What percentage of shares does Dahua hold in Leapmotor?
2 Answers
Dahua holds only 11.4% of the shares in Leapmotor. Below is relevant information about Leapmotor: Introduction: Leapmotor is an innovative intelligent electric vehicle brand, jointly invested by Zhejiang Dahua Technology Co., Ltd. and its major founders. Established in 2015 and headquartered in Binjiang High-Tech Development Zone, Hangzhou, Zhejiang, its business scope covers intelligent electric vehicle design, R&D and manufacturing, intelligent driving, motor and electronic control, battery system development, as well as cloud-based vehicle networking solutions. Core Technologies: Since its inception, Leapmotor has been committed to independent R&D of core technologies. After more than three years of effort, it has successfully independently developed three vehicle platforms (T/S/C) and three core technologies: the "three electric" systems, intelligent connectivity systems, and autonomous driving systems.
I find the relationship between Leapmotor and Dahua Technology quite interesting. As the founder and major shareholder, Dahua Technology held a significant stake in the early stages, once approaching around 45%, which helped Leapmotor get off the ground quickly by leveraging Dahua's security technology and AI expertise to develop intelligent driving systems. I've driven a Leapmotor car and could feel their cameras and sensors were highly responsive, with parking assistance being particularly practical. However, as the company expanded and went public in Hong Kong, new investors came in through financing, diluting Dahua's stake to around 14%. For car enthusiasts, this is good news because more capital infusion allows Leapmotor to launch newer models with improved range and safety features. It's expected to decrease further in the future, but this won't affect core technical collaboration, making it still worth keeping an eye on.
