China Zenix Auto Supplied Aluminum Wheels To CIMC-Chery Auto JV

ZHANGZHOU, China, Oct. 13, 2014 /PRNewswire/ -- China Zenix Auto International Limited (NYSE: ZX) ("Zenix Auto" or "the Company"), the largest commercial vehicle wheel manufacturer in China in both the aftermarket and OEM market by sales volume, announced today that the Company has supplied its premium aluminum wheels for new heavy-duty trucks produced by CIMC-Chery Auto's joint venture, C&C Trucks, for an export order.

C&C Trucks is a joint venture between China International Marine Containers Group Ltd. ("CIMC") and Chery Automobile Co., Ltd. ("Chery Auto") to produce a variety of premium trucks including heavy-duty road tractors, tippers and mixers, among other truck models. CIMC is a world leading equipment and solution provider in the logistics and energy industries with RMB32.0 billion in revenue for the first half of 2014. CIMC specializes in manufacturing and supplying containers, trailers, tank equipment and airport facilities. Chery Auto is China's fourth-largest automaker with 12 vehicle platforms including passenger vehicles, commercial vehicles and minivans. The C&C trucks are powered by a next generation diesel engine platform developed by Yuchai.

Zenix Auto constructed China's first aluminum wheel production plant for commercial vehicles and began offering aluminum wheels at the end of 2013. The Company's aluminum wheels are expected to replace imported aluminum wheels and to be an alternative to current steel wheel models. Current production capacity for aluminum wheels is 500,000 units per annum.

Mr. Jianhui Lai, chairman and chief executive officer, commented, "Our selection by CIMC-Chery Auto is an acknowledgement of the performance and fuel efficiency of our aluminum wheels compared with standard steel wheels. The addition of our aluminum wheels further adds to our comprehensive wheel product line. Aluminum wheels represent a substantial growth opportunity and they position us to expand our leadership as the largest commercial wheel producer in China."

About China Zenix Auto International Limited

China Zenix Auto International Limited is the largest commercial vehicle wheel manufacturer in China in both the aftermarket and OEM market by sales volume. With a large intellectual property portfolio, the Company offers more than 430 series of tubed steel wheels, tubeless steel wheels, and off-road steel wheels in both the aftermarket and OEM market in China and internationally. The Company's customers include group members of a number of large PRC commercial vehicle manufacturers, and it also exports products to over 80 distributors in more than 30 countries worldwide. With five large, strategically located manufacturing facilities in multiple regions across China, the Company has an aggregate annual production capacity of approximately 15.0 million units of steel wheels as of June 30,2014. For more information, please visit: http://www.zenixauto.com/en.

Safe Harbor

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. The Company may make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these risks is included in our filings with the SEC. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law.

For more information, please contact

Investor Contact:

Kevin Theiss
Grayling
Tel: +1-646-284-9409
Email: [email protected]

SOURCE China Zenix Auto International Limited

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