US EditionChina’s oldest carmaker FAW buys US$534 million stake in EV assembler Leapmotor
8 Articles
8 Articles
State-controlled group takes over 5% of Leapmotor
China’s FAW Group purchases 5% stake in Leapmotor
FAW Group has announced it is investing around 3.74 billion yuan (around RM2.16 billion) in Leapmotor. This comes after both parties signed a domestic share subscription agreement on December 28, 2025, which will see Leapmotor issue nearly 75 million new shares to FAW’s subsidiary, FAW Equity Investment. With this, FAW Equity Investment will acquire a 5% equity in Leapmotor at a cost of approximately 50.03 yuan (RM28.95) per share, reports CarNe…
With very good results, Leapmotor increases the growth prospects in the coming years: disproportionate ambitions, and... Read more Rain of new developments and disproportionate ambitions for Leapmotor, the Chinese brand linked to Stellantis appeared first on Automobile Clean.
Four million cars sold annually. This is the pattern that the Chinese Leapmotor wants to reach in the next ten years. The goal was drawn by executive director Zhu Jiangming, who wrote in a publication on the WeChat social network: "When the Leapmotor was founded in 2015, we set a clear goal for ourselves: to become a company of world-class intelligent electric vehicles. My idea at the height was that a world-class electric manufacturer should re…
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