Lizhong Group Wins Aluminum Alloy Wheel Projects from Two Automobile M

Published: May 10, 2024 12:22

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Lizhong Group Wins Aluminum Alloy Wheel Projects from Two Automobile Manufacturers

Lizhong Sitong Light Alloy Group Co., Ltd. (hereinafter referred to as "Lizhong Group") announced that its subsidiary, Tianjin Lizhong Wheel Co., Ltd., has recently received the project notification for aluminum alloy wheel projects from an international luxury automobile manufacturer (Client 1) and an internationally renowned automobile manufacturer (Client 2).

The project for Client 1 is expected to begin mass production in the second half of 2026, with a project lifecycle of 4-5 years, and an estimated sales amount of approximately RMB 210 million within the project cycle. The project for Client 2 is expected to begin mass production in April 2025, with a project lifecycle of 5 years, and an estimated sales amount of approximately RMB 1.2 billion within the project cycle. It is reported that in 2023, Lizhong Group achieved a revenue of RMB 23.365 billion, with a net profit of RMB 606 million. The sales volume of aluminum alloy wheels was 21.2 million units, with sales revenue of RMB 8.841 billion.

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