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FAW Invests 3.74 Billion Yuan in Leapmotor Stake

12/29/2025

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Summary

Story summary

First Automotive Works (FAW) Group, China's state-owned automaker, will buy a 5% Leapmotor stake for 3.74 billion yuan.
The investment signals growing confidence in Leapmotor, which aims to deliver 4 million units annually in ten years.
Leapmotor CEO Zhu Jiangming said the move will boost production and customer experience.
FAW vice-president Li Tengfei said the partnership will support joint development of new EV models and raise Leapmotor’s brand awareness.

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Story summary

First Automotive Works (FAW) Group, China's state-owned automaker, will buy a 5% Leapmotor stake for 3.74 billion yuan.
The investment signals growing confidence in Leapmotor, which aims to deliver 4 million units annually in ten years.
Leapmotor CEO Zhu Jiangming said the move will boost production and customer experience.
FAW vice-president Li Tengfei said the partnership will support joint development of new EV models and raise Leapmotor’s brand awareness.