零跑Leapmotor

Who owns Leapmotor? The ownership chain, Leapmotor's stake and the 2015 deal

Facts checked Chinese holding 81%

Leapmotor is Chinese, with a large European shareholder. Stellantis paid EUR 1.5bn for 20% of the Hangzhou company in October 2023, diluted to about 18.99% after FAW Group bought 5% in December 2025, and holds 51% of Leapmotor International, the venture that sells and builds Leapmotors outside China. Control of the carmaker itself stays in China.

Leapmotor's only car brand is its own name; there are no sub-brands.

The short answer

Controlled by Leapmotor
Stake100%
Since2015
Kindbrand
OriginCN
Name in Chinese 零跑 Língpǎo “ling-PAO”
Top of the chainState-owned Assets Supervision and Administration Commission of the State Council
Is it Chinese? Yes

The chain, step by step

  1. State-owned Assets Supervision and Administration Commission of the State Council owns Dongfeng Motor Group at 100% since 2003.

    Dongfeng Motor Corporation is a central state-owned enterprise whose shareholding SASAC holds. Dongfeng told the Hong Kong exchange in February 2025 that a planned restructuring might change its controlling shareholder but would not change its ultimate controller, SASAC.

  2. Dongfeng Motor Group holds a stake in Stellantis N.V. at 1.58% since April 2014.

    Dongfeng took a stake in PSA in 2014 as part of the capital increase that recapitalised the French company, and has reduced it in stages: a sell-down of 36.1 million shares in September 2021, then a buyback in November 2023 in which Stellantis repurchased 50 million shares for EUR 934 million, leaving Dongfeng with 49.2 million shares, or 1.58% of the share capital. Any change after November 2023 was not verified for this entry.

  3. Stellantis N.V. holds a stake in Leapmotor at 21% since October 2023.

    Stellantis paid about €1.5bn in October 2023 to become Leapmotor's largest single shareholder, and its own release of 8 May 2026 still describes the holding as approximately 21%. A FAW investment arm bought about 5% of Leapmotor on 29 December 2025, which secondary reporting says diluted Stellantis to about 19%. Both figures are given because the primary and secondary sources disagree; Stellantis does not control Leapmotor either way.

  4. Leapmotor owns Leapmotor at 100% since 2015.

    Leapmotor's only car brand is its own name; there are no sub-brands.

Every holding above this entity, with the stake and the date it began.
Holder Holds Kind Stake Since
State-owned Assets Supervision and Administration Commission of the State Council Dongfeng Motor Group owns 100% 2003
Dongfeng Motor Group Stellantis N.V. holds a stake in 1.58% April 2014
Stellantis N.V. Leapmotor holds a stake in 21% October 2023
Leapmotor Leapmotor owns 100% 2015

Leapmotor: questions people ask

Who owns Leapmotor?
Leapmotor is listed in Hong Kong (SEHK 9863). Stellantis is the largest outside shareholder at about 19%, and FAW bought roughly 5% in December 2025. Founder Zhu Jiangming remains chairman and chief executive; Stellantis does not control the company.
Is Leapmotor Chinese or European?
Chinese. It was founded in Hangzhou in 2015 and its cars are engineered and built in China. What is European is the sales channel: Leapmotor International, 51% owned by Stellantis, handles everything outside Greater China.
Why is Leapmotor sold in Stellantis dealerships?
Because Leapmotor International, the joint venture Stellantis controls, has the exclusive right to sell and build Leapmotor products outside Greater China and uses Stellantis's existing networks.
Are Leapmotors built in Europe?
Only in part and only briefly so far. The T03 was assembled at Tychy in Poland from June 2024 to March 2025. Stellantis and Leapmotor announced in May 2026 that the B10 would be built at Figueruelas in Zaragoza, Spain.

Related

Sources for Leapmotor

  1. CarNewsChina, Stellantis-backed Leapmotor reaches annual profit for the first time. Read . 2025 deliveries, profit, overseas deliveries and the 40-country outlet figure
  2. Stellantis N.V. (via GlobeNewswire), Stellantis And Leapmotor Announce Their Intention To Take Their Strategic Partnership To The Next Level. Read . Company statement of 8 May 2026: JV split, European volumes, points of sale, Spanish plants and the Mexican launch
  3. Wikipedia, Leapmotor. Read . Founding, first car, market-by-market launch dates, Tychy assembly and the diluted Stellantis stake
  4. Wikipedia, Dongfeng Motor Corporation. Read .
  5. Dongfeng Motor Group Company Limited (HKEXnews), Announcement on Possible Change in the Controlling Shareholder. Read . Filing of 9 February 2025; the PDF text could not be extracted by the tool used, so the content is taken from reporting of the filing
  6. Stellantis, Stellantis Repurchases EUR 934 Million in Shares from Dongfeng, in Accordance with Pre-Existing Share Repurchase Framework. Read . The page returned HTTP 403 to an automated fetch; the figures were read from search results quoting this release