HK Stock Market Move | LEAPMOTOR (09863) rose nearly 5% in the morning with steady growth in company deliveries. The opening of car purchase rights in March is expected to drive sales up in the short term.

LEAPMOTOR (09863) rose nearly 5% in the morning, up 4.54% as of the time of writing, at 42.86 Hong Kong dollars, with a turnover of 2.06 billion Hong Kong dollars. In terms of news, recently, LEAPMOTOR announced the delivery volume for February 2026, with the company delivering 28,067 vehicles in February, an increase of 11.0% year-on-year but a decrease of 12.5% month-on-month. Looking at cumulative deliveries, LEAPMOTOR sold 60,000 vehicles in January and February, an increase of 19.2% year-on-year. Changjiang stated that looking ahead, the company's current end demand continues to perform well, the new car plan for 2026 is rich, the purchase rights for March open, allowing for discounts up to 46,000 yuan, which is expected to drive short-term sales growth for the company. With the strong new car cycle opening with overseas sales, coupled with the continuous expansion of the domestic vehicle model matrix, the company's sales and revenue are expected to continue to grow rapidly and drive continuous profit improvement.