# Leapmotor and Faurecia form joint venture for NEV parts in Jinhua

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.

- Type: Partnership
- Announced: 2023-06-28
- Where: Jinhua, Zhejiang, China
- Value: $6.20M (45.0M CNY)
- Status: announced
- Capacity: 350,000 units of automotive seats per year
- Products: automotive seats, automotive components and accessories
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Faurecia](https://endata.com/companies/1483.md) (partner)
- [Leapmotor](https://endata.com/companies/55130.md) (partner)

## Sources

- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/news/leapmotor-faurecias-joint-venture-incorporated-to-produce-new-energy-vehicle-parts-70023146), 2023-06-28: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.