Leapmotor signed a contract for key parts project in Huzhou, Zhejiang

Leapmotor recently signed a contract for a new energy vehicle key parts project in Huzhou, Zhejiang, with a total investment of RMB 1.35 billion. The project includes the construction of heat pump compressor, electronic water pump and vehicle electronic power controller production lines, with an estimated annual output of 6.8 million sets of new energy vehicle key parts. After the project reaches full production, the annual output value is expected to reach RMB 4.3 billion and the annual tax revenue is RMB 300 million.