Lizhong Group secures 10-year aluminum wheel supply contract worth RMB 5.53 billion

Lizhong Group's subsidiaries Xintai Wheel, Mexico Lizhong, and Baoding Lizhong secured fixed-point contracts for aluminum alloy wheel projects with two major customers. The first project has a 10-year lifecycle starting early 2025 with projected sales of RMB 5.24 billion, and the second a 5-year lifecycle starting May 2025 with projected sales of RMB 290 million.

“The project with Customer 1 is anticipated to begin mass production in early 2025 and will span a lifecycle of 10 years, with projected sales totalling approximately RMB 5.24 billion.”alcircle.com

• 1 source
• alcircle.comLizhong Group & subsidiaries signs 10-year long contract for aluminium alloy wheel productionSarnali ChakrabortyOct 25, 2024

Summarized from public sources; check the original articles before acting on it.