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China's FAW, Leapmotor sign agreement to deepen strategic cooperation

China's FAW, Leapmotor sign agreement to deepen strategic cooperation

- Chinese state-owned automaker FAW on Monday signed an agreement with EV maker Leapmotor 9863.HK to deepen collaboration in areas including finance, new-energy vehicles, intelligent driving, auto components, batteries and robotics, FAW said in a statement.

The first model jointly developed by the two firms "is about to enter mass production," FAW said in its statement posted on Chinese social media.


(Reporting by Xiuhao Chen, Yukun Zhang and Ryan Woo)

((Xiuhao.Chen@thomsonreuters.com;))

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