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On September 17, China FAW Group and Leapmotor held a signing ceremony in Huzhou, Zhejiang Province. Leapmotor plans to participate as a strategic investor in the Series A financing of Qixin Power (Changchun) Technology Co., Ltd., a subsidiary of FAW Group. The two sides will deepen collaboration and resource sharing in powertrain areas such as hybrid engines and electric drive systems. Meanwhile, Leapmotor signed a technology cooperation agreement with FAW's China Automotive New Energy Battery Technology Co., Ltd. The two sides will collaborate on research and development of cutting-edge battery technologies such as solid-state batteries, advance the development and application of standardized battery cells, and explore battery recycling and overseas industrial chain collaboration.
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