National Press Release

BEIJING, Jan. 21 /PRNewswire-Asia-FirstCall/ -- Wonder Auto Technology, Inc., (Nasdaq: WATG) a leading manufacturer of automotive electrical and suspension parts in China, today announced its adjustments of the 2008 and 2009 Guidance.

    -- For 2008 guidance, the sales revenue is expected to be over $140
       million, reflecting a 37% YoY increase.
    -- For 2009 guidance, the sales revenue is expected to be over $200
       million, reflecting a 40% YoY increase.

Mr. Qingjie Zhao, chairman and CEO of Wonder Auto Technology, Inc. stated that "The global economy has shown a downturn trend after the subprime mortgage crisis in 2008, which has led to a slowdown of the growth rate for China's domestic auto market and export market. Accordingly, the company has adjusted its perspective performance because of the weak fourth quarter financials affected by the changing environment, but we will still able to maintain a growth rate of 37% for the whole of 2008."

Mr. Zhao continued, "The company has instituted a company-wide cost savings program to reduce various expenses and has, through its Research and Development efforts, implemented some technology innovations, raising production efficiency. The Chinese government has instituted a series of policies to stimulate internal consumer markets, promote automobile sales, improve auto financing and support the development of alternative energy vehicles. With 85% of our total revenue generated from China's market, and a continuous focus on the development of low-emission vehicle parts, we are very confident that we will maintain our fast-growing momentum in this market and will continue to provide favorable returns to our investors by implementing the competitive strategy of "Lower Cost Orientation," accelerating development of alternative energy vehicle parts and introducing new products, all resulting in us gaining more customers."

About Wonder Auto

Based in Jinzhou City, Liaoning, China, Wonder Auto Technology, Inc., through its Chinese subsidiaries, designs, develops, manufactures and sells automotive electrics, suspension products and engine accessories. Wonder Auto was ranked second in sales revenue in the China market for automotive alternator and starter in 2007. With respective 5 different series and over 150 models of alternators, 70 models of starters, various suspension, engine related parts, the Company supplies to a wide range of automakers, engine producers and auto parts suppliers both domestically and internationally. Wonder Auto's main customers include Beijing Hyundai Motor Company, Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd., Harbin Dongan Automotive Engine Manufacturing Co., Ltd., Tianjin FAW Xiali Automotive Co., Ltd, Shanghai VW and Weifang Diesel Engine. For more information, please log on to http://www.watg.cn .

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward- looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to new and existing products, product defects and any related product recall; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China; any statements of belief or intention; any of the factors and risks mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2007 and any subsequent SEC filings. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.

    For further information, please contact:

    Wonder Auto Technology, Inc.
     Lydia Zhao
     Assistant CFO
     Tel:   +86-10-8478-5339
     Cell:  +86-130-2118-4792
     Email: lydiaz@watg.cn

     Yechon Xie
     Investor Relations Manager
     Tel:   +86-416-266-1186
     Cell:  +86-137-0006-1685
     Email: ycxie@watg.cn

SOURCE Wonder Auto Technology, Inc.