# 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.

- Type: Contract
- Announced: 2023-08-28
- Where: China
- Value: $240.0M (1.80B CNY)
- Status: announced
- Products: aluminum alloy wheels for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Lizhong Sitong Light Alloys Group](https://endata.com/companies/72280.md)
- [Baoding Lizhong Wheel](https://endata.com/companies/72281.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinas-lizhong-gets-usd240-million-wheel-order-from-leading-nev-maker), 2023-08-28: "Lizhong unit Baoding Lizhong Wheel will supply the unidentified buyer with aluminum alloy wheels for pure electric cars."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.