Lizhong Group: Subsidiary awarded with 2.17 billion yuan designated for aluminum alloy wheel project.

Jinshi data news on November 3, Lizhong Group announced that its subsidiaries Xintai Wheel and Baoding Wheel have received designated notices for the aluminum alloy wheel projects of Customer 1, Customer 2, and Customer 3, respectively. Customer 1 project is expected to start mass production in July 2026, with a sales amount of approximately 1.38 billion yuan during the project period; Customer 2 project is expected to start mass production in February 2025, with a sales amount of approximately 530 million yuan during the project period; Customer 3 project is expected to start mass production in March 2025, with a sales amount of approximately 260 million yuan during the project period. The total sales amount of Customer 1, Customer 2, and Customer 3 projects is expected to be approximately 2.17 billion yuan during the project period. This designated project does not rule out the possibility of other projects using the products in the future.