China Zenix Auto supplied aluminum wheels to CIMC-Chery auto JV

China Zenix Auto International Limited ZX, +0.00% ("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 the Company has supplied its premium aluminum wheels for new heavy-duty trucks produced by CIMC-Chery Auto's joint venture, C&C Trucks, for an export order.

C&C Trucks is a joint venture between China International Marine Containers Group Ltd. ("CIMC") and Chery Automobile Co., Ltd. ("Chery Auto") to produce a variety of premium trucks including heavy-duty road tractors, tippers and mixers, among other truck models. CIMC is a world leading equipment and solution provider in the logistics and energy industries with RMB32.0 billion in revenue for the first half of 2014. CIMC specializes in manufacturing and supplying containers, trailers, tank equipment and airport facilities. Chery Auto is China's fourth-largest automaker with 12 vehicle platforms including passenger vehicles, commercial vehicles and minivans. The C&C trucks are powered by a next generation diesel engine platform developed by Yuchai.

Zenix Auto constructed China's first aluminum wheel production plant for commercial vehicles and began offering aluminum wheels at the end of 2013. The Company's aluminum wheels are expected to replace imported aluminum wheels and to be an alternative to current steel wheel models. Current production capacity for aluminum wheels is 500,000 units per annum.

Mr. Jianhui Lai, chairman and chief executive officer, commented, "Our selection by CIMC-Chery Auto is an acknowledgement of the performance and fuel efficiency of our aluminum wheels compared with standard steel wheels. The addition of our aluminum wheels further adds to our comprehensive wheel product line. Aluminum wheels represent a substantial growth opportunity and they position us to expand our leadership as the largest commercial wheel producer in China."