Feng Huang Wang·2025-08-20 09:02Core Viewpoint - China FAW Group has denied knowledge of the rumored acquisition of a 10% stake in Leap Motor, despite previous collaborations between the two companies [1] Group 1: Strategic Cooperation - China FAW and Leap Motor signed a Strategic Cooperation Memorandum on March 3, focusing on joint development of new energy passenger vehicles and component cooperation to enhance product competitiveness [1] - The cooperation includes two dimensions: technology research and development, and capital collaboration, with both parties exploring the feasibility of deepening capital cooperation for resource synergy across the entire industry chain [1] Group 2: Project Development - Leap Motor has been selected as a partner for the Red Flag brand G117 vehicle joint development and platform licensing fee technical procurement project, as announced in the procurement results at the end of March [1] - Leap Motor's financial report indicates that the first collaborative vehicle project with China FAW has been initiated, with ongoing discussions about capital cooperation [1] - The first model jointly developed with Red Flag is reportedly in the development stage, with plans for a launch in the second half of next year utilizing FAW's overseas channels [1]