# 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.

- Type: Contract
- Announced: 2024-10-08
- Value: $775.0M (5.53B CNY)
- Status: announced
- Products: aluminum alloy wheels
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Lizhong Group](https://endata.com/companies/64206.md)
- [Xintai Wheel](https://endata.com/companies/80695.md)
- [Mexico Lizhong](https://endata.com/companies/80696.md)
- [Baoding Lizhong](https://endata.com/companies/80697.md)

## Sources

- [alcircle.com](https://www.alcircle.com/news/lizhong-group-subsidiaries-signs-10-year-long-contract-for-aluminium-alloy-wheels-production-112354), 2024-10-25: "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."

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