LEAPMOTOR(HK:09863) Sou Hu Cai Jing·2025-12-29 02:03Group 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]