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Leapmotor denies reports of FAW Group becoming its largest shareholder
Leapmotor refutes reports claiming that FAW Group will acquire shares to become the largest shareholder. Despite media speculation about a planned deal, Leapmotor's founder currently retains 25.8% ownership, with Stellantis at 21.26%. FAW and Leapmotor maintain technical cooperation, but FAW is not a strategic shareholder.
Key points
- Leapmotor issued a denial regarding FAW Group's anticipated share acquisition.
- Reports suggested that FAW Group aimed to gradually acquire Leapmotor shares via private placement.
- The deal was purportedly approved and expected to be announced on November 17.
- Leapmotor founder and parties hold 25.8%, Stellantis holds 21.26%, indicating current ownership dynamics.
- FAW Group has been involved in technical cooperation with Leapmotor.
Why it matters
- This development highlights the ongoing strategic partnerships in the automotive industry, especially among electric vehicle manufacturers.
- Similar acquisitions and partnerships are part of broader trends in the 2025 automotive industry, focusing on collaboration rather than outright purchase.
Leapmotor's denial reiterates the importance of accurate reporting and the complex dynamics of shareholder relationships in the evolving auto industry landscape.