Chinese carmakers FAW, Leapmotor sign cooperation agreement
Shen Mengdan
22:53 UTC+8, 2025-03-04
0
State-owned automaker FAW and new energy vehicle startup Leapmotor to work together in developing new energy cars with integrated technology and also deepening capital cooperation.
Shen Mengdan
22:53 UTC+8, 2025-03-04
0
Chinese state-owned automaker FAW (First Automotive Works) and new energy vehicle startup Leapmotor have reached a comprehensive cooperation agreement to deal with the new wave of electrification and intelligent transformation.
The companies signed a Memorandum of Understanding on Strategic Cooperation in Changchun yesterday.
They are to cooperate both technically and financially, not only developing new-energy cars with integrated technology but also deepening capital cooperation.
"This alliance between a traditional car company and a new car-making force marks the new trend in the auto industry from competition to in-depth cooperation and integration," according to an industry insider.
Source: SHINE
Editor: Liu Qi
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