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Leapmotor and Faurecia have incorporated Jinhua Leapmotor Faurecia Automotive Components Co., Ltd. with a registered capital of 45 million yuan to produce automotive components and accessories. The joint venture will build a production base in Jinhua, Zhejiang, with an annual capacity of 350,000 units of automotive seats by 2025.
“Under the agreement, the two parties will collaborate to establish a new energy vehicle supporting industrial production base in Jinhua Economic and Technological Development Zone, Jinhua city, which is located in East China's Zhejiang Province.”autonews.gasgoo.com
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