Wonder Auto Technology, Inc., based in Jinzhou City, Liaoning, China, recently posted their latest edition of forecasts. For some time the company has been focused on creating parts and electrical components for the small to midsized engines. Perhaps it was an exercise in divination or just simply a visionary idea, but that glimpse into the future has paid off in a big way. Third quarter revenues grew to just over a record 39 million dollars, representing a 44% increase over comparable third-quarter revenues of just over 27 million dollars last year.
Increased demand for smaller starters, for example, has grown enormously. Export sales grew by a substantial 138% to $6.2 million, as compared to export sales in the third quarter of 2007. The company currently sells five different series and over 150 models of alternators, 70 models of starters and various suspension-related parts, supplying a number of auto makers, engine producers and auto parts suppliers in China and abroad. Some of the company’s customers include: Beijing Hyundai Motor Company; Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd.; Harbin Dongan Automotive Engine Manufacturing Co., Ltd.; and Tianjin FAW Xiali Automotive Co., Ltd.
While U.S. car manufacturers are struggling with way to keep the lights on, companies like Wonder Auto Technology are thriving. Total sales for all of 2008 are expected to be approximately 150 million dollars. The company’s current estimate for total 2009 revenues is for between 220 million dollars and 230 million dollars, which is an increase from previous guidance. As consumers demand smaller and more fuel efficient cars, success for companies like Wonder Auto will only increase.
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