HK Stock Market Move | LEAPMOTOR (09863) continues to rise by more than 3%, with over 50,000 deliveries in March leading the new forces in car manufacturing. The flagship model D19 is set to be launched soon.

LEAPMOTOR (09863) rose by over 3%, as of the time of writing, up by 3.02% at 52.8 Hong Kong dollars, with a turnover of 4.02 billion Hong Kong dollars. On the news front, LEAPMOTOR delivered 50,029 units in March, once again becoming the monthly sales champion among new carmakers, with a year-on-year increase of 35% and a month-on-month increase of about 78.25%. LEAPMOTOR revealed that it will unveil the Lafa5 Ultra model at the Beijing Auto Show this month. In addition, the flagship D19 model will be launched on April 16. Recently, LEAPMOTOR also announced that LEAPMOTOR founder, Chairman and CEO Zhu Jiangming, as well as shareholder Fu Liquan, have increased their holdings in the company again, at an average price of about 45.1 Hong Kong dollars, with a total increase of approximately 2.3 billion Hong Kong dollars, to demonstrate confidence in the company's development.