HK Stock Market Move | LEAPMOTOR(09863) rose more than 4% in early trading, with March sales reaching 50,000 units, exceeding expectations. It is expected to contribute additional volume after the launch of new models.

LEAPMOTOR (09863) rose more than 4% in early trading, rising 4.04% to HKD 56.55 as of the time of writing, with a trading volume of HKD 1.44 billion. In terms of news, in March, LEAPMOTOR delivered 50,029 vehicles, an increase of 34.9% year-on-year and 78.2% month-on-month. LEAPMOTOR's founder, chairman and CEO, Zhu Jiangming, and shareholder Fu Liquan recently increased their stakes in the company at an average price of approximately HKD 45.1, with an increase amount of approximately HKD 2.3 billion, demonstrating their confidence in the company's development. Changjiang released a research report stating that looking ahead, the company's current terminal demand continues to perform well, with a rich new car plan for 2026. After the listing of the A10 on March 26, orders have been hot, and with the D19 scheduled to be listed on April 16, it is expected to drive the company's short-term sales volume to accelerate upward. Following this, the company's continued strong new car cycle is set to start with overseas sales opening up along with the continual expansion of the domestic model matrix, with the company's sales volume and revenue expected to continue to grow rapidly and drive ongoing profit improvement.