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LEAPMOTOR, FAW Group to Kick off Co-op w/ Component Procurement First, Says Zhu Jiangming
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Zhu Jiangming, chairman of LEAPMOTOR (09863.HK), announced that the company and FAW Group will kick off the collaboration with component procurement first, while capital market cooperation is still under discussion.

At the beginning of the month, FAW Group signed a strategic cooperation memorandum of understanding with LEAPMOTOR to initiate cooperation in the new energy vehicle sector. They aim to jointly develop new energy passenger vehicles and components, explore capital cooperation, and achieve resource synergy.

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