LEAPMOTOR(HK:09863) Ju Chao Zi Xun·2025-12-29 09:05Core Viewpoint - Leap Motor has secured a strategic investment of 3.744 billion RMB from FAW Equity Investment, focusing on research and development, supply chain assurance, and international market expansion [2][3][4]. Group 1: Strategic Investment - Leap Motor signed an agreement with FAW Equity Investment to issue 74,832,245 domestic shares at a price of 50.03 RMB per share, raising a total of approximately 3.74386 billion RMB (around 4.1375 billion HKD) [3]. - The share price represents a premium over the closing price of 49.94 HKD on December 24, 2025, and the average closing price of 49.23 HKD over the previous five trading days [3]. - The funds raised will be allocated as follows: approximately 50% (1.87193 billion RMB) for R&D, 25% (935.96 million RMB) for working capital and general corporate purposes, and the remaining 25% (935.96 million RMB) for expanding sales and service networks and enhancing brand awareness [3]. Group 2: Supply Chain and Internationalization - Leap Motor has renewed a parts procurement framework agreement with Huari Jie Technology, allowing for the purchase of camera and radar assemblies with an annual transaction cap of 1.1 billion RMB for the year 2026 [5]. - This agreement aims to ensure the supply of components for smart driving and supports the sales growth of new models and high-level driving system development [5]. - Additionally, Leap Motor's subsidiary Zhejiang Leap Motor Sales Service has entered into a brand development and market insight service agreement with Leap International Business, which is partially owned by Stellantis, for a service fee of 42 million euros (approximately 347.5374 million RMB) [6]. - This collaboration is expected to enhance Leap Motor's brand recognition and competitiveness in international markets, leveraging Stellantis' overseas resources and experience [6].