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LIZHONG SITONG Light Alloy Group Co., Ltd. and Toyota Tsusho Corporation signed a Letter of Intent for Strategic Cooperation Research to explore opportunities in aluminum recycling, including development, manufacturing, and sales of recycled aluminum alloys.
Subsidiaries Xintai Wheel and Baoding Wheel of Lizhong Sitong Light Alloy Group received designation notices for aluminum alloy wheel projects from a renowned automaker, a leading NEV company, and a smart EV customer, with estimated total sales of approximately RMB 2.17 billion.