On July 2, Leap Motor rose 4.99% in regular trading, trading at HK$36.02 per share, with turnover of HK$64.56 million. The Hong Kong-listed automobile sector rallied broadly, with BYD up over 7%, Li Auto up nearly 4%, and XPeng up over 3%.

On the news front, Leap Motor reported June deliveries of 93,376 units, pushing the new forces monthly sales ceiling from the 80,000-unit level to the 90,000-unit level, establishing a dominant lead over peers. This follows May deliveries of 81,569 units, which represented an 81% year-over-year increase and a then-record high. The company launched its new C-series in mid-June with a starting price of RMB 125,800, while overseas business continued to expand rapidly with export volume accounting for 37.1% of total sales in Q1.

Institutional sentiment remains positive. Goldman Sachs recently initiated coverage with a Buy rating and a HK$50 target price, citing competitive new model launches and accelerating domestic growth. Changjiang Securities and Guohai Securities also maintain bullish ratings, highlighting the companys full-stack self-development cost advantages and improving profitability outlook driven by new vehicles and international expansion.

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