Dec. 19, 2011
SORL Auto Parts, Inc. (NASDAQ:
a leading supplier of brake and control systems to the global commercial vehicle industry, today announced that the Company's subsidiary, Ruili Group Ruian Auto Parts Co., Ltd, received the "2011 Excellent Supplier" award from the Bei Ben Heavy-Duty Truck Co., Ltd. ("
Only 53 suppliers received the "Excellent Supplier" award among the 400 suppliers that participated in
's 2011 annual supplier meeting. SORL's sales of electrical and valve products to
are estimated to grow by 10% to approximately
54 million RMB
, in 2012.
, Chief Operating Officer of SORL, commented "We are very pleased to receive this award from
. By leveraging the Mercedes-Benz technology platform, and internal design and manufacturing capabilities,
has developed an established brand of heavy- and medium-duty trucks in the Chinese market. This designation acknowledges the advanced technology and premier service of our product solutions. This win cements our relationship with one of the largest and most technologically advanced manufacturers in the Chinese heavy-duty vehicle markets. We continue to improve our product innovation and quality assurance to deliver superior and more cost-effective product solutions."
About Baotou Bei Ben Heavy-Duty Truck Co., Ltd.
Baotou Bei Ben Heavy-Duty Truck Co., Ltd. is a state-owned vehicle enterprise jointly established by China North Industries Group Corporation, the Inner Mongolia First Machinery (Group) Co., Ltd., the China Huarong Asset Management Corporation, Chongqing Iron Horse Group, Baotou City Industrial State-Owned Assets Co., Ltd, and the Shandong Hill Group. With
20 billion RMB
produces 40 basic vehicle models consisting of more than 400 varieties of trucks, dump trucks, tractor trailers, modified vehicles, special purpose vehicles and full-drive vehicles.
's products have been exported to countries in the
About SORL Auto Parts, Inc.
As a global tier one supplier of brake and control systems to the commercial vehicle industry, SORL Auto Parts, Inc. ranked No. 1 for market share in the segment for commercial vehicles brake system, such as trucks and buses in
. The Company distributes products both within
and internationally under the SORL trademark. SORL is listed among the top 100 auto component suppliers in
, with a product range that includes 65 categories with over 2000 specifications in brake system and others. The Company has four authorized international sales centers in UAE,
the United States
. SORL is working to establish a broader global sales network. For more information, please visit
Safe Harbor Statement
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "will", "believes", "expects" or similar expressions. These forward-looking statements may also include statements about our proposed discussions related to our business or growth strategy, which is subject to change. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at
VP Finance & Corporate Secretary+86 577 6581 7721Email:
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SOURCE SORL Auto Parts, Inc.