SORL Enters into Product Development Agreement With China's Largest Commercial Vehicle Manufacturer

By Eddie Staley
Benzinga Staff Writer
September 13, 2011 7:11 AM

Symbols: SORL

SORL Auto Parts, Inc. (NASDAQ: SORL) announced today that the Company has entered into a product development agreement with China National Heavy Duty Truck Group Co., Ltd. SORL will supply braking valves and components to be fitted on light-duty vehicles.

The Company expects that sales to CNHTC will reach 15 million RMB in 2012.

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SORL Enters into Product Development Agreement With China's Largest Commercial Vehicle Manufacturer

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