Core Viewpoint - Mingteng International Corporation has entered into a strategic cooperation framework agreement with Suzhou Lvkon Transmission Technology to enhance competitiveness in the new energy commercial vehicle market in China [1][3]. Group 1: Strategic Partnership - The agreement focuses on collaboration in mold design, production, and the integrated delivery of new energy aluminum alloy components [2]. - The partnership aims to strengthen cooperation in die-casting and foundry molds supply and procurement, along with high-level management communication and industry insights exchange [2]. Group 2: Market Position and Growth Potential - Lvkon holds a significant market share of 19.1% in the new energy heavy-duty truck motor sector and 26.4% in the medium-duty truck motor sector as of Q1 2024 [3]. - Lvkon ranked first in the new energy heavy-duty truck motors segment in 2024 with a 14.9% market share [3]. - The new energy commercial vehicle segment is expected to grow due to strong government support and rising demand for carbon emission reduction [3]. Group 3: Future Expectations - Mingteng International anticipates that total orders will double in 2026 compared to 2025, driven by increased product development efforts in collaboration with Lvkon [3]. - Currently, Lvkon contributes approximately 9% to Mingteng International's total sales, indicating potential for growth as Lvkon expands its market presence [3].