Leapmotor's Shares Rise on Plans to Issue Shares to State-Owned Enterprise

Dow Jones2025-12-29

By Sherry Qin

Chinese electric vehicle maker Zhejiang Leapmotor Technology's shares rose sharply after it announced plans to raise US$533.8 million by issuing shares to a Chinese state-owned enterprise.

Shares of Leapmotor gained as much as 7.1% early Monday before paring gains to 4.0% at 51.95 Hong Kong dollars, equivalent to US$6.68.

The EV maker plans to raise 3.74 billion yuan by issuing 74.8 million domestic shares to FAW Equity, whose parent, China FAW Group, is wholly owned by China's state-owned assets regulator.

Leapmotor will use the proceeds for research and development, working capital needs and expansion of its sales and service network.

The move came after Leapmotor completed share placements to four Chinese state-owned enterprises, which raised 2.60 billion yuan, in September.

Leapmotor, once a smaller player in China's fiercely competitive EV industry, is catching up on strong sales.

It expects 2025 sales to exceed 600,000 units after reaching its previous target of 500,000 units ahead of schedule. It also aims to accelerate global expansion in 2026, with its first localization project in Malaysia to be completed in the first half of 2026.

Write to Sherry Qin at sherry.qin@wsj.com

(END) Dow Jones Newswires

December 28, 2025 23:08 ET (04:08 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2595206290?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-29 12:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2595206290","market":"fut","top_or_hot":-1,"title":"Leapmotor's Shares Rise on Plans to Issue Shares to State-Owned Enterprise","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Sherry Qin \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Chinese electric vehicle maker <a href=\"https://laohu8.com/S/ZJLMF\">Zhejiang Leapmotor Technology</a>'s shares rose sharply after it announced plans to raise US$533.8 million by issuing shares to a Chinese state-owned enterprise. \n</p>\n<p>\n  Shares of Leapmotor gained as much as 7.1% early Monday before paring gains to 4.0% at 51.95 Hong Kong dollars, equivalent to US$6.68. \n</p>\n<p>\n  The EV maker plans to raise 3.74 billion yuan by issuing 74.8 million domestic shares to FAW Equity, whose parent, China FAW Group, is wholly owned by China's state-owned assets regulator. \n</p>\n<p>\n  Leapmotor will use the proceeds for research and development, working capital needs and expansion of its sales and service network. \n</p>\n<p>\n  The move came after Leapmotor completed share placements to four Chinese state-owned enterprises, which raised 2.60 billion yuan, in September. \n</p>\n<p>\n  Leapmotor, once a smaller player in China's fiercely competitive EV industry, is catching up on strong sales. \n</p>\n<p>\n  It expects 2025 sales to exceed 600,000 units after reaching its previous target of 500,000 units ahead of schedule. It also aims to accelerate global expansion in 2026, with its first localization project in Malaysia to be completed in the first half of 2026. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Sherry Qin at sherry.qin@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 28, 2025 23:08 ET (04:08 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Leapmotor's Shares Rise on Plans to Issue Shares to State-Owned Enterprise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLeapmotor's Shares Rise on Plans to Issue Shares to State-Owned Enterprise\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-29 12:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Sherry Qin \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Chinese electric vehicle maker <a href=\"https://laohu8.com/S/ZJLMF\">Zhejiang Leapmotor Technology</a>'s shares rose sharply after it announced plans to raise US$533.8 million by issuing shares to a Chinese state-owned enterprise. \n</p>\n<p>\n  Shares of Leapmotor gained as much as 7.1% early Monday before paring gains to 4.0% at 51.95 Hong Kong dollars, equivalent to US$6.68. \n</p>\n<p>\n  The EV maker plans to raise 3.74 billion yuan by issuing 74.8 million domestic shares to FAW Equity, whose parent, China FAW Group, is wholly owned by China's state-owned assets regulator. \n</p>\n<p>\n  Leapmotor will use the proceeds for research and development, working capital needs and expansion of its sales and service network. \n</p>\n<p>\n  The move came after Leapmotor completed share placements to four Chinese state-owned enterprises, which raised 2.60 billion yuan, in September. \n</p>\n<p>\n  Leapmotor, once a smaller player in China's fiercely competitive EV industry, is catching up on strong sales. \n</p>\n<p>\n  It expects 2025 sales to exceed 600,000 units after reaching its previous target of 500,000 units ahead of schedule. It also aims to accelerate global expansion in 2026, with its first localization project in Malaysia to be completed in the first half of 2026. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Sherry Qin at sherry.qin@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 28, 2025 23:08 ET (04:08 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09863","symbol_name":"零跑汽车","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2595206290","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2595206290","pubTimestamp":1766981280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Chinese electric vehicle maker Zhejiang Leapmotor Technology's shares rose sharply after it announced plans to raise US$533.8 million by issuing shares to a Chinese state-owned enterprise.Shares of Leapmotor gained as much as 7.1% early Monday before paring gains to 4.0% at 51.95 Hong Kong dollars, equivalent to US$6.68.The EV maker plans to raise 3.74 billion yuan by issuing 74.8 million domestic shares to FAW Equity, whose parent, China FAW Group, is wholly owned by China's state-owned assets regulator.Leapmotor will use the proceeds for research and development, working capital needs and expansion of its sales and service network.The move came after Leapmotor completed share placements to four Chinese state-owned enterprises, which raised 2.60 billion yuan, in September.Leapmotor, once a smaller player in China's fiercely competitive EV industry, is catching up on strong sales.It expects 2025 sales to exceed 600,000 units after reaching its previous target of 500,000 units ahead of ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"09863":"零跑汽车","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","STT":"道富银行","BK1119":"汽车制造商","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","BK4135":"资产管理与托管银行","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","LU1883839398.USD":"AMUNDI FUNDS INCOME OPPORTUNITIES \"A2\" (USD) ACC","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"零跑汽车计划向国有企业发行股票，股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09863":0.9,"STT":1.5},"content_text":"By Sherry Qin \n\n\n \n\n\n  Chinese electric vehicle maker Zhejiang Leapmotor Technology's shares rose sharply after it announced plans to raise US$533.8 million by issuing shares to a Chinese state-owned enterprise. \n\n\n  Shares of Leapmotor gained as much as 7.1% early Monday before paring gains to 4.0% at 51.95 Hong Kong dollars, equivalent to US$6.68. \n\n\n  The EV maker plans to raise 3.74 billion yuan by issuing 74.8 million domestic shares to FAW Equity, whose parent, China FAW Group, is wholly owned by China's state-owned assets regulator. \n\n\n  Leapmotor will use the proceeds for research and development, working capital needs and expansion of its sales and service network. \n\n\n  The move came after Leapmotor completed share placements to four Chinese state-owned enterprises, which raised 2.60 billion yuan, in September. \n\n\n  Leapmotor, once a smaller player in China's fiercely competitive EV industry, is catching up on strong sales. \n\n\n  It expects 2025 sales to exceed 600,000 units after reaching its previous target of 500,000 units ahead of schedule. It also aims to accelerate global expansion in 2026, with its first localization project in Malaysia to be completed in the first half of 2026. \n\n\n \n\n\n  Write to Sherry Qin at sherry.qin@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 28, 2025 23:08 ET (04:08 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2595206290","isCrawlerRequest":true}