Haldex supplies anti-lock braking system to leading Chinese Bus Manufacturers

Two of the leading Chinese Bus manufactures Suzhou Kinglong and Golden Dragon have chosen Haldex as the supplier of ABS (Anti-lock Braking System), TK+.

Two of the leading Chinese Bus manufactures, Suzhou Kinglong and Golden Dragon, have chosen Haldex as the supplier of Anti-lock Braking System, TK+. Serial supply to both customers has already started.

The Haldex TK+ is a cost effective and expandable system for ABS or ABS/ASR on trucks and busses, using the latest communication standards for both engine control and diagnostics and combining proven pneumatic technology with the latest in electronic circuit design.

“We are very pleased that major OEMs in China have chosen Haldex as their supplier. This strengthens our position of brake control systems for truck and bus market in China, which is in line with Haldex previously communicated strategic focusing on growth in emerging market”, said Aichang Li, Senior Vice President, Head of China.

“We aim to take full advantage of the expected market growth in the commercial vehicle industry in China and leverage Haldex established position which we intend to strengthen even further through our own local production,” says Jay C. Longbottom, President and CEO, Haldex AB. “The adaptation of higher quality technology will continue to drive Haldex expansion in China. Contracts like these are central to our growth strategy.”

Haldex in China has production located in Suzhou, a broad sales network and the head office situated in Shanghai.

For further information, please contact:
Andreas Richter, Vice President Corporate Communications, +46 (0) 706 82 37 79
Kristina Brink, Corporate Communications Manager, +46 (0) 705 90 91 40

Haldex (www.haldex.com (http://www.haldex.com/)), headquartered in Landskrona, Sweden, is a provider of proprietary and innovative solutions to the global vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Nasdaq OMX Stockholm Stock Exchange and had net sales of nearly 3.7 billion SEK in 2010. The number of employees amounts to about 2,200.

Haldex AB (publ) is required to publish the above information under the Swedish Financial Instruments Trading Act. The information was submitted for publication on September 22, 2011 at 8.30 am CET.

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About Us

Over 100 years of powerful innovation gives Haldex unsurpassed expertise when it comes to braking systems and air suspension systems for heavy trucks, trailers and buses. We live and breathe our business with the goal to deliver robust and technically superior solutions which is founded in a deep insight in our customer’s reality. Through focusing on our core competences and the passion we all share, we achieve the agility and flexibility that the market demands. Innovative collaborations aren’t only the core of our products, but our philosophy. Our 2300 employees, spread out across four continents, challenge the conventional on a daily basis in order to secure that the products we deliver create a unique value to our customers and the end users. We are listed on Nasdaq Stockholm and have a turnover of approx. 5 billion SEK.

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