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SORL Auto Parts Expects Export Sales to Grow Approximately 30% in 2010

2009-12-29 19:09 1532

ZHEJIANG, China, Dec. 29 /PRNewswire-Asia/ -- SORL Auto Parts, Inc. (Nasdaq: SORL) ("SORL" or "the Company"), a leading manufacturer and distributor of commercial vehicle air brake systems as well as related auto parts in China, announced today that the Company's management has received foreign delegations from Brazil, India, Russia and the United States to visit SORL and tour its factory over the past several weeks.

The U.S. delegation was received by officials of the Chinese State Council and toured SORL's facilities. The U.S. delegation was led by Kevin A. Wolff, the commissioner of Bexar County, San Antonio, Texas and mainly consisted of other government officials and members of global corporations. Chairman and CEO Mr. Xiaoping Zhang with other senior managers, showcased SORL's advanced products in its exhibition room and its sophisticated production facility to the delegations. The foreign delegations expressed their favorable impressions regarding the production scale and advanced technology at SORL's factory.

SORL's Vice President and General Manager of International Trade, Mrs. Yu Jinrui, commented, "These recent foreign visits indicate that the global auto parts market has started to regain its vitality as overseas customer confidence is gradually picking up. These recent inquiries are an endorsement of the growing recognition of our products' high quality and the technological innovation of SORL. The interest shown by these potential global customers makes us believe that SORL's export sales will grow approximately 30% in 2010 compared with 2009 results."

Mr. Xiaoping Zhang, Chairman and CEO, commented, "As the recovery in the global export markets continue, we are implementing new strategic measures to maintain our export growth momentum. First, in 2010, we plan to increase our participation in various international trade shows to present more advanced braking products to potential foreign customers. Second, our engineering team will work closer with potential customers to expand our products' range, increase our value-added products, improve technical quality, and strengthen after-sales support to meet their needs. Finally, we will optimize our sales team to target not only the international aftermarket area, but also OEM sectors. We are confident that 2010 will be a very promising year."

About SORL Auto Parts, Inc.

As China's leading manufacturer and distributor of automotive air brake systems and other related auto parts, SORL Auto Parts, Inc. ranks first in market share in the segment for commercial vehicles weighing more than three tons, such as trucks and buses. The Company distributes products both within China and internationally under the SORL trademark. SORL ranks among the top 100 auto component suppliers in China, with a product range that includes 40 types of air brake valves and over 1000 different specifications. The Company has four authorized international sales centers in Australia, United Arab Emirates, India, and the United States, with additional offices slated to open in other locations in the near future. For more information, please visit http://www.sorl.cn .

Safe Harbor Statement

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "will", "believes", "expects" or similar expressions. These forward- looking statements may also include statements about our proposed discussions related to our business or growth strategy, which is subject to change. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov .

For more information, please contact:

At SORL Auto Parts, Inc.

Ben Chen

Director of Investor Relations

Tel: +86-577-6581-7721

Email: ben@sorl.com.cn

Kevin Theiss

Grayling

Tel: +1-646-284-9409

Email: kevin.theiss@us.grayling.com

Source: SORL Auto Parts, Inc.
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