FAW Group has announced that it is investing about 3.74 billion yuan (about RM2.16 billion) in Leapmotor. This comes after both parties signed a domestic share subscription agreement on December 28, 2025, under which Leapmotor will issue nearly 75 million new shares to FAW’s subsidiary, FAW Equity Investment.
With this, FAW Equity Investment will acquire a 5% stake in Leapmotor at a cost of approximately 50.03 yuan (RM28.95) per share, reports AutoNewsChina. Meanwhile, the stake of Leapmotor founder Zhu Jiangming and his concert parties will drop from 23.8% to 22.6%.
Leapmotor is already backed by Stellantis, with the latter acquiring a 20% stake in late 2023, becoming the company’s second-largest shareholder. After 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 eleven months of 2025, Leapmotor’s deliveries reached 536,100 units, representing a 114% increase year-over-year – the company expects to reach 600,000 units for the full year. For 2026, the target is one million units, while the larger target is four million units per year over ten years.
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