Stock Track | Leap Motor Soars 5.65% Intraday on Deepened Stellantis Partnership and European Expansion

Stock Track06-01

Leap Motor's stock soared 5.65% during intraday trading on Monday, marking a significant upward movement for the new energy vehicle manufacturer.

The surge appears driven by multiple positive developments, primarily the deepening strategic partnership with automotive giant Stellantis. Reports indicate the collaboration is being upgraded, with Leap Motor assisting in maintaining Stellantis's idle European factories. Their joint venture has reportedly achieved notable sales breakthroughs in key European markets, including Germany.

Further bolstering investor sentiment is the news that the Leap Motor B10 model is expected to begin production at Stellantis's Zaragoza plant in Spain during the third quarter. Additionally, the company's recent acquisition of a land parcel in Hangzhou for approximately RMB 690 million to build its new headquarters signals long-term confidence in its growth trajectory.

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