Leapmotor’s global ambitions get a boost from new state-backed investments
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On Tuesday, new energy vehicle (NEV) upstart Leapmotor announced it had sold RMB 3 billion worth of shares – nearly 4% of the company – to Jinyi High-Tech Industrial Investment Group, an investment vehicle under the prefectural government of Jinhua, Zhejiang.
This comes shortly after the automaker ...