Valmet Automotive, Jeti Industries plan electric bus production in Finland

Core Viewpoint - The collaboration between Valmet Automotive and Jeti Industries aims to produce modular electric buses in Finland, marking a significant step in the Nordic region's electric bus manufacturing under a contract model [1][2]. Group 1: Partnership Details - Valmet Automotive and Jeti Industries have signed a preliminary agreement for serial production at Valmet's Uusikaupunki plant, with ongoing discussions for definitive terms [1][2]. - This partnership is expected to leverage Valmet's extensive experience in manufacturing complex vehicles, allowing for rapid and reliable scaling of production [2][3]. Group 2: Sustainability and Regional Manufacturing - The initiative aligns with the European Union's stricter requirements on supply chain transparency and safety, promoting regional manufacturing and supporting Jeti Industries' growth [4]. - The planned assembly will incorporate domestic content in parts and labor, engaging Finnish suppliers throughout the automotive value chain [4]. Group 3: Strategic Expansion - Valmet Automotive's strategy includes expanding its serial production capabilities beyond passenger cars, utilizing its expertise in electrification and existing production assets [5]. - The collaboration is seen as a concrete step towards advancing Valmet's strategy in new industries, with Jeti Industries offering innovative products for an international market [5][6].