SORL Auto Parts wins contracts to supply to the first BRT in Shanghai [Seeking Alpha]
SORL AUTO PARTS (SORL)
Last sorl auto parts earnings: 11/14 04:25 pm
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Source: Seeking Alpha
SORL Auto Parts wins contracts to supply to the first BRT in ShanghaiSORL Auto Parts (NYSE:SOR) recently won major supply contracts from the Shanghai Municipal Transportation Commission.SORL is the exclusive supplier of electric air compressors to all buses for Shanghai's municipal bus route 71.SORL is also the exclusive supplier of electric air compressors to all buses for Shanghai's first Bus Rapid Transit ("BRT") system.Mr. Xiaoping Zhang, SORL's Chairman and Chief Executive Officer, stated, "We continue to dominate the Chinese bus market whether from an OEM or from an aftermarket perspective. Since Shanghai is China's window to the world, we are proud that our products are among the most trusted products for Shanghai's municipal transportation. As the largest braking system provider to the Chinese commercial vehicle market, we are well positioned to benefit from ongoing urban planning and vehicle upgrades."Press ReleaseNow read:Quick Thoughts On UTG's Concluded Rights Offering, Pa
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