Key Points
NEW DELHI, Aug 31 (Reuters) - India's steel-to-energy JSW Group is in early talks with Chinese automaker Leapmotor (9863.HK) to license technology to build electric vehicles in India, according to people familiar with the discussions...
Under the technology licensing agreement, JSW would use Leapmotor's platform - the structural underpinnings of a car on which it is built - to manufacture EVs in India under its own brand name, the sources said, in the company's second attempt to enter the growing business...
JSW is likely to use a single platform on which it can build at least three mid-sized sport-utility vehicles (SUVs), one of the sources said, adding that Leapmotor will also engineer the cars for the Indian company...
Indian media reported this week that JSW is in talks with Chinese companies for technology and is also in discussions to acquire Ford Motor Co's (F.N) southern India plant where it stopped production last year after exiting the market...
A deal with JSW would be an opportunity for Leapmotor to earn revenues from the Indian market at a time when Chinese companies have struggled to set up manufacturing in the country after New Delhi tightened foreign investment rules from neighbouring countries, one of the sources said...
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