Jiaxing, October 23, 2025 — Jiaxing Leroad Special Vehicles Co., Ltd. (“Leroad”)has officially signed a strategic cooperation agreement with German micro-mobility company XYTE GmbH (“XYTE”).With this partnership, Leroad will become both the development partner and manufacturing contractor for XYTE’s upcoming products.At the same time, Leroad’s parent company SOE will become a shareholder in XYTE through equity investment.

According to the agreement, starting from early 2026, Leroad will be entrusted by XYTE to undertake contract manufacturing for XYTE’s first model, the XYTE ONE (“ONE”). The two parties will engage in in-depth collaboration across product planning, engineering capability sharing, supply chain integration, and market expansion.

Founded in 2021 in Munich, Germany by Dr. Ziebart, XYTE focuses on developing innovative urban micro-mobility solutions. Dr. Ziebart previously held key leadership positions at BMW, Infineon, and Jaguar Land Rover as CTO and CEO. XYTE’s core engineering team is composed primarily of former BMW engineers, bringing profound technical expertise and strong industry influence.

As XYTE’s first model, the ONE embodies the design philosophy of “Safety, Efficiency, and Agility”, addressing urban challenges such as parking scarcity and traffic safety. The vehicle features an innovative three-wheel structure that minimizes parking space requirements, a high-strength cabin frame that allows drivers to operate without wearing a helmet, and a high-performance motor and chassis battery system that deliver exceptional handling and driving enjoyment.
At the 2025 IAA Mobility Show in Munich, the ONE received significant attention and high praise from industry leaders including VDA President Hildegard Müller and former Volkswagen CEO Herbert Diess. The model is expected to make its global debut in Paris in Q1 2026.

This partnership marks a major milestone for Leroad’s entry into the intelligent micro-mobility sector. Through strategic collaboration with XYTE, Leroad will further elevate its standards and capabilities in technology R&D, manufacturing, quality management, and global market expansion.
Amid an increasingly complex international environment, the cooperation will also help Leroad optimize its market structure, reduce reliance on any single overseas market, and enhance its overall resilience and sustainable growth potential.