Movement Alert｜LEAPMOTOR Falls 3.09% in Regular Trading, Hong Kong Auto Stocks Pull Back Amid Sector Rotation

Market Focus10-13

On October 13, LEAPMOTOR fell 3.09% in regular trading, trading at HK$35.18, with turnover of HK$62.58 million.

The decline came as Hong Kong-listed auto stocks broadly pulled back, with investors locking in profits after a recent rally driven by rising smart-driving penetration and supportive policies. Peer XPENG-W fell 3.74%, LI AUTO-W dropped 1.69%, and BYD COMPANY declined 2.15%, reflecting sector-wide pressure.

Despite the pullback, fundamentals remain solid. LEAPMOTOR delivered 105,656 vehicles in September, up 59% year-over-year and marking the third consecutive month above 100,000 units. CLSA reiterated an Outperform rating with a HK$60 target price, citing delivery scale and overseas expansion advantages.

(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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