Movement Alert|LEAPMOTOR Falls 3.14% in Regular Trading, Chairman Admits Car-Making Burns 20 Billion Yuan Amid Sector-Wide Weakness

Market Focus07-31

On July 31, LEAPMOTOR fell 3.14% in regular trading, trading at 39.74 HKD/share, with turnover of approximately 82.78 million HKD.

On the news front, LEAPMOTOR Chairman Zhu Jiangming stated in an upcoming podcast that he would not have entered the car-making business had he known the capital intensity, revealing that building a car brand requires at least 20 billion yuan in funding. The remarks drew market attention to the company's capital expenditure pressure. Meanwhile, the Hong Kong-listed auto sector weakened broadly, with Geely Auto down 2.69%, Li Auto down 2.03%, and BYD down 1.74%.

Notably, LEAPMOTOR had surged over 9% across the prior two trading sessions on positive catalysts including the A05 blind pre-order launch. Short-term profit-taking pressure appears to have surfaced following the sharp rally. The company reported upper-half cumulative deliveries exceeding 350,000 units with overseas sales approaching 30% of total volume, and maintains a full-year target of one million units.

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