Wuxi, China, Aug. 06, 2025 — Mingteng International Corporation Inc. (the “Company” or “Mingteng International”) (Nasdaq: MTEN), a Chinese automotive mold developer and supplier, 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. Lvkon is a leading, innovative company focused on power transmission systems for new energy commercial vehicles in China. This agreement signifies a major step in strengthening the strategic partnership between the Company and Lvkon, and will enhance their competitiveness in China’s rapidly expanding new energy commercial vehicle market.

According to the Agreement, both parties will concentrate their collaboration on key areas, including mold design and production, and the integrated delivery of new energy aluminum alloy components. The partnership aims to reinforce primary cooperation in the supply and procurement of die-casting and foundry molds, while also promoting deeper engagement through high-level management communication and the sharing of industry insights.

Mr. Yingkai Xu, Chairman and Chief Executive Officer of Mingteng International, stated, “We are excited to establish a comprehensive strategic partnership with Lvkon. Lvkon has demonstrated exceptional performance in the new energy heavy-duty truck motor market. According to data from Tencent News, Lvkon achieved 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 in the first quarter of 2024, maintaining a leading position in both segments. Statistics from Evpartner show that Lvkon held the top position in the new energy heavy-duty truck motors segment in 2024, with a 14.9% market share. While the new energy passenger car market has grown rapidly in recent years, the new energy commercial vehicle segment also offers significant growth opportunities, driven by strong government support and increasing demand for carbon emission reduction. In this context, Wuxi Mingteng and Lvkon are joining forces to capitalize on these emerging opportunities by leveraging their respective strengths. Currently, Lvkon accounts for approximately 9% of Mingteng International’s total sales. With Lvkon expanding its market presence and anticipated order growth, both parties have agreed to significantly increase new product development efforts in the second half of this year. Accordingly, we project that our total orders will double in 2026 compared to those of 2025, laying a solid foundation for Mingteng International’s future growth and accelerating our expansion in the new energy sector.”

About Suzhou Lvkon Transmission Technology Co., Ltd.

Suzhou Lvkon Transmission Technology Co., Ltd. is a leading, innovative enterprise specializing in power transmission systems for new energy commercial vehicles. Founded in 2011, Lvkon possesses five core technologies: architecture design of electric drive assembly systems for new energy vehicles, control strategy, special gearbox development, high torque density and high-efficiency drive motor, and controller. It has the capacity for fully independent design and production of key components such as gearboxes and motors. For more information, please visit Lvkon’s website: .

About Mingteng International Corporation Inc.

Based in China, Mingteng International Corporation Inc. is an automotive mold developer and supplier focused on molds used in auto parts. The Company provides customers with comprehensive and personalized mold services, including mold design and development, mold production, assembly, testing, repair, and after-sales service. With its production plant located in Wuxi, China, the Company aims to create a systematic solution for automobile mold services and deliver a personalized and integrated “Turnkey Project” for customers. The Company’s main products are casting molds for turbocharger systems, braking systems, steering and differential systems, and other automotive system parts. The Company also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in the automobile, construction machinery, and other manufacturing industries. For more information, please visit the Company’s website: .

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will prove to be correct. The Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to read the risk factors contained in the Company’s final prospectus and other reports it files with the SEC before making any investment decisions regarding the Company’s securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

For investor and media inquiries, please contact:

Mingteng International Corporation Inc.
Investor Relations Department
Email:

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email:

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