SORL Auto Parts, Inc., through its 90% ownership of the Ruili Group Ruian Auto Parts Co., Ltd., a Sino-foreign joint venture (the Joint Venture), develops, manufactures and distributes automotive air brake systems, air controlling systems and other related components to automotive original equipment manufacturers (OEMs), and the related aftermarket both in China and internationally. Its primary location is in Ruian City, Wenzhou, Zhejiang Province, People’s Republic of China. The Company’s main products include spring brake chambers, clutch servos, air dryers, and main valves and manual valves, all of which are used in the brake systems for various types of commercial vehicles, such as trucks and buses. On November 11, 2009, the Company entered into a joint venture agreement with MGR, a Hong Kong-based global auto parts distribution specialist firm and a Taiwanese investor. The new joint venture was named SORL International Holding, Ltd. (SIH).
| Analysts' Targets | | Brean Murray & Co. | $15 | | Buy | Thursday, April 08, 2010
| | Maxim Group | $14 | | Buy | Friday, January 08, 2010
| | Roth Capital Partners | $13 | | Buy | | Monday, January 04, 2010 |
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