Lizhong Group

Lizhong Group's subsidiaries Xintai Wheel and Baoding Wheel received project orders from three automotive customers for aluminum alloy wheels, with total expected sales of approximately CNY 2.17 billion.

Lizhong Group's subsidiaries Xintai Wheels and Baoding Wheels have received project nominations for aluminum alloy wheels from three customers: an international automaker (Customer 1), a leading new energy vehicle company (Customer 2), and a high-end smart EV customer (Customer 3), with total expected sales of approximately CNY 21.7 billion over the project lifecycles.

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.

Lizhong Group's subsidiaries received two aluminum alloy wheel supply contracts from two customers, with total expected sales of about 5.53 billion yuan over the project lifecycles. Customer 1 project starts early 2025 (10-year term, 5.24 billion yuan), Customer 2 project starts May 2025 (5-year term, 0.29 billion yuan).

Lizhong Group's subsidiary Longda Aluminum signed a contract for an automotive aluminum alloy new materials project in Xuzhou High-tech Zone, Jiangsu Province. Total investment is 300 million yuan (about 6.1 billion yen) with an annual capacity of 100,000 tons.