一汽战略入股开启新篇，零跑如何以全域自研穿越周期

Core Insights - The article highlights the significant achievements of Leap Motor as it celebrates its 10th anniversary, marking its evolution from a pure vehicle manufacturer to a technology enabler in the Chinese electric vehicle (EV) industry [1][5][10] Group 1: Strategic Partnerships and Collaborations - On December 28, 2025, China FAW Group and Leap Motor announced a deepened capital and technology cooperation, with FAW's equity investment company strategically investing in Leap Motor [3] - This partnership signifies a rare integration between a traditional state-owned enterprise and a new automotive force, reinforcing Leap Motor's position in the industry [5][10] - The collaboration with FAW and Stellantis provides Leap Motor with a stable triangular equity structure, ensuring control for the founding team while gaining support from major industry players [13] Group 2: Technological Advancements and R&D - Leap Motor has established a comprehensive self-research system over the past decade, achieving self-manufacturing of over 65% of vehicle components and maintaining an 80% ratio of R&D personnel [9][10] - The company has built 17 major component factories, covering the entire core technology chain of smart electric vehicles, including batteries, electric drives, and advanced driver-assistance systems [9][10] - Leap Motor's focus on core technology has resulted in continuous quarterly profitability, distinguishing it as a stable profit-making entity among new automotive forces [10] Group 3: Global Expansion Strategy - Leap Motor has adopted an innovative "borrowed boat" strategy for global expansion, partnering with Stellantis to leverage its extensive global channel network and supply chain resources [11] - Within a year, Leap Motor has expanded its business to 35 countries and regions, establishing over 800 service points, including entry into high-regulation markets like France and Germany [11] - The company aims to achieve overseas deliveries of over 60,000 units in 2025, positioning itself as a leader in overseas sales among new automotive brands [11] Group 4: Future Goals and Product Development - Leap Motor has launched two flagship models, D19 and D99, reflecting its strategic ambition to move upmarket and redefine luxury in the automotive sector [15] - The company aims to sell 4 million vehicles annually by 2026, with a focus on five strategic directions, including continuous technological innovation and the development of an integrated marketing service system [15][18] - Leap Motor's commitment to practical technology and efficiency, rather than speculative concepts, sets it apart in the competitive landscape of the EV industry [16][18]