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Leapmotor denies reports of FAW Group becoming its largest shareholder · TechNode

Summary by TechNode
Leapmotor on Tuesday denied market reports that FAW Group will gradually acquire its shares and eventually become its largest shareholder. Earlier, several media outlets reported that FAW Group planned to acquire a stake in Leapmotor through a private placement, with the deal allegedly approved by relevant authorities and set for an announcement on November 17. Leapmotor has firmly refuted this claim. Currently, Leapmotor’s founder and his conce…

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Leapmotor denies reports of FAW Group becoming its largest shareholder · TechNode

Leapmotor on Tuesday denied market reports that FAW Group will gradually acquire its shares and eventually become its largest shareholder. Earlier, several media outlets reported that FAW Group planned to acquire a stake in Leapmotor through a private placement, with the deal allegedly approved by relevant authorities and set for an announcement on November 17. Leapmotor has firmly refuted this claim. Currently, Leapmotor’s founder and his conce…

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TechNode broke the news in on Wednesday, November 5, 2025.
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