This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

China Zenix "Bridge Arc" Wheel Breaks New Sales Record

ZHANGZHOU, China, Nov. 17, 2011 /PRNewswire-Asia/ -- China Zenix Auto International Limited (NYSE: ZX) ("Zenix Auto" or "the Company"), the largest commercial vehicle wheel manufacturer in China in both the aftermarket and OEM market by sale volume, today announced that in January 2011, Zenix Auto introduced its patented "Bridge Arc" wheel, which is based on the new architectural design concept borrowed from the legendary thousand-year-old stone bridge in Northern China. This new product features heightened strength with substantially lighter weight. The standard steel wheel for heavy-duty trucks weighs 50 kilograms while "Bridge Arc" wheels weigh only 40 kilograms. This weight reduction benefits wheel producers with raw material savings and truck operators with fuel consumption savings. Together with the standard tubeless products, Zenix continues to expand its market share in the growing aftermarket wheel sector in China.

Since its debut in early 2011, the "Bridge Arc" designed wheels have received positive reviews from drivers and logistic companies which are plagued by rising fuel prices. In May, after collecting feedback from commercial vehicle operators, Zenix began increasing its marketing effort to pursue additional aftermarket opportunities. The Company held a number of seminars on the merits of this new design at industry events. Due to the "Bridge Arc" wheel's proven functionality and cost-saving benefits, monthly unit sales experienced robust growth from approximately 3,500 units in April 2011 to nearly 60,000 units in October 2011. To adjust for the raw material price rise in 2011, the average selling price of the "Bridge Arc" wheel for the Chinese domestic aftermarket also increased from RMB 551 in January 2011 to RMB 580 in October 2011.

Mr. Jianhui Lai, Chairman and CEO of China Zenix, commented, "The early success of the 'Bridge Arc' wheel is another important example of how Zenix wins market share with the product strategy of improving wheel performance to aide the end users. Despite sluggish commercial vehicle and wheel demand in the Chinese OEM truck market, the aftermarket sector has proven its resilience as China has millions of trucks and other commercial vehicles operating on the road, many of which are using incumbent wheel models hindering fuel efficiency. While we are pleased with the 'Bridge Arc' wheel's rapid growth in the Chinese aftermarket, we strongly believe that the future of the Chinese OEM and export markets is just starting."  

About China Zenix Auto International Limited

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs