SORL Auto Parts

SORL Auto Parts, operating as a Sino-foreign joint venture under the name Ruili Group Ruian Auto Parts Co., Ltd., is a manufacturer and distributor of automotive brake systems and other key safety-related auto parts. The company was founded in 1987 by Xiao Ping Zhang, who has served as the Chairman and CEO since its inception. Mr. Zhang also founded the Ruili Group in 1987 and holds prominent positions in several Chinese automotive trade associations.

The company's business model is centered on developing, manufacturing, and distributing its products to a diverse client base. This customer base is segmented into three main groups: Original Equipment Manufacturers (OEMs) in China, aftermarket distributors in China, and international customers. SORL serves over 70 OEM customers in China, including major truck manufacturers like FAW and DongFeng. Its international presence is supported by sales centers in the UAE, India, the United States, and Europe. The company's revenue is generated from the sale of its extensive product portfolio to these various market segments. For instance, in 2017, China OEMs accounted for 46.1% of sales, China's aftermarket for 35.4%, and international markets for 18.5%.

SORL's product catalog is comprehensive, featuring a wide array of brake systems and safety components for both commercial vehicles and passenger vehicles. The core offerings include air brake systems, hydraulic brake parts, power steering pumps, anti-lock braking systems (ABS), and new energy vehicle parts. The company boasts a product range that spans 65 categories with over 2,000 specifications. This extensive selection is a key factor in its market position, allowing it to cater to a wide variety of commercial vehicles, including heavy-duty trucks and buses.

A significant milestone in the company's history was its listing on the NASDAQ global market in 2006. More recently, in May 2020, SORL Auto Parts completed a merger with Ruili International Inc., a consortium including its chairman and other directors. This "going private" transaction resulted in SORL becoming a wholly-owned subsidiary of Ruili International and its shares being delisted from NASDAQ.

Keywords: automotive brake systems, commercial vehicle parts, auto parts manufacturer, air brake systems, OEM auto parts supplier, automotive aftermarket, hydraulic brake parts, power steering pumps, ABS systems, China auto parts, Ruili Group, Xiao Ping Zhang, heavy-duty truck parts, bus brake systems, safety-related auto parts, international auto parts distributor, new energy vehicle parts, clutch servos, air dryers, spring brake chambers