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SORL Auto Parts, Inc. (SORL) Unveils Power Steering Pump For The Chinese Electric Bus Market

|Includes: SORL Auto Parts, Inc. (SORL)

SORL Auto Parts, a leading global supplier of brake and control systems to the global commercial vehicle industry, today reported that it has launched its newly developed, electrically controlled power steering pump, marking a technological breakthrough for the global electric bus market. SORL's new power steering pump is more energy and cost efficient, environmentally friendly and has higher efficiency and a longer life span than traditional hydraulic power steering pumps. Installation and maintenance of the pump is effortless due to its small size and compact structure.

New energy electric vehicles are a focus of the Chinese government as it attempts to reduce carbon emissions and air pollution across the country. SORL has a long-term research and development program designed to position the company as the leader in developing electrically controlled auto parts for electric vehicle manufacturers worldwide. Just last month, the company launched its new generation of electric air brake compressors designed to be used in electric buses.

According to Chinese government plans, by 2015, there will be production and sales of over 500,000 electric and hybrid vehicles. And by 2020, the target is for Chinese production capacity of electric and hybrid vehicles to exceed 2 million vehicles. SORL's mission is to help China's government reach its goal by increasing the technological level of the Chinese auto industry with the introduction of more electrically controlled auto parts.

For further information on SORL Auto Parts and its breakthrough technologies, please visit the company's website at sorl.cn

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