[China Automotive Systems Reports 2011 First Quarter Financial Results WUHAN, China, July 22, 2011 — China Automotive Systems, Inc. (“CAAS” or the "Company"), (NASDAQ: CAAS) First Quarter 2011 Results · Net sales rose 8.1% to $91.0 million, compared to $84.2 million in the first quarter of 2010; · Gross profit was $20.0 million, compared to $22.5 million for the comparative] [Form 8-K CURRENT REPORT Date of Report (Date of earliest event reported): July 22, 2011 China Automotive Systems, Inc. Delaware 000-33123 33-0885775 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer 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 ¨ ¨ ¨ ¨]