Aptera Motors signs $44M manufacturing deal with Launch Design
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August 20, 2026 8:00 AM EDT
CARLSBAD, Calif., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (Nasdaq: SEV), a solar mobility company, today announced a strategic investment by Launch Design (Shanghai Launch Automotive Technology Co., Ltd.), a design-for-manufacturing company with more than 3,000 employees, multiple production bases, and a portfolio of more than 400 vehicle models developed for automakers around the globe.
The partnership covers a production program valued at up to approximately $44 million (RMB 300 million) at current exchange rates, spanning assembly fixtures and tooling, vehicle testing, pilot production, and high-volume production work. Those first fixtures and parts are for Aptera's first 40... More
