https://www.scmp.com/rss/522676/feed The latest news and top stories on Zhu Jiangming. An electrical engineer with over 30 years of technical experience, he co-founded Dahua Technology, a major surveillance equipment supplier, inventing HDCVI video transmission technology. At Leapmotor, established in 2015, his work involves leading intelligent electric vehicle design development and manufacturing, focusing on core technologies and autonomous driving. Key accomplishments include Leapmotor's significant sales growth and its... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Daniel Ren Daniel Ren Leapmotor, one of China’s strongest-performing electric vehicle (EV) makers this year, has taken a major step towards building cars locally for European customers after agreeing with shareholder Stellantis to add a line at a Spanish plant previously earmarked for Opel. The Hangzhou-based company and Stellantis, owner of Peugeot, Fiat and Jeep, would jointly build Opel’s new fully electric C-sport utility vehicles (SUVs) and B10 models at the Figueruelas plant in Zaragoza, according to a... https://www.scmp.com/business/china-business/article/3352948/chinese-ev-maker-leapmotor-taps-stellantis-spanish-plant-eu-production?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352948/chinese-ev-maker-leapmotor-taps-stellantis-spanish-plant-eu-production?utm_source=rss_feed Fri, 08 May 2026 13:40:59 +0000 Wency Chen Wency Chen Rokid, a Hangzhou-based maker of smart glasses, is preparing to file for a Hong Kong listing as early as the end of April, according to sources familiar with the matter, as artificial intelligence-powered eyewear gains traction in the mainstream market. The planned listing comes as global and domestic technology groups including Meta Platforms and Apple, as well as China’s Alibaba Group Holding – through the brand name Quark – Baidu, Xiaomi and Huawei Technologies, all rush into the market.... https://www.scmp.com/tech/tech-trends/article/3349267/chinese-ai-glasses-maker-rokid-planning-hong-kong-ipo-sources?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3349267/chinese-ai-glasses-maker-rokid-planning-hong-kong-ipo-sources?utm_source=rss_feed Tue, 07 Apr 2026 11:30:08 +0000 Daniel Ren Daniel Ren Leapmotor, one of China’s strongest-performing electric vehicle (EV) makers this year, is accelerating its global push with a new innovation centre in Europe and plans for potential local assembly in Canada, as it looks to entrench production of its low-cost smart cars overseas. The Hangzhou-based carmaker, backed by Fiat owner Stellantis, has also raised its overseas sales target by 50 per cent, betting that higher fuel costs and easing trade barriers will bolster demand for Chinese-made... https://www.scmp.com/business/china-business/article/3348847/leapmotor-targets-global-growth-europe-rd-hub-eyes-canada-assembly?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348847/leapmotor-targets-global-growth-europe-rd-hub-eyes-canada-assembly?utm_source=rss_feed Fri, 03 Apr 2026 02:00:14 +0000 Daniel Ren Daniel Ren Western countries’ positive stance on electric vehicles (EVs) has given Chinese carmakers from BYD to Leapmotor renewed vigour to step up their global expansion and counter a slowing domestic market, industry observers said. Europe’s buoyant EV market last year lifted Chinese assemblers’ hopes to boost their exports to shore up their profits and hone their international image, they added. “A welcoming attitude towards electrification is good news for Chinese EV makers because they enjoy... https://www.scmp.com/business/china-business/article/3340586/chinese-ev-makers-overseas-outlook-improves-europe-levels-playing-field?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340586/chinese-ev-makers-overseas-outlook-improves-europe-levels-playing-field?utm_source=rss_feed Tue, 20 Jan 2026 12:12:03 +0000 Daniel Ren Daniel Ren Stellantis-backed Zhejiang Leapmotor Technology has become the first Chinese electric vehicle (EV) manufacturer to receive investment from a state-owned enterprise amid the strong popularity of its affordable intelligent cars. FAW Group, mainland China’s oldest carmaker, has agreed to acquire a 5 per cent stake in the Hong Kong-listed EV assembler for 3.74 billion yuan (US$534 million) by buying an additional 74.8 million shares at HK$55.29 apiece, according to a stock exchange filing by... https://www.scmp.com/business/china-evs/article/3338006/chinas-faw-buys-us534-million-stake-leapmotor-ev-firm-sees-deliveries-jump-2026?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3338006/chinas-faw-buys-us534-million-stake-leapmotor-ev-firm-sees-deliveries-jump-2026?utm_source=rss_feed Mon, 29 Dec 2025 07:31:46 +0000 Daniel Ren Daniel Ren Chinese electric-vehicle (EV) makers are raising the game in the premium segment by launching more spacious and longer-range models to challenge Tesla, which has been steadily losing market share on the mainland. Stellantis-backed Leapmotor has become the latest to join the fray against Elon Musk’s Tesla, with founder and CEO Zhu Jiangming describing its decision to move up the value chain as a mission to offer consumers the best EVs at the best prices. “Leapmotor is able to launch higher-end... https://www.scmp.com/business/china-business/article/3329359/chinese-ev-makers-leapmotor-zeekr-challenge-tesla-premium-segment?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3329359/chinese-ev-makers-leapmotor-zeekr-challenge-tesla-premium-segment?utm_source=rss_feed Fri, 17 Oct 2025 06:00:15 +0000 Daniel Ren Daniel Ren FAW Group, mainland China’s oldest carmaker, plans to acquire a 10 per cent stake in Stellantis-backed electric vehicle (EV) maker Leapmotor, as the state-owned automotive giant looks to enhance its competitiveness in the segment, according to Cailian, a Shanghai-based financial news outlet. The investment would pave the way for the two companies to jointly develop new EV models, fine-tune supply-chain management and bolster overseas expansion, the report said. Leapmotor declined to comment,... https://www.scmp.com/business/china-business/article/3322527/faw-chinas-oldest-carmaker-eyes-10-leapmotor-boost-stake-ev-surge?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3322527/faw-chinas-oldest-carmaker-eyes-10-leapmotor-boost-stake-ev-surge?utm_source=rss_feed Wed, 20 Aug 2025 11:00:08 +0000 Bloomberg Bloomberg Zhejiang Leapmotor Technology, once a fringe player in China’s electric vehicle (EV) industry, is beating all its start-up rivals by sales and stock gains this year and analysts say there is more to come. The carmaker’s Hong Kong-listed shares have doubled since January – outpacing better-known peers XPeng and Xiaomi – and have surged more than 200 per cent from a low in August last year. The company has increased its 2025 sales target to 500,000 units, up from around 290,000 a year earlier, and... https://www.scmp.com/business/markets/article/3322168/leapmotors-stock-and-sales-soar-become-new-challenger-chinas-booming-ev-market?utm_source=rss_feed https://www.scmp.com/business/markets/article/3322168/leapmotors-stock-and-sales-soar-become-new-challenger-chinas-booming-ev-market?utm_source=rss_feed Mon, 18 Aug 2025 02:09:09 +0000 Daniel Ren Daniel Ren Stellantis-backed Leapmotor has announced the latest phase in its global push by launching an electric midsize sedan that offers similar features to Tesla’s Model 3 at less than half the price. The Hangzhou-based electric vehicle (EV) builder said the B01, priced from 89,800 yuan (US$12,542) in mainland China, would target markets around the world as it pursued new growth engines amid cutthroat competition at home. “We are offering our answer to customers’ demand for an exquisite,... https://www.scmp.com/business/china-business/article/3319499/leapmotor-rolls-out-smart-ev-half-price-teslas-model-3-push-global-sales?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3319499/leapmotor-rolls-out-smart-ev-half-price-teslas-model-3-push-global-sales?utm_source=rss_feed Thu, 24 Jul 2025 14:28:45 +0000