Wonder Auto Technology Announces Development Agreements With Shenzhen BYD

JINZHOU CITY, China, December 29, 2008: Wonder Auto Technology, Inc. ("Wonder Auto" or the "Company"), a leading manufacturer of automotive electrical parts, suspension products and engine accessories in China, today announced that one of its subsidiaries, Jinzhou Halla Electrical Equipment Co., Ltd ("Jinzhou Halla"), has entered into development agreements with Shenzhen BYD Auto Company Limited ("Shenzhen BYD"). According to the development agreements, Jinzhou Halla will sign and develop starter and alternator prototypes for Shenzhen BYD, and sample deliveries will commence in March 2009 for road testing.

Shenzhen BYD is a sub-company affiliated to BYD Company Limited ("BYD"), a public company listed in Hong Kong stock exchange, and a leading car manufacturer in China. BYD's auto products include high-end, medium-end, and low-end cars and new energy vehicles such as Dual-Mode (a solely electric vehicle system and a hybrid power system) and pure electric cars.

"We believe BYD will play an important role in the future development of the automotive industry in China, especially in new alternative energy vehicles," Mr. Qingjie Zhao, chairman and CEO of Wonder Auto Technology, Inc. stated, "We are confident we will expand our customer base with such famous brand names as BYD even under the current recession, which will help maintain our sales growth momentum in the coming years."