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.

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