On September 18, LEAPMOTOR rose 3.38% in regular trading, trading at HK$36.12/share, with turnover of approximately HK$83 million. The stock was buoyed by a cluster of positive developments around its strategic partnership with China FAW Group and a major capital raise.

On September 17, LEAPMOTOR announced it would participate as a strategic investor in the A-round financing of FAW subsidiary Qixin Power, signing an investment letter of intent and a technology cooperation agreement with FAW's Qixin Power and CATNE Battery. The collaboration covers joint development of hybrid engines, electric drive systems, range extenders, as well as R&D on solid-state batteries, sodium-ion batteries, and ultra-fast charging technologies.

Additionally, on September 16, the company disclosed that the CSRC formally approved its directed share issuance to FAW Equity Investment and Jinyi High-tech, raising approximately RMB 6.744 billion. Post-completion, FAW Equity will hold roughly 5% of LEAPMOTOR, marking the landing of both industrial and state-capital strategic endorsements. The company reported H1 revenue of RMB 38.11 billion, up 57.2% year-over-year, with net profit of RMB 210 million and deliveries of 356,487 units, up 60.8%.

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