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On Rumored Acquisition of 10% Stake by China FAW, LEAPMOTOR Says No Comment
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China FAW is planning to acquire a stake in LEAPMOTOR (09863.HK), becoming a strategic shareholder of the latter, Cailian Press reported. Leapmotor responded by stating that they have no comment. FAW reportedly plans to initially acquire about 10% of Leapmotor's shares, and the investment plan is currently being advanced within FAW's internal departments. In March 2025, both companies inked a Strategic Cooperation Memorandum of Understanding to co-develop new energy passenger vehicles and components, and further explore the feasibility of deepening capital cooperation. AASTOCKS Financial News Website: www.aastocks.com |
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