FAW Group, Leapmotor sign investment agreement in Hangzhou
On December 29, FAW Equity Investment (Tianjin) Co., Ltd. (FAW Equity) and FAW Qixin Power (Changchun) Technology Co., Ltd. (FAW Qixin Power), both FAW Group wholly-owned subsidiaries, signed investment and cooperation agreements with Leapmotor in Hangzhou.
Under the investment agreement, FAW Equity will buy a stake
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