Wonder Auto Technology, which through its subsidiary, Jinzhou Halla Electrical Equipment, makes automotive electrical parts and is the second largest seller of automotive alternators and starters in China, has announced new domestic and foreign customers.
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Over the last six months, Wonder Auto has entered the Korean market by securing contracts for first run orders with Doosan Infracore and SW-Tech Corporation. It has also received orders for sample products from LDV Group, the second largest commercial vehicle manufacturer in the UK.
The relationship with LDV is Wonder Auto’s first move into the European market and is seen as the first step towards meeting the high standards demanded by European manufacturers.
”Our ability to expand and diversify our customer base demonstrates our competitiveness in both the domestic and international markets. We are particularly pleased that our technological strengths, cost-effective delivery and stringent quality control are enabling us to reinforce our leadership position in China and to quickly penetrate new international markets,” said company president and CEO Quingjie Zhao.
In China new contract wins include first run orders from Beijing Benz-Daimler Chrysler Automation and Nanjing MG Rover Motor Company. Both contracts broaden the Company’s market penetration beyond the mid and low end engine capacity market.
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By GlobalData
