QualityStocks would like to highlight SORL Auto Parts, Inc. (NASDAQ: SORL). The company, through its 90% ownership in Ruili Group Ruian Auto Parts Co., Ltd., engages in the development, manufacture, and distribution of automotive brake systems and other safety related auto parts in the Peoples Republic of China. The company offers a range of products covering 65 categories with approximately 2000 specifications in brake systems and others safety related auto parts that include spring brake chambers, clutch servos, air dryers, relay valves, and hand brake valves. Its products are principally used in various types of commercial vehicles, such as trucks and buses. The company markets its products under the SORL brand to automotive original equipment manufacturers and the related aftermarket. SORL Auto Parts, Inc. exports its products to approximately 104 countries and regions internationally. The company was founded in 2003 and is headquartered in Ruian City, the Peoples Republic of China.
In the company’s news yesterday,
SORL Auto Parts reported that it has launched its newly developed, electrically controlled power steering pump, marking a technological breakthrough for the global electric bus market. SORL’s new power steering pump is more energy and cost efficient, environmentally friendly and has higher efficiency and a longer life span than traditional hydraulic power steering pumps. Installation and maintenance of the pump is effortless due to its small size and compact structure.
New energy electric vehicles are a focus of the Chinese government as it attempts to reduce carbon emissions and air pollution across the country. SORL has a long-term research and development program designed to position the company as the leader in developing electrically controlled auto parts for electric vehicle manufacturers worldwide. Just last month, the company launched its new generation of electric air brake compressors designed to be used in electric buses.
According to Chinese government plans, by 2015, there will be production and sales of over 500,000 electric and hybrid vehicles. And by 2020, the target is for Chinese production capacity of electric and hybrid vehicles to exceed 2 million vehicles. SORL’s mission is to help China’s government reach its goal by increasing the technological level of the Chinese auto industry with the introduction of more electrically controlled auto parts.
About QualityStocks
QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts and connecting subscribers with companies that have huge potential to succeed in the short and long-term future.
To sign up for The QualityStocks Daily Newsletter, please visit www.QualityStocks.net
Please read FULL disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.net
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
