FAW Consolidates Leapmotor’s Sales, Entering Top Three in Volume Rankings

[Consolidated Sales Reporting] According to data from the China Association of Automobile Manufacturers (CAAM), FAW Group sold 275,000 vehicles in January 2026, ranking third nationwide—marking the first time Leapmotor’s sales of 32,000 units were included in FAW’s consolidated figures.

Core Development: Consolidation Driven by Strategic Investment

In December 2025, FAW invested RMB 3.744 billion to acquire 74.83 million domestic shares of Leapmotor, securing a 5% stake and becoming a strategic shareholder. Starting January 2026, CAAM began consolidating Leapmotor’s sales into FAW Group’s official reporting.

Strategic Rationale: Alleviating Pressure from New Energy Transition

FAW has lagged in its new energy vehicle (NEV) deployment; consolidation allows it to rapidly enhance its electrification performance metrics. The two companies will also jointly develop a plug-in hybrid electric vehicle (PHEV) system and leverage Leapmotor’s international channels to expand overseas markets, thereby strengthening their capabilities in intelligent and electric vehicle technologies.