SORL Auto Parts Expands Its Business With Indian Commercial Vehicle Manufacturers
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: [email protected]
Kevin Theiss
Grayling
Tel: +1-646-284-9409
Email: [email protected]
SOURCE SORL Auto Parts, Inc.
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