The possibility of a joint venture between VW and state-owned Chinese automaker FAW Group acquiring an EV technology platform from Leapmotor has been mentioned in the report by the state-backed financial news website Cailianshe.
Leapmotor introduced a newly developed in-house platform for vehicle production, with the intention of offering licensing opportunities to other automakers. CEO Zhu Jiangming revealed that the company is already in advanced discussions with two foreign firms, including a newcomer in the electric vehicle industry, to potentially form a partnership. This collaboration could enable the overseas manufacturing of models developed by Leapmotor. Recently, Volkswagen and XPeng announced their own partnership to jointly develop electric vehicles on XPeng's 'Edward' platform, which was utilized for the G9 model by the Chinese startup.
Movement of Volkswagen stocks in the last five years. (Source: Trading Economics)