FAW Invests in Leapmotor: 3.744 Billion RMB for 5% Stake, Accelerating EV Cooperation
On December 29, FAW officially acquired approximately 74.83 million shares of Leapmotor at 50.03 RMB...
On December 29, FAW officially acquired approximately 74.83 million shares of Leapmotor at 50.03 RMB per share, totaling about 3.744 billion RMB, gaining a 5% stake.
Leapmotor plans to allocate the funds as follows:
- 50% for R&D
- 25% for operational capital
- 25% for expanding sales and service networks and enhancing brand recognition
The two companies also signed a cooperation agreement to deepen collaboration in intelligent connected EVs, joint production, and global expansion. The first overseas collaborative models have been finalized and are expected to enter mass production in the second half of next year.
Leapmotor CEO Zhu Jiangming emphasized that FAW’s investment strengthens company stability without altering actual control. The partnership provides key strategic resources for brand upgrade, global market expansion, and achieving an annual sales target of 4 million units.
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