Group 1 - China FAW Group and Leap Motor signed investment and cooperation agreements to enhance strategic collaboration in capital and powertrain sectors [1][3] - FAW's subsidiary, FAW Equity Investment (Tianjin) Co., will become a strategic shareholder of Leap Motor by subscribing to 74.832 million shares at a price of RMB 50.03 per share, totaling RMB 3.744 billion [3] - The share issuance represents 20.47% of the expanded total of domestic shares and 5% of the total expanded shares of Leap Motor [3] Group 2 - The partnership aims to leverage each company's strengths in the joint development and production of smart connected new energy vehicles, as well as global expansion [3] - This collaboration follows a strategic cooperation memorandum signed on March 3, 2025, indicating a long-term commitment to working together [3]

Core Viewpoint - The founder and chairman of Leap Motor, Zhu Jiangming, emphasized that the control of the founding team will remain unchanged despite the involvement of major shareholders [1] Group 1: Company Control and Shareholding - The company aims to ensure the control of the founding team, which is a fundamental principle that will not change [1] - Leap Motor's Vice President, Li Tengfei, stated that the investment agreements with Stellantis and FAW include clear provisions regarding shareholding ratios to maintain the founding team's control [1] - Leap Motor announced an agreement with FAW for the subscription of domestic shares at a price of RMB 50.03 per share (equivalent to HKD 55.29), resulting in FAW acquiring approximately 5% of the company's shares, making it a significant shareholder [1]

关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 2026年1月1日起，你的房贷可能下调！ 里程碑！人形机器人与具身智能标委会成立，王兴兴彭志辉发言 12月29日早间，零跑汽车（09863.HK）创始人、董事长朱江明回应第一财经称，要保证实控人的控制权，这是不会改变的。有了大股东的加入和支持， 以及战略层面和产品层面的合作，公司的稳定性会更强。零跑副总裁李腾飞表示，无论是跟斯特兰蒂斯还是和一汽的合作，投资协议里对股权的比例都有 明确的约定，来保证公司实控人团队的实控地位。 今日早些时候，零跑汽车公告称，与一汽订立内资股认购协议，约定由一汽股权以每股人民币50.03元（相当于港元55.29元）认购74,832,245股内资股。认 购完成后，一汽股权将持有约5%的公司股份，成为重要股东之一。 来源：第一财经 记者：葛慧 ...

Group 1 - The core viewpoint of the article is that Leap Motor (09863) has seen a significant stock price increase following the announcement of a strategic investment agreement with FAW Holdings [1] - Leap Motor's stock rose over 6% in early trading, reaching a price of 52.5 HKD, with a trading volume of 158 million HKD [1] - The company will issue 74.8322 million domestic shares to FAW Holdings at a subscription price of 50.03 RMB per share (approximately 55.29 HKD), representing a 10.71% premium over the closing price of 49.94 HKD on December 24 [1] Group 2 - The total amount raised from this issuance is approximately 3.744 billion RMB (about 4.1375 billion HKD) [1] - The funds will be allocated as follows: around 50% for research and development, 25% for working capital and general corporate purposes, and the remaining 25% for expanding sales and service networks and enhancing brand awareness [1] - The shares subscribed by FAW Holdings will have a one-year lock-up period, establishing a foundation for future collaboration between the two companies in commercial and industrial sectors [1]

Group 1 - The automotive stocks are experiencing a significant rise, with Xpeng Motors up 6.18% at HKD 80.75, Leap Motor up 5.33% at HKD 52.6, BYD up 4.75% at HKD 98.05, and Geely up 4.79% at HKD 17.71 [1] - A report from Founder Securities indicates that the central economic work conference and the Ministry of Finance have clarified the optimization of the "two new" policies, with multiple regions selecting enterprises for vehicle replacement programs [1] - Media reports suggest that the national subsidy will continue until 2026, with a maximum subsidy of CNY 30,000 per vehicle, focusing on phasing out old high-emission vehicles while enhancing subsidies for new energy vehicles and increasing the pure electric range threshold for hybrid models [1] Group 2 - The report notes that after the exit of replacement and upgrade subsidies in various regions, the industry has not seen a tail effect, and the pressure in the car market is expected to increase in Q1 2026 due to the gradual reduction of new energy vehicle purchase tax exemptions [1] - Positive signals are continuously released from the policy side, with the National Market Supervision Administration publishing compliance guidelines for automotive industry pricing behavior, leading to a response from companies like BYD and Xpeng, resulting in a slowdown in price competition and an improved competitive environment [1] - Some cities have begun deploying new national subsidy-related work, indicating that the industry may see the implementation of policy details and supplementary support, highlighting the bottom configuration value of leading automotive companies and the potential for policy-driven market improvement [1]

他还提到，零跑的价值远远大于当前的股价表现，"从目前来看，零跑的估值还是比较低的。"他说。 新浪科技讯 12月29日上午消息，在零跑十周年发布会后，零跑科技创始人、董事长、CEO朱江明等高 管团队与媒体对话。 对于发布会上提到的进入世界级车企的目标，朱江明表示，这意味着要进入汽车行业前十名，做到年销 400万辆的规模，目前国内已经有一两家企业进进入了这一行列，未来至少会有五家中国企业能进去前 十。 对于新势力与世界级车企的区别，他表示，新人是一张白纸，可以更加自如，缺点是经验没有那么丰 富，可能会走一些弯路。新势力没有那么多包袱，可以轻装上阵。传统车企两条腿走路，规模更大。新 势力经过十年的磨练，现在要更多看中国和全球汽车整体大盘，这样才能有更好的成长。 新浪科技讯 12月29日上午消息，在零跑十周年发布会后，零跑科技创始人、董事长、CEO朱江明等高 管团队与媒体对话。 对于发布会上提到的进入世界级车企的目标，朱江明表示，这意味着要进入汽车行业前十名，做到年销 400万辆的规模，目前国内已经有一两家企业进进入了这一行列，未来至少会有五家中国企业能进去前 十。 对于新势力与世界级车企的区别，他表示，新人是一张白 ...

Group 1 - The core point of the announcement is the investment agreement signed between Leap Motor and China FAW, where Leap Motor will issue 74,832,245 domestic shares to FAW's wholly-owned subsidiary, acquiring a 5% stake [1][3] - The subscription price for the domestic shares is set at RMB 50.03 per share, totaling approximately RMB 37.4386 billion (around HKD 41.375 billion) to be used for R&D, expanding sales and service networks, and enhancing brand awareness [3] - The collaboration between Leap Motor and FAW's subsidiary, Qixin Power, aims to share resources and jointly develop and produce hybrid and extended-range powertrains, indicating a strategic partnership focused on technological synergy [3] Group 2 - The strategic cooperation memorandum signed on March 3, 2025, between Leap Motor and China FAW highlights the long-term mutual trust and technological complementarity between the two parties [3] - The partnership is set to expand into capital and powertrain areas, leveraging each other's strengths in smart connected new energy vehicle R&D, collaborative production, and global layout [3] - This collaboration aims to accelerate the transformation of China from a "big automotive country" to a "strong automotive country," contributing to the high-quality development of the Chinese automotive industry [3]

12月29日早间，零跑汽车（09863.HK）创始人、董事长朱江明回应第一财经称，要保证实控人的控制 权，这是不会改变的。有了大股东的加入和支持，以及战略层面和产品层面的合作，公司的稳定性会更 强。零跑副总裁李腾飞表示，无论是跟斯特兰蒂斯还是和一汽的合作，投资协议里对股权的比例都有明 确的约定，来保证公司实控人团队的实控地位。 编辑 ｜心一 今日早些时候，零跑汽车公告称，与一汽订立内资股认购协议，约定由一汽股权以每股人民币50.03元 （相当于港元55.29元）认购74,832,245股内资股。认购完成后，一汽股权将持有约5%的公司股份，成 为重要股东之一。 记者｜葛慧 ...

Core Viewpoint - Leap Motor's founder and chairman, Zhu Jiangming, emphasized the importance of maintaining control by the actual controller, which will not change, ensuring the company's stability with the support of major shareholders and strategic collaborations [1] Group 1: Company Developments - Leap Motor announced a subscription agreement with FAW, where FAW will subscribe to 74,832,245 domestic shares at a price of RMB 50.03 per share (approximately HKD 55.29), resulting in FAW holding about 5% of the company's shares post-subscription [1] - Leap Motor's Vice President, Li Tengfei, stated that the investment agreements with both Stellantis and FAW include clear provisions regarding equity ratios to ensure the control position of the company's actual controller team [1]

零跑汽车（09863）早盘一度涨超6%，截至发稿，股价上涨3.92%，现报51.90港元，成交额2.19亿港 元。 零跑汽车宣布，公司与一汽股权订立内资股认购协议，公司将向一汽股权发行7483.22万股内资股或占 扩大后已发行股份5%，认购价为每股内资股50.03元人民币（约55.29港元），较零跑汽车12月24日收盘 价49.94港元溢价10.71%，公司所得款项总额约37.44亿人民币（约41.375亿港元）。 据悉，募集资金将用于三个主要方面：约50%用于研发投入；约25%用于补充营运资金及一般公司用 途；剩余25%用于扩大销售及服务网络并增强品牌知名度。一汽股权所认购的内资股将设置一年禁售 期。此次战略投资将为双方未来在商业和产业领域的合作奠定基础。 责任编辑：卢昱君 零跑汽车（09863）早盘一度涨超6%，截至发稿，股价上涨3.92%，现报51.90港元，成交额2.19亿港 元。 零跑汽车宣布，公司与一汽股权订立内资股认购协议，公司将向一汽股权发行7483.22万股内资股或占 扩大后已发行股份5%，认购价为每股内资股50.03元人民币（约55.29港元），较零跑汽车12月24日收盘 价49.94港元 ...