China Zenix Auto is developing aluminum wheel for Yutong's new energy bus

China Zenix Auto International Limited (NYSE: ZX) ("Zenix Auto" or "the Company"), the largest commercial vehicle wheel manufacturer in China in both the aftermarket and OEM market by sales volume, announced today that it is developing a new model of aluminum wheel designed for the Yutong Bus Co., Ltd.'s ("Yutong") new energy bus.

Zenix Auto constructed one of the first aluminum wheel production plants in China for commercial vehicles and began offering aluminum wheels at the end of 2013. As an industry leader in research and development, Zenix owns a total of 85 patents in China. Zenix Auto's aluminum wheels are expected to replace imported aluminum wheels and be an alternative to current steel wheel models. Current production capacity for aluminum wheels is 500,000 units.

Yutong Bus Co., Ltd is the largest and the most technologically advanced manufacturer of large- and medium-sized buses in the world. Their revenue for the first quarter of 2014 reached RMB 4.4 billion. The Yutong new energy bus plant is expected to have annual production capacity for 30,000 units upon completion, making it the world's largest manufacturing facility of new energy buses.

Mr. Jianhui Lai, chairman and chief executive officer, commented, "This is the first application of Zenix's aluminum wheels on Yutong's new energy buses. We have the leading research and development team in the Chinese wheel industry, and we focus on generating innovative wheel designs to meet or exceed our customers' needs. This project highlights the confidence in our R&D capabilities to design superior products by one of the world's largest and technologically advanced vehicle manufacturers. With increasing demand for wheels that provide greater safety and fuel efficiency, we expect our cutting edge aluminum wheels to capture market share in the large Chinese commercial vehicle market."