Stock Track | Leapmotor Plummets 5.05% Amid Broader EV Stock Decline in Hong Kong

Stock Track11-20

Leapmotor (09863.HK) shares plummeted 5.05% during intraday trading on Thursday, as part of a broader sell-off in the electric vehicle (EV) sector in Hong Kong. The significant drop in Leapmotor's stock price outpaced the initial reports of a 3% decline, highlighting the intensity of the selling pressure on the company.

The EV sector as a whole faced downward pressure in the Hong Kong market. Other major players in the industry also experienced notable declines, with XPeng falling 5%, Xiaomi dropping 3%, and both NIO and Li Auto declining by 2%. Even industry giant BYD was not immune to the sell-off, seeing its shares fall by 1%. While the exact reasons for the sector-wide decline were not immediately clear, the uniform downward movement suggests broader market concerns affecting EV stocks in the region.

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