On December 28, 2025, a pivotal signing ceremony unfolded in Hangzhou, marking a significant partnership between FAW Group and Leapmotor. During the event, FAW Equity Investment (Tianjin) Co., Ltd., a fully-owned subsidiary of FAW Group, alongside FAW Qixin Power (Changchun) Technology Co., Ltd., inked investment and cooperation pacts with Leapmotor. The ceremony was graced by the presence of Yao Gaoyuan, Deputy Secretary of the Hangzhou Municipal Party Committee and Mayor; Liu Yigong, Deputy Secretary of the FAW Group Party Committee and General Manager; and Zhu Jiangming, the visionary Founder, Chairman, and CEO of Leapmotor, who all bore witness to this momentous occasion.

As per the agreements, FAW Equity is set to acquire 74.832 million domestic shares of Leapmotor at a price of RMB 50.03 per share, culminating in a total investment of RMB 3.744 billion. Once the share subscription is finalized, FAW Equity will secure a 5% stake in Leapmotor, thereby assuming the role of a strategic shareholder. Additionally, Qixin Power will engage in resource-sharing initiatives with Leapmotor, aiming to foster joint development and collaborative manufacturing of powertrains, including plug-in hybrid and extended-range systems.