Zheng Quan Shi Bao·2025-08-20 10:57Group 1 - China FAW Group is planning to acquire approximately 10% of Leap Motor's shares to become a strategic shareholder [1] - Leap Motor has declined to comment on the matter, while China FAW Group stated that they are not aware of the situation according to relevant department feedback [2] - In March 2023, China FAW Group and Leap Motor signed a strategic cooperation memorandum, focusing on joint development of new energy passenger vehicles and component collaboration [3] Group 2 - The strategic cooperation aims to leverage both companies' technological strengths to enhance product competitiveness and explore the feasibility of deepening capital cooperation [3] - Following the memorandum, a joint development project for the Hongqi brand G117 vehicle has been initiated, with Leap Motor as the technology procurement party [3] - Leap Motor's financial report indicates that the first collaborative vehicle project with China FAW Group has been launched, with further capital cooperation discussions planned [3]