BEIJING, Dec. 9, 2022 /PRNewswire/ --  The Chairman and CEO of Piaggio & C. S.p.A. (PIA.MI), Roberto  Colaninno, and  the  Vice  General  Manager of  Foton Motor Group, Wang  Shuhai, signed a preliminary agreement in  Mantua for the development of a new range of four-wheel electric light commercial vehicles. The agreement consolidates the partnership set up by the two groups in 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.

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