Sorl Auto Parts, Inc(SORL.NSDQ)
Profile
WebSite:
http://www.sorl.cn/
Tel:
86-577-65817721
SORL Auto Parts, Inc., through its 90% ownership of the Ruili Group Ruian Auto Parts Co., Ltd., a Sino-foreign joint venture (the Joint Venture), develops, manufactures and distributes automotive air brake systems, air controlling systems and other related components to automotive original equipment manufacturers (OEMs), and the related aftermarket both in China and internationally. Its primary location is in Ruian City, Wenzhou, Zhejiang Province, People鈥檚 Republic of China. The Company鈥檚 main products include spring brake chambers, clutch servos, air dryers, and main valves and manual valves, all of which are used in the brake systems for various types of commercial vehicles, such as trucks and buses. On November 11, 2009, the Company entered into a joint venture agreement with MGR, a Hong Kong-based global auto parts distribution specialist firm and a Taiwanese investor. The new joint venture was named SORL International Holding, Ltd. (SIH).
Reports
- In-depth Report of Sorl Auto Parts, Inc(SORL.NSDQ)
- Credit Report of Sorl Auto Parts, Inc(SORL.NSDQ)
- Financial Report of Sorl Auto Parts, Inc(SORL.NSDQ)
- Global and China Automobile Brake System (Disc Brake, Drum Brake, ABS, EBD/CBC, EBA/BAS/BA/AEB, ESC/ESP/DSC, AUTO HOLD) Industry Report, 2016-20202016/6/3
SORL Auto Parts, Inc., incorporated in March 1982, through its 90% ownership of the Ruili Group Ruian Auto Parts Co., Ltd., a Sino-foreign joint venture (the Joint Venture), develops, manufactures and distributes automotive air brake systems, air controlling systems and other related components to automotive original equipment manufacturers (OEMs), and the related aftermarket both in China and internationally. Its primary location is in Ruian City, Wenzhou, Zhejiang Province, People’s Republic of China. The Company’s main products include spring brake chambers, clutch servos, air dryers, and main valves and manual valves, all of which are used in the brake systems for various types of commercial vehicles, such as trucks and buses. On November 11, 2009, the Company entered into a joint venture agreement with MGR, a Hong Kong-based global auto parts distribution specialist firm and a Taiwanese investor. The new joint venture was named SORL International Holding, Ltd. (SIH). SORL holds a 60% interest in the joint venture, MGR holds a 30% interest, and the Taiwanese investor holds a 10% interest.
The Company produces a range of products covering 40 categories and over 1000 specifications in air brake system, air controlling system and others, which are used in different types of commercial vehicles. Additionally, it offers a product line, including non-valve products, which are sourced from the Ruili Group. Such outsourced non-valve products include power steering pumps and other pumps, automobile electrical components and auto meters. The Company supports its products with a range of styling, design, testing and manufacturing capabilities, including just-in -time and in-sequence delivery. During the year ended December 31, 2009, the Company’s sales from air brake systems, air controlling systems and other related components accounted for 70.7%, 15.6%, 13.7%, respectively, of its total sales.
The Company competes with China VIE Group, China Shandong Weiming Automotive Products Co. Ltd., Chongqing CAFF Automobile Braking and Steering Systems Co., Ltd., WABCO and Knorr.