Aptera Motors and Launch Design sign $44M production partnership targeting Q4 2026

Aptera Motors Corp

Aptera (Nasdaq: SEV) enters strategic partnership with Shanghai Launch Automotive, program valued up to ~$44M (RMB 300M).
Covers assembly fixtures, tooling, testing, pilot and high-volume production; first 40 production vehicles targeted for Q4 2026.
Aptera pays two-thirds of program costs in cash; remaining third (up to ~$15M) in warrants to purchase Aptera stock.
Launch has 3,000+ employees and 400+ vehicle models; will deliver finished subassemblies to Aptera's California facility.
Funding will come from existing capital, prior financing arrangements, and future debt or equity financing.

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