Market Overview

SORL Receives 400-Unit Electric Air Compressor Order from Shen Zhen Wuzhoulong

SORL Auto Parts (NASDAQ: SORL) today announced the Company received a 400-unit order for its new electric air compressor from Shen Zhen Wuzhoulong Motors Group. Released in July 2012, the new electric air compressor is selling at 8,000 RMB per unit. In addition to Wuzhoulong, the Company has also received indication of purchasing interest for the same products from other large bus manufacturers in China.

Air brake compressors used in traditional vehicles are powered by an internal combustion engine. SORL's new generation of electric air brake compressors are powered by an electric motor, thereby increasing fuel conservation and reducing pollution. The new compressors have an extended life span as it is far easier to make them start or stop working. An electric air compressor is a necessity for all electric buses with an air brake system. 

Mr. Huaping Wang, the chief engineer of SORL, commented, "Electric powered bus is a new growth area in China. This contract demonstrates that the quality and design of our new electric air compressor is on par with global

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Posted-In: News Guidance Contracts Management Global

 

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