LEAPMOTOR (09863) saw its shares rise more than 4% in morning trading. At the time of writing, the stock was up 4.48% to HKD 49.94, with a turnover of HKD 341 million.

On May 8th, global automotive giant Stellantis announced an expansion of its strategic partnership with LEAPMOTOR. LEAPMOTOR's technology architecture will be applied for the first time to a new all-electric SUV under the Opel brand, with joint production planned at a factory in Spain. The strategic collaboration also involves enhancing and integrating production capacity, reducing costs, and joint procurement. In October 2023, Stellantis became the single largest shareholder of LEAPMOTOR by acquiring approximately 21% of its shares. Stellantis holds a 51% stake in the joint venture "LEAPMOTOR International" and possesses exclusive rights to sell and manufacture LEAPMOTOR products in markets outside Greater China.

Huachuang Securities recently noted that the company has a strong new vehicle cycle this year, launching the compact SUV A10 in March and the large SUV D19 in April, with plans to launch the A05 and its first MPV, D99, in June-July. Among these, the new models A10 and D19 are recognized for their strong product capabilities, pricing that exceeded expectations, and high market interest post-launch, continuing LEAPMOTOR's strategy of offering high value for money. With the launch of new models, the company's product matrix is expected to further improve, providing strong support for future sales growth. The firm projects LEAPMOTOR's 2026 sales to reach 1.02 million units, a year-on-year increase of 70%, highlighting a significant sales growth rate.