ZHEJIANG, China, Aug. 27, 2012 /PRNewswire-Asia-FirstCall/ -- SORL Auto Parts, Inc. (NASDAQ: SORL) ("SORL" or "the Company"), a leading supplier of brake and control systems to the global commercial vehicle industry, today announced that the Company launched its newly developed electrically controlled power steering pump, marking a technological breakthrough for the electric bus market. SORL's electrically controlled power steering pump is specifically designed for use in new energy electric buses.
Huaping Wang, the chief engineer of the SORL, commented, "New energy electric vehicles are an important strategic direction for China and the global automotive industry with broad market applications. We have a long-term R & D program to position SORL as the leader in developing electrically controlled auto parts for new energy vehicles. We are committed to developing cost-effective, easy-to-operate and more comfortable products for electric vehicle manufacturers, vehicle operators and passengers. In July 2012, we also launched our new generation of electric air brake compressors also designed to be used in electric buses. We aim to set the industry benchmarks making our development sustainable to benefit our employees, executives and shareholders."
SORL's new electrically controlled power steering pump is more energy saving, environmental friendly and cost-effective, with higher efficiency and a longer life span than traditional hydraulic steering pumps. The traditional hydraulic power steering pump is powered by the motor's belt system. The Company's electrically controlled power steering pump connects the pump and motor through an internally integrated electrical connection, which directly drives the pump using voltage and electric current adjustments to control the pump flow and pressure. Frequent oil spills from the traditional hydraulic power steering systems are avoided and the electrically controlled power steering pump's service life and efficiency are increased. Installation and maintenance of the new electrically controlled power steering pump is effortless due to its small size and compact structure. The pump provides smooth operations with low noise and little vibration, which improves the comfortable ride of the new energy buses.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV