Lizhong Sitong signs exclusive wheel supply deal with Chinese EV maker worth $240M

Lizhong Sitong Light Alloys Group's unit Baoding Lizhong Wheel will exclusively supply aluminum alloy wheels for a leading Chinese electric carmaker's new model. The deal is worth CNY 1.8 billion ($240 million) over a three-year life cycle, with mass production starting in the second half of 2024.

“Lizhong unit Baoding Lizhong Wheel will supply the unidentified buyer with aluminum alloy wheels for pure electric cars.”yicaiglobal.com

• 1 source
• yicaiglobal.comLizhong Lands Exclusive Deal to Supply Major Chinese EV Maker With USD240 Million of WheelsTang ShihuaAug 28, 2023

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