ZHEJIANG, China, Dec. 19, 2011 /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's subsidiary, Ruili Group Ruian Auto
Parts Co., Ltd, received the "2011 Excellent Supplier" award from
the Bei Ben Heavy-Duty Truck Co., Ltd. ("Bei Ben").
Only 53 suppliers received the "Excellent Supplier" award among
the 400 suppliers that participated in Bei
Ben's 2011 annual supplier meeting. SORL's sales of
electrical and valve products to Bei
Ben are estimated to grow by 10% to approximately
54 million RMB, or $8.5 million, in 2012.
Mr. Baojian Tao, Chief Operating
Officer of SORL, commented "We are very pleased to receive this
award from Bei Ben. By leveraging
the Mercedes-Benz technology platform, and internal design and
manufacturing capabilities, Bei Ben
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 in capital, Bei
Ben 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.
Bei Ben's products have been
exported to countries in the Middle
East, Africa, and
Asia.
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 China. 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 65 categories with over 2000
specifications in brake system and others. The Company has four
authorized international sales centers in UAE, India, the United
States and Europe. 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.
Contact Information
Ben Chen
VP Finance & Corporate Secretary
+86 577 6581 7721
Email: ben@sorl.com.cn
Kevin Theiss
Grayling
+1 646 284 9409
Email: kevin.theiss@grayling.com
SOURCE SORL Auto Parts, Inc.