Beijing (ZXZC)- On October 11, Chinese new energy vehicle maker Zhejiang Leapmotor Technology Co., Ltd. signed four industrial projects and one strategic cooperation agreement in Huzhou city, Zhejiang Province, with a total investment of approximately 4 billion yuan, according to the Huzhou city’s official public WeChat account.

Photo credit: Leapmotor

This follows the agreement in May this year when Leapmotor established a key new energy vehicle component project in the South Taihu New District. That project involved a 1.35-billion-yuan investment to build production lines for heat pump compressors, electronic water pumps, and vehicle power controllers, targeting an annual production of 6.8 million sets of key components for new energy vehicles.

The newly signed projects include production bases for the battery packs, automotive electronic modules, car lighting systems, and electric drives for new energy vehicles.

Additionally, Leapmotor entered a strategic cooperation with the Huzhou Industry Group, aiming for deeper collaboration in the research, manufacturing, and supply of key components for new energy vehicles, automotive electronics, and integrated energy projects.