BUZZ-China's Leapmotor Technology rises after first batch of EV shipped to Europe

Reuters07-31

** Shares of Zhejiang Leapmotor Technology Co Ltd up 3.4% at HK$24.55, lead gains among Hong Kong-listed Chinese new energy vehicle makers

** Leapmotor International, a 51/49 Stellantis-led company between Stellantis and Leapmotor, has shipped the first batch of Leapmotor electric vehicles - C10 SUVs and T03 cars - from China's Shanghai to European ports this month

** Leapmotor International will expand its product launch to the Middle East & Africa, Asia Pacific, and South America in late 2024 - Stellantis

** "We are confident that the collaboration between Stellantis and Leapmotor will drive significant growth for both companies," says Leapmotor Chairman Zhu Jiangming

** Hong Kong shares of BYD , Great Wall Motor

, Li Auto , Xpeng and Geely

rise between 0.4% and 2.1%, while SAIC up 0.8%

** Hang Seng Commerce & Industry Index gains 0.9%, Hang Seng Tech Index rises 1.2% and Hang Seng Index

climbs 0.7%

** Leapmotor stock down 33.5% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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