAS has also retained Insight Communications, Inc. to provide corporate and financial communication services to prospective institutional and retail investors in the U.S. as well as traditional and online financial media. Specifically, Insight is currently coordinating a 200,000-piece direct mail investor awareness campaign.

About China Automotive Systems

Based in Shanghai, China, China Automotive Systems, Inc. is registered as a Delaware Corporation. Through a wholly owned subsidiary, it owns a joint-venture interest in four entities in China that manufacture power steering systems and other products for different segments of the automobile industry in China. CAAS has well positioned itself to be a beneficiary of the thriving automobile industry in China.

About NAI Interactive Ltd

NAI Interactive Ltd is the largest IR/PR firm in North America targeting towards the Chinese market. Since 1998 NAI Interactive Ltd has been providing clients a wide range of services including Public Relations, Investor Relations, Media Relations, language translation and Website development. NAI has a staff of twelve employees with offices in Vancouver, BC and Toronto, ON.

About Insight Communications, Inc.

Insight Communications, Inc. is a full service financial communications, corporate relations and management consulting firm. The Dallas, Texas based company develops and executes integrated "corporate financial awareness" and "investor relations" campaigns for small and mid-cap U.S. public companies.

For further information please contact: USA Investor Relations, Carl Thompson, Principal of CTA Public Relations, Inc., +1-303-665-4200, carl@ctapr.com or www.ctapr.com, for China Automotive Systems, Inc.

The information in this news release includes certain forward looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.