Movement Alert｜Leapmotor Rises 3.21% in Regular Trading, Chairman and Shareholder Accumulate HK$900 Million in Share Purchases Over Six Months

Market Focus07-03

On July 3, Leapmotor rose 3.21% in regular trading, trading at HK$36.26/share, with turnover of HK$78.96 million.

On the news front, Leapmotor announced on July 2 that Chairman and CEO Zhu Jiangming along with shareholder Fu Liquan jointly purchased 4.8142 million H shares at an average price of HK$35.86 per share. Over the past six months, the two have cumulatively invested approximately HK$900 million in share purchases. Following this latest acquisition, the single largest shareholder group collectively holds 227.6 million shares, representing 25.05% of the company's total issued shares.

Fundamentally, the company delivered 93,376 vehicles in June, a 95% year-over-year increase, lifting the monthly delivery ceiling among EV startups to the 90,000-unit level and maintaining a dominant lead over peers. Goldman Sachs recently initiated coverage with a Buy rating and a target price of HK$50, citing competitive new model launches and accelerating domestic growth.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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