Jiaxing, October 23, 2025 — Jiaxing LEROAD Special Vehicle Co., Ltd. (hereinafter referred to as "LEROAD") and German micro-mobility enterprise XYTE GmbH (hereinafter referred to as "XYTE") officially signed a strategic cooperation agreement. With the establishment of the strategic cooperative relationship, LEROAD will become the development partner and contract manufacturer for XYTE’s new products. Meanwhile, SOE, the parent company of LEROAD, will become a shareholder of XYTE through investment.

Pursuant to the agreement, starting from the beginning of 2026, LEROAD will be entrusted by XYTE to officially undertake the production of XYTE ONE (referred to as "ONE"), the company’s first model. The two parties will carry out in-depth cooperation in product planning, engineering capability sharing, supply chain coordination and market expansion.

Founded in Munich, Germany in 2021 by Dr. Ziebart, XYTE focuses on providing innovative urban micro-mobility solutions. Dr. Ziebart has held key positions such as CTO and CEO at internationally renowned enterprises including BMW, Infineon and Jaguar Land Rover. Its core team is mainly composed of former BMW engineering professionals, boasting profound technical accumulation and strong industry influence.

As XYTE’s debut model, ONE features the core design tenets of safety, efficiency and flexibility, focusing on solving the problems of parking difficulties and potential safety hazards in urban mobility. The model adopts an innovative three-wheel structure, which significantly reduces parking space occupancy; its high-strength cockpit frame enhances safety performance, enabling drivers to operate without wearing a helmet; at the same time, it is equipped with a high-power motor and undercarriage battery, delivering outstanding handling performance and driving pleasure. At the 2025 IAA Munich International Motor Show, ONE attracted wide attention and received positive comments from industry leaders including Hildegard Müller, President of the VDA, and Herbert Diess, former CEO of Volkswagen. The model is scheduled to make its global debut in Paris in the first quarter of 2026.