Leapmotor forges strategic partnership with China CITIC Bank for strengthened financial support

Shanghai (Gasgoo)- On the afternoon of September 24, Zhejiang Leapmotor Technology Co., Ltd. ("Leapmotor") entered into a strategic cooperation agreement with the Hangzhou branch of China CITIC Bank, according to a post on Leapmotor's WeChat account.

Photo credit: Leapmotor

Under the agreement, the two parties will leverage their respective strengths to expand collaboration in areas including supply chain finance, capital markets, and international operations. The goal is to create new breakthroughs while building a mutually beneficial partnership between the automaker and the bank.

As a designated strategic client, Leapmotor already benefits from a dedicated service team within China CITIC Bank. The bank provides integrated financial solutions that cover the company's entire business cycle and value chain—from extending credit to the carmaker itself and supporting its manufacturing base, to easing liquidity for downstream dealers, expanding consumer financing options, and empowering suppliers and overseas market expansion.

China CITIC Bank's total credit line for Leapmotor has now reached 20 billion yuan, underscoring the scale of financial backing behind the automaker's growth plans.