Leapmotor plans to join Series A funding of FAW subsidiary
17/09/2026 06:39
Leapmotor plans to join Series A funding of FAW subsidiary BEIJING, Sept 17 (Reuters) - Chinese electric vehicle maker Leapmotor 9863.HK plans to participate as a strategic investor in a Series A financing round for Qixin Power, a powertrain subsidiary of state-owned automaker FAW Group, FAW said in a statement on Thursday.
Under a letter of intent signed in the eastern city of Huzhou, Zhejiang province, Leapmotor and Qixin Power will explore strategic cooperation and resource sharing in powertrain products and technologies, including hybrid engines, electric drive systems and range extenders.
(Reporting by Qiaoyi Li and Liz Lee; Editing by Thomas Derpinghaus)
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