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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.
Anhui Tesitong, a subsidiary of Zhongding Co., has been selected as the batch supplier for thermal management hose assemblies for Leapmotor's C01 new energy vehicle project, with a total contract value of approximately 4.0 billion yuan over 6 years.