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| Home : Investing Strategies : Check on China |
Check on China: SORL Auto PartsShannon Roxborough | Feb 14, 2008 6:20am EST | User Rating 5 The transport of people, materials and goods are crucial to China's monumental infrastructure build-out and its continued economic development. The nation's growth is pushing demand ever higher for passenger bus and commercial truck fleets, which is evidenced by a surge in truck and bus sales in China. In 2007, light truck sales rose 16%, heavy-duty truck sales soared $60% and bus sales were up some 20%. As the demand for commercial vehicles continues to grow, the fortunes of Sorl Auto Parts, Inc. (Nasdaq: SORL), China’s largest manufacturer of commercial vehicle air brake systems, stand to follow. SORL manufactures, markets and distributes a comprehensive line of over 40 categories of air brake valves and components for commercial vehicles weighing over three tons, such as hand and foot brake valves, spring brake chambers, exhaust relay valves, air dryers and clutch servos (pressure boosters). Since commercial vehicles' added weight means they take up to 40% farther than cars to stop, top-notch, braking systems are essential for truck and bus safety. With a strong reputation for using state-of-the-art technology to develop and build the highest quality and most advanced air brake systems in China, SORL is routinely awarded the "Top Supplier" designation for air brake systems by its major customers. The only company in China that specializes in air brake valve systems exclusively, SORL has superior brand recognition and an extensive national distribution network that gives it a decisive advantage over its competitors, allowing the company to control the lion's share of a highly fragmented domestic market. SORL has acquired vast experience in its specialty niche and forged solid relationships with China's 29 major automotive original equipment manufacturers (OEM), including Beiqi Foton, China's largest light truck manufacturer. The company also has a strong brand presence in the auto parts aftermarket, with exclusive contracts with close to 30 authorized distributors who only sell SORL-branded parts through over 800 sub-distributors nationwide. ---You can read the FULL article when you register (registration is free!) or sign-in to SmallCapInvestor.com---
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