SOURCE: Global Equity Reporter

June 17, 2011 09:00 ET

Market Research on Xinde Technology Company and China Automotive Systems, Inc. - Automotive on the Move

BEIJING--(Marketwire - Jun 17, 2011) - Today, announced its research report highlighting Xinde Technology Company (OTCBB: WTFS) and China Automotive Systems, Inc. (NASDAQ: CAAS). Full report download is available at

It is expected the Japan crisis will impact production of and availability of certain vehicles in the second and third quarters, both in Japan and abroad. The U.S. automotive demand looks to be trending higher on a year-over-year basis. The hope is for global demand to rise in 2011. Also, despite the persistent risks perceive and rising raw material costs, as well the sharp rise in oil and gasoline prices, S&P forecast steady improvement overall. High gas prices and insufficient economic growth will restrain expansion in the highly profitable light truck segment, which in turn could likely reflect a shift to green energy or hybrid vehicles, electric powered, smaller truck and SUVs to offset gas price increases.

Global Equity is reporting on Xinde Technology Company, because it's engaged in design, development, manufacture, and commercialization of fuel injection pumps, injectors, multi-cylinder diesel engines and small generator units mainly in the People's Republic of China. The Company's products compete in three product segments: fuel injection system products, diesel engine products and generator products. The full report and profile on Xinde Technology Company. (OTCBB: WTFS) is available here:

Global Equity Reporter brings China Automotive Systems, Inc. as a holding company and has no significant business operations or assets other than its interest in Great Genesis Holdings Limited (Genesis). Through Genesis, the Company manufactures power steering systems and other component parts for automobiles. All operations are conducted through eight Sino-foreign joint ventures in China and a wholly owned subsidiary in the United States. The full report and profile on China Automotive Systems, Inc. (NASDAQ: CAAS) is available here:

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