LEAPMOTOR's stock surged 5.57% during intraday trading on Wednesday, driven by two significant positive developments that boosted investor confidence.
The company announced that its Chairman, CEO, and shareholder Zhu Jiangming, along with shareholder Fu Liquan, jointly purchased 5.08 million H shares at an average price of approximately HK$45.10 per share, representing a total investment of around HK$230 million. This substantial insider buying demonstrates strong faith in the company's future prospects and commitment to its sustained growth.
Additionally, LEAPMOTOR entered into a carbon dioxide credits transfer agreement with Stellantis subsidiaries, covering credits generated from battery electric vehicle and range-extended electric vehicle sales in the EU and UK markets throughout 2026. The deal, with an annual cap of RMB 2.8 billion, is expected to expand the company's revenue sources and enhance its corporate social responsibility profile.
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