Movement Alert｜LEAPMOTOR Rises 3.06% in Regular Trading, Founder Claims Market Cap Severely Undervalued and Accumulates HKD 1.9 Billion in Share Purchases

Market Focus07-24

On July 24, LEAPMOTOR rose 3.06% in regular trading, trading at HKD 35.88/share, with turnover of HKD 57.91 million.

On the news front, LEAPMOTOR founder and chairman Zhu Jiangming stated in a recent interview that the company's HKD 50 billion market capitalization is severely undervalued, arguing that any one of its four product lines alone could justify a HKD 50 billion valuation, implying a combined fair value of HKD 200 billion. Zhu disclosed he has accumulated HKD 1.9 billion in share purchases over the past year, including HKD 900 million in the first half, all from personal cash. Additionally, at the China Auto Forum, Zhu stated LEAPMOTOR can serve as a supplier to OEMs such as Stellantis, offering integrated three-electric and smart cockpit solutions that reduce core component costs by approximately RMB 2,000.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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