The Wheels Committee of the China Association of Automobile Manufacturers recently released the “Order of Export Amounts of Chinese Aluminum Wheel Exporting Enterprises in 2011”. Zhejiang Yueling Co., Ltd. ranks fifth in the country with an export value of nearly US$120 million.

Last year, in the face of many unfavorable factors, such as the slow recovery of the world economy, the spread of the European debt crisis, and the slowdown of the domestic economy, Yue Ling Company exerted its advantages in technology, brand, talents and customers in the industry, accelerated its transformation and upgrading, and After-sales market demand and the development trend of aluminum alloy wheels continue to increase the intensity of the development of high-strength, lightweight wheel products.

On the one hand, the company invested heavily in the field of aluminum wheels for high-end passenger cars, researching and developing new technologies, applying new materials, and introducing advanced equipment to produce aluminum alloy wheel products that meet market demand, attractive appearance and diversified shapes.

On the other hand, it promotes product innovation, expands product categories, avoids the highly competitive low-end product areas in the domestic and international markets, and focuses on the development of high- light, large-diameter high-end aluminum alloy wheels.

At the same time, Yueling Company will focus on cooperation with major foreign customers in 2011, sign a strategic cooperation framework agreement and implement a sales incentive mechanism to achieve a relatively stable customer base.

In 2011, the company achieved 3.44 million production of aluminum wheels for automobiles and 560,000 for motorcycle wheels. Its main business income was 865 million yuan and its tax profit was 160 million yuan. The foreign exchange earned through exports accounted for 119.4 million U.S. dollars, an increase of 35.4% from the 88.19 million U.S. dollars in 2010, which continued the rapid growth of trade exports and created new historical highs in the output, output value, tax profits, and foreign exchange earned through exports.