Leapmotor to invest in Series A funding for FAW unit Qixin Power
Leapmotor plans to participate as a strategic investor in a Series A financing round for Qixin Power, a powertrain subsidiary of FAW Group, according to FAW.
Chinese electric vehicle maker Leapmotor HKEX:9863 plans to take part as a strategic investor in a Series A financing round for Qixin Power, the powertrain unit of state-owned automaker FAW Group, FAW said in a statement on Thursday. The statement said a letter of intent was signed in the eastern city of Huzho…