LEAPMOTOR (HKEX: 09863) shares rose more than 8%, with the stock up 8.09% to HK$42.48 at the time of writing, generating a turnover of HK$378 million.

The company released its May delivery figures, reporting total deliveries of 81,569 units, an 81% increase year-over-year, setting a new monthly delivery record.

CLSA forecasts a recovery in LEAPMOTOR's sales for the second fiscal quarter, alongside a positive shift in its product mix, with an expected increase in the share of its D-series models.

The firm's overseas market potential is seen as continuously growing, with plans to launch new models and achieve localized production in the third fiscal quarter.

CLSA has slightly raised its domestic and export sales forecasts for LEAPMOTOR for 2026 to 721,000 and 178,000 units, respectively.