Leapmotor to invest in FAW unit Qixin Power
Chinese electric vehicle maker Leapmotor plans to invest in FAW subsidiary Qixin Power. The companies will also partner on advanced battery technologies and powertrains.
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ZHEJIANG LEAPMOTOR TECHNOL-H will join a Series A funding round for Qixin Power, taking a strategic stake in the powertrain subsidiary of state-owned automaker FAW Group. The investment deepens ties between private electric vehicle makers and traditional state giants in China. The partnership expands on Leapmotor's previous supply deals, positioning both firms to capture broader market share in advanced vehicle architectures.
