The Italian Piaggio Group and the Chinese Foton Motor to jointly produce new electrically powered light commercial vehicle
(PRESS RELEASE) MANTUA, Italy, 29-Nov-2022 — /EuropaWire/ — Piaggio & C. S.p.A. (PIA.MI), one of the world’s leading companies with focus on the light mobility market, has announced a new preliminary partnership agreement with Foton Motor Group, a Chinese enterprise with a business scope covering a full series of commercial vehicles including medium and heavy-duty, aimed at the development of a new range of four-wheel electric light commercial vehicles. The new agreement consolidates the partnership established by the two groups 5 years ago (September 2017) for joint development of innovative solutions for the light commercial vehicles market.
Over the coming months, a team of representatives from the two groups will work on the development and approval of a production and commercial plan and on the contractual documents with a view – in the event of a successful outcome of the above activities – to finalising the technical documentation for the project and the contracts by Spring 2023.
For further information:
Corporate Press Office
Diego Rancati
Via Broletto, 13 – 20121 Milan
+39 02 319612 19
diego.rancati@piaggio.com
Product and Racing Press Office
Paolo Pezzini
+39 02 319612 18
paolo.pezzini@piaggio.com
press@piaggio.com
Investor Relations
Raffaele Lupotto
Viale Rinaldo Piaggio, 25
56025 Pontedera (PI)
+39 0587 272286
investorrelations@piaggio.com
piaggiogroup.com
Image Building
Via Privata Maria Teresa, 11 – 20123 Milan – Italy
+39 02 89011300
piaggio@imagebuilding.it
SOURCE: Piaggio & C. SpA
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