LEAPMOTOR(HK:09863) Xin Lang Cai Jing·2025-11-05 00:55Core Viewpoint - The news discusses the ongoing speculation regarding a potential acquisition of Leap Motor by China FAW Group, with both companies denying the rumors while emphasizing their strategic partnership and collaboration in the electric vehicle sector [1][2]. Group 1: Acquisition Speculation - Leap Motor officially denied rumors of an acquisition by FAW Group, stating that the information is untrue [1]. - Reports suggested that FAW Group plans to acquire approximately 10% of Leap Motor's shares through a targeted issuance, with the plan already approved by relevant authorities [1]. - The speculation arose from a strategic cooperation memorandum signed between the two companies, indicating a collaborative effort in developing new energy vehicles and components [1]. Group 2: Strategic Partnership and Financial Performance - The strategic cooperation aims to leverage both companies' technological strengths to enhance product competitiveness in the electric vehicle market [1]. - Leap Motor has recently formed a global strategic partnership with Stellantis, which plans to invest approximately €1.5 billion for a 20% stake in Leap Motor, granting Stellantis two board seats [2]. - Leap Motor reported a revenue of ¥24.25 billion for the first half of the year, marking a 174% year-on-year increase, and achieved a net profit of ¥30 million, indicating its first half-year profitability [2]. - In terms of sales, Leap Motor delivered 70,289 vehicles in October, a year-on-year increase of over 84%, setting a new monthly delivery record for new car manufacturers [2].