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.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts