Lizhong Sitong Light Alloys Group Co.,Ltd. (300428.SZ) announced that its subsidiaries—Lizhong Mexico S DE RL DE CV ("Lizhong Mexico"), NewThai Wheel Manufacturing Co.,Ltd. ("NewThai Wheel"), and Baoding Lizhong Wheel Manufacturing Co.,Ltd. ("Baoding Wheel")—have recently received project contracts for aluminum alloy wheels from a globally renowned automaker ("Customer 1"), a prestigious luxury car manufacturer ("Customer 2"), and a leading new energy vehicle producer ("Customer 3").
Customer 1's low-pressure cast aluminum wheel project is expected to commence mass production in January 2027, with a lifecycle of six years and estimated sales of approximately RMB697 million. Customer 2's forged and spun aluminum wheel project is slated for mass production in December 2027, spanning four years with projected sales of around RMB168 million. Customer 3's spun aluminum wheel project is anticipated to begin production in December 2025, lasting three years with estimated sales of RMB270 million.
Combined, the three projects are expected to generate total sales of approximately RMB1.135 billion over their respective lifecycles.
Comments