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 CarNewsChina. Meanwhile, the stake of Leapmotor founder Zhu Jiangming and his concert parties will drop to 22.6% from 23.8%.
Leapmotor is already backed by Stellantis, with the latter acquiring a 20% stake in late 2023 to become the company’s second-largest shareholder. Following the deal with FAW Group, Stellantis’ equity will drop to 19%. At the same time, FAW Qixin Power and Leapmotor will collaborate on plug-in hybrid (PHEV) and range-extended electric (REEV) vehicles.
In the first 11 months of 2025, Leapmotor’s deliveries reached 536,100 units, which represents a year-on-year increase of 114% – the company expects to hit 600,000 units for the full year. For 2026, the goal is one million units, while the larger target is four million units annually in 10 years’ time.
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if leapmotor is using stellantis gurun plant, i will be happy to hear that news…
the guys behind hongqi gasping for survival. they are a bit lagging behind in ev tech