China Automotive Systems Selects The Global Consulting Group to Provide Integrated Investor Relations and Financial Media Campaign

WUHAN, Hubei, China, Oct. 21, 2005 /Xinhua-PRNewswire/ - China Automotive Systems, Inc. , a leading power steering components and systems supplier in China, today announced that New York-based, The Global Consulting Group (GCG), a strategic communications firm, has been selected to provide investor relations and financial communications counsel.

Mr. Hanlin Chen, chairman and chief executive officer of China Automotive Systems, Inc. said, ''We are delighted to be working with The Global Consulting Group and look forward to developing and implementing an aggressive campaign to raise China Automotive Systems' profile among U.S.-based and international investors and prospective clients. GCG's impressive track record of assisting companies of all market capitalizations navigate their way through the U.S. capital markets, as well as build brand awareness and shareholder interest are the primary reasons we selected the firm to represent China Automotive Systems with our strategic communications initiatives. We believe that our partnership with GCG will be instrumental in helping us build and enhance shareholder value.''

''China is one of the fastest growing automobile markets in the world. As a leading power steering systems manufacturer in China, China Automotive Systems is well positioned to benefit from the rapid growth in a nation with a population of 1.3 billion and 9.5% GDP annual expansion,'' said Richard J. Wolff, chief executive officer of The Global Consulting Group. ''We have already begun to create an aggressive communications program that will fully convey China Automotive Systems' compelling story as a leading supplier of key automobile parts and systems to the auto-maker industry in China and its tremendous growth potential.''

About China Automotive Systems, Inc.

Based in Hubei Province, People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through four Sino-foreign joint ventures. The Company's product offering encompasses a full range of auto parts which are incorporated into steering systems for both passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering and 307 models of power steering with an annual capacity of 600,000 sets, steering columns, steering oil pumps and steering hoses. Its customer base comprises of leading Chinese auto manufacturers such as China FAW Group, Corp., Donfeng Auto Group Co., Ltd., Brilliance China Automotive Holdings Ltd., Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. etc. For more information, please visit http://www.caasauto.com/ .

About The Global Consulting Group

The Global Consulting Group ( http://www.hfgcg.com/ ) is headquartered in New York, with offices in Chicago, Los Angeles, Sacramento, London, Edinburgh, Madrid, Brussels, Shanghai, Tel Aviv and Istanbul. The firm focuses on providing consulting services to privately-held and publicly-traded corporate clients in the area of financial / investor relations, corporate communications and public affairs.

Safe-Harbor Statement

This press release contains ''forward-looking statements". These forward-looking statements use words such as ''believes,'' ''intends,'' ''expects,'' ''may,'' ''will,'' ''should,'' ''plan,'' ''projected,'' ''contemplates,'' ''anticipates'' or similar statements. These statements are based on our beliefs, as well as assumptions we have used based upon information currently available to us. Because these statements reflect our current views concerning future events, these statements involve risks, uncertainties and assumptions. Actual future results may differ significantly from the results discussed in the forward-looking statements. A reader, whether investing in our common stock or not, should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release.

  For more information, please contact:

   Ms. Truc N. Nguyen,
   The Global Consulting Group
   Tel:   +1-646-284-9418
   Email: tnguyen@hfgcg.com
   
   Mr. Jie Li,
   China Automotive Systems, Inc.
   Tel:   +86-27-5981-8527
   Email: jieli@chl.com.cn