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Mingteng International’s Subsidiary Entered into Strategic Cooperation Framework Agreement with Suzhou Lvkon Transmission Technology to Strengthen Partnership and Enhance Competitiveness in the New Energy Commercial Vehicle Market
Wuxi, China, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Mingteng International Corporation Inc. (the “Company” or “Mingteng International”) (Nasdaq: MTEN), an automotive mold developer and supplier in China, today announced that its subsidiary, Wuxi Mingteng Mould Technology Co., Ltd., or Wuxi Mingteng, entered into a strategic cooperation framework agreement (the “Agreement”) with Suzhou Lvkon Transmission Technology Co., Ltd. (“Lvkon”) in July 2025, an innovative leading enterprise focusing on the powe
About this update from Mingteng International Corporation Inc.
[{"type":"image","alt":"Mingteng International Corporation Inc.","displaySize":"","headline":null,"caption":"Mingteng International Corporation Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":216,"url":"https://media.zenfs.com/en/globenewswire.com/81dfd4dd25ea0e283fa92e9e3f642f25"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/gTJzeq2PCdkAPH0DA6lvYQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTMwMjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/81dfd4dd25ea0e283fa92e9e3f642f25","width":300,"height":216}},"lazy":false},{"type":"text","content":"Wuxi, China, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Mingteng International Corporation Inc. (the “Company” or “Mingteng International”) (Nasdaq: MTEN), an automotive mold developer and supplier in China, today announced that its subsidiary, Wuxi Mingteng Mould Technology Co., Ltd., or Wuxi Mingteng, entered into a strategic cooperation framework agreement (the “Agreement”) with Suzhou Lvkon Transmission Technology Co., Ltd. (“Lvkon”) in July 2025, an innovative leading enterprise focusing on the power transmission systems for new energy commercial vehicles in China. This move marks a significant step in enhancing the Company and Lvkon’s strategic partnership and boost their competitiveness in China’s rapidly growing new energy commercial vehicle market.","length":758,"tagName":"p"},{"type":"text","content":"Pursuant to the Agreement, both parties agree to focus their collaboration on key areas, including mold design and production and the integrated delivery of new energy aluminum alloy components. The partnership aims to strengthen primary cooperation in die-casting and foundry molds supply and procurement, while fostering deeper engagement through high-level management communication as well as the exchange of industry insights.","length":430,"tagName":"p"},{"type":"text","content":"Mr. Yingkai Xu, Chairman and Chief Executive Officer of Mingteng International, commented, “We are thrilled to establish a full-scale strategic partnership with Lvkon. Lvkon has demonstrated outstanding performance in the new energy heavy-duty truck motor market. According to statistic from Tencent News, in the first quarter of 2024, Lvkon secured a market share of 19.1% in the new energy heavy-duty truck motor sector and 26.4% in the medium-duty truck motor sector, maintaining a leading positio...