LEAPMOTOR (09863) saw its shares rise more than 4%. As of the time of writing, the stock was up 4.35% to HKD 49.88, with a turnover of HKD 192 million.

On the news front, on May 8, global automotive giant Stellantis NV announced an expansion of its strategic partnership with LEAPMOTOR. LEAPMOTOR's technology architecture will be applied for the first time to Opel's new all-electric SUV, and the two parties will engage in joint production at a factory in Spain. This strategic cooperation also involves enhancing and integrating production capacity, reducing costs, and joint procurement.

In October 2023, Stellantis NV became the single largest shareholder of LEAPMOTOR by acquiring approximately 21% of its shares. Stellantis NV holds a 51% stake in the joint venture "LEAPMOTOR International" and possesses the 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 launch cycle this year. The compact SUV A10 was launched in March, the large SUV D19 in April, and the A05 and the first MPV D99 are planned for launch in June-July. Among these, the new models A10 and D19 feature strong product capabilities, pricing that exceeded expectations, and high post-launch popularity, continuing LEAPMOTOR's strategy of high cost-performance products. With the launch of new models, the company's product matrix will be further improved, providing strong support for subsequent sales growth. It is estimated that the company's sales will reach 1.02 million units in 2026, a year-on-year increase of 70%, highlighting outstanding sales growth momentum.