ZHEJIANG, China, Oct. 18 /PRNewswire-Asia-FirstCall/ -- SORL Auto
Parts, Inc. (Nasdaq: SORL) ("SORL" or "the Company"), a leading
manufacturer and distributor of commercial vehicle air brake
systems as well as related auto parts in China, today announced that it has received an
order for brake system valve products from a leading Indian
commercial vehicle manufacturer. With the launch of new products
and the enhancement of SORL's modular brake system, the Company
will be able to supply more air brake system products in the
future.
For the international market, SORL has adopted a two-pronged
strategy: to develop the OEM business, and to penetrate into the
aftermarket sector. SORL currently supplies six commercial vehicle
manufacturers in India, including
three of the leading Indian commercial vehicle OEMs.
Mr. Baojian Tao, chief operating
officer, commented, "We are very pleased that we continue to
broaden our sales into the international OEM market. This new
order, from India, is another
indication of the growing recognition of our products' high quality
and brand name in the global OEM market. India, the world's second most populous
country after China, is one of the
most important global commercial OEM markets and we are focusing on
growing our business there. We continue to develop new products and
increase our supply capacity to further penetrate into India and other international OEM
markets."
About SORL Auto Parts, Inc.
As China's leading manufacturer
and distributor of automotive air brake systems and other related
auto parts. SORL Auto Parts, Inc. ranked No. 1 for market share in
China in the segment for
commercial vehicles, such as trucks and buses. The Company
distributes products both within China and internationally under the SORL
trademark. SORL is listed among the top 100 auto component
suppliers in China, with a product
range that includes 40 categories with over 1000 specifications in
air brake system, air controlling system and others. The Company
has four authorized international sales centers in Australia, UAE, India, and the
United States. SORL is working to establish a broader global
sales network. For more information, please visit
http://www.sorl.cn .
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
http://www.sec.gov .
For more information, please contact:
Ben Chen
Director of Investor Relations
Tel: +86-577-6581-7721
Email: ben@sorl.com.cn
Kevin Theiss
Grayling
Tel: +1-646-284-9409
Email: kevin.theiss@grayling.com
SOURCE SORL Auto Parts, Inc.
Copyright . 18 PR Newswire