Leapmotor plans to expand production capacity

Faced with the good trend of continued sales growth, Leapmotor decided to expand its production capacity. The production capacity of its Jinhua plant has been basically saturated, so the company is accelerating the construction of a new plant in Hangzhou, aiming to start production in the first half of next year. At the same time, Leapmotor is also planning a third plant, which is expected to be put into production at the end of next year or the beginning of the year after. The company said that by the end of next year, its production capacity layout target is 1 million vehicles to ensure sufficient production capacity in the future.