Shanghai (ZXZC)- Leapmotor signed an agreement with local authority of Hangzhou Qiantang New Area earlier this week for the cooperation on the EV startup's new energy vehicle (NEV) projects and the goal of jointly building an industrial cluster for intelligent-connected vehicles (ICV).

As an important automobile base to Zhejiang province, Hangzhou has an open environment for innovation and entrepreneurship, and boasts advantages in the combination of automotive industry and digitalization. Qiantang New Area has formed a full-fledged auto-related industrial cluster that has gathered over 100 automakers and auto parts suppliers. Local government is also vigorously pushing ahead with the construction of an ICV industrial base.

Leapmotor C11; photo credit: Leapmotor

Through the strategic collaboration, both parties will help Hangzhou drive its transition for automobile manufacturing, and strengthen its leadership of digital economy in China.

Founded in December 2015 and headquartered in Hangzhou, Leapmotor engages in the design, R&D and manufacturing of intelligent electric vehicles, and the development of intelligent driving technologies, electric motors, electronic control units, battery system and cloud-based Internet of Vehicles (IoV) solutions. It is among the few companies in China that possesses complete R&D capabilities for intelligent electric vehicles.

Lingxin 01 chip; photo credit: Leapmotor

In October 2020, Leapmotor released its first in-house developed intelligent driving chip dubbed Lingxin 01. The chip adopts a core CPU processor called Xuantie C860 supplied by PingTouGe Semiconductor Co., Ltd., an Alibaba Group business entity specializing in semiconductor chips. It supports the connection with 12 cameras to achieve a 2.5D 360-degree panoramic view. The chip was first used in the C11 all-electric SUV, Leapmotor's third production model.