Tiger Brokers

BUZZ-China's Leapmotor jumps most in six months as EV maker swings to annual profit

Reuters
Mar 17
BUZZ-China's Leapmotor jumps most in six months as EV maker swings to annual profit

** Shares of Chinese EV maker Zhejiang Leapmotor Technology 9863.HK jump 6.7% to HK$47.54, their highest point since January 14

** Stock on course for an eighth consecutive session of gains, if current momemntum holds

** Stock marks its biggest intraday pct gain since September 25

** Zhejiang Leapmotor is top pct gainer in the Hang Seng TECH Index .HSTECH and the Hang Seng Auto Driving Theme Index .HSAMI, which are up 2.3% and 2.4%, respectively

** Leapmotor says it turned to a net profit of 0.54 billion yuan ($78.31 million) in 2025 from a 2.82 billion yuan loss a year before

** The Chinese automaker also said it expected mass production of its vehicles from Spain from October, with some projects with Stellantis STLAM.MI being in "advanced negotiation stages"

** YTD, stock down 2.8%, while benchmark Hang Seng Index .HSI up 2.3%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10