Monday, January 29, 2007

Wonder Auto Technology Having Healthy Market Expansion

In the auto world, we do not hear the names of too many Chinese companies. However, Chinese companies are coming up and they are going to challenge many global names in the auto industry. Wonder Auto Technology is doing well. I am stating here a press release that I found in PR Newswire:

Wonder Auto Technology, Inc., (OTC Bulletin Board: WATG) (''Wonder Auto'' or ''the

Company''), a China-based manufacturer of automotive electrical parts,

today announced it has added a number of new customers in both the

international and domestic starter and alternator markets during the second

half of 2006.

''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,'' commented Quingjie Zhao, the Wonder Auto's President and CEO.

Over the last six months, Wonder Auto has entered the Korean market by

securing contracts for first run orders with Doosan Infracore Co. Ltd. and

SW-Tech Corporation. Wonder Auto has also received orders for sample

products from LDV Group Limited, the 2nd largest commercial vehicle

manufacturer in UK. The relationship with LDV Group Ltd marks Wonder Auto's

entrance into the European market and is the first step for the Company in

meeting the high standards demanded by European manufacturers.

In the China marketplace, Wonder Auto's new contract wins include first

run orders from Beijing Benz-Daimler Chrysler Automation and Nanjing MG

Rover Motor Company Ltd. Both contracts broaden the Company's market

penetration beyond the mid and low end engine capacity market.

About Wonder Auto Technology, Inc.

Wonder Auto Technology, Inc., through its subsidiary, Jinzhou Halla

Electrical Equipment Co., Ltd., designs, develops, manufactures and sells

automotive electrical parts and is the second largest seller of automotive

alternators and starters in China. The Company's products are suitable for

various types of automobile. Most of its products are used in cars in the

sedan category, especially cars with smaller engines with displacements

below 1.6 liters. The Company's customers include Beijing Hyundai, Beijing

Daimler Chrysler, SAIC GM WuLing, FAW Auto Group, Chery, Geely and Tianjin

FAW XiaLi Automobile Co., as well as automotive engine suppliers such as

Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co. Wonder Auto

is a Nevada corporation with its manufacturing subsidiary Halla and its

corporate headquarters located in Jinzhou City, Liaoning, China.

Forward-Looking Statements

This press release contains forward-looking statements within the

meaning of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements are statements that are not historical facts.

Such forward-looking statements are based upon the current beliefs and

expectations of the Company's management and are subject to risks and

uncertainties, which could cause actual results to differ from the

forward-looking statements. The following factors, among others, could

cause actual results to differ from those set forth in the forward-looking

statements: business conditions in China, changing interpretations of

generally accepted accounting principles; legislation or regulatory

environments, requirements or changes adversely affecting the businesses in

which the Company is engaged; fluctuations in customer demand; management

of rapid growth; intensity of competition from other providers of auto

components; timing approval and market acceptance of new product

introduction; general economic conditions; geopolitical events and

regulatory changes, as well as other relevant risks not included herein.

The information set forth herein should be read in light of such risks. The

Company does not assume any obligation to update the information contained

in this press release.

For more information, please contact:

Investor Relations Contact:

Mark Collinson,


CCG Investor Relations

Tel: +1-310-477-9800 x117


Good, the more Chinese companies can shine the better. They can offer cheaper products. Car is considered to be for the rich men only. May be Chinese companies can make a difference.