Search
At the Chengdu Auto Show on August 29, Cao Li, Senior Vice President of Leapmotor, addressed rumors circulating that "FAW Group is planning to acquire a stake in Leapmotor." Cao Li revealed that while he personally found the collaboration with FAW Group puzzling, the projects outlined in the strategic agreement between the two parties were progressing as scheduled. Should there be any developments regarding equity cooperation, the company would promptly issue official announcements. Earlier, on August 20, media outlets reported that FAW Group was contemplating acquiring a stake in Leapmotor, with initial intentions to make a tender offer for approximately 10% of its shares. This plan was said to be internally discussed and progressing within FAW Group.
-
C114 Communication Network -
Communication Home
