Search
Insider sources reveal that FAW Group's acquisition of a stake in Leapmotor is approaching its final stage, with both entities anticipated to sign the contract by the end of this year at the soonest. It has been reported that FAW initially intends to acquire a stake of around 5%. The previous day, Zhu Jiangming, Chairman of Leapmotor, once again refuted rumors of a 'FAW takeover of Leapmotor.' He clarified that ongoing discussions between the two sides are centered around equity-level cooperation, with the potential for future advancements. Zhu Jiangming further underscored that Leapmotor is keen on ensuring the founding team retains ultimate control. He stressed that even if FAW or other automakers decide to invest in Leapmotor, their role will predominantly be that of investors. This principle, he asserted, is non-negotiable for Leapmotor.
-
C114 Communication Network -
Communication Home
