LEAPMOTOR responds to rumors that "China FAW is planning to acquire a stake in LEAPMOTOR."

Zhitong
2025.08.29 06:29

Regarding the rumor that "China FAW is planning to acquire a stake in Leapmotor," Leapmotor's Senior Vice President Cao Li responded during the Chengdu Auto Show on August 29. He stated, "I am also puzzled about the cooperation with FAW. The cooperative projects in the strategic agreement have been progressing. There are other cooperation contents such as equity, and we will officially announce them as soon as possible." Previously, on August 20, multiple media outlets reported that China FAW was planning to acquire a stake in Leapmotor to become a strategic shareholder. According to sources, FAW plans to make an initial offer to acquire about 10% of Leapmotor's shares, and this proposal is currently being circulated and promoted within the relevant departments of FAW

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2025 Longbridge｜Disclaimer