HK Stock Market Move | LEAPMOTOR (09863) rises more than 6% with the cumulative number of new car registrations in Italy in the first half of the year increasing 14 times, the ZERO RUN A05s officially unveiled.

LEAPMOTOR (09863) rose by more than 6%, as of the time of publication, it has increased by 6.51% to 37.64 Hong Kong dollars, with a transaction value of 2.11 billion Hong Kong dollars. On the news front, this morning, LEAPMOTOR announced through its official Weibo account that in the first half of this year, Zero Run had a cumulative registration of 24,269 pure electric vehicles in the Italian market, a year-on-year increase of 1448.8%; the market share of pure electric vehicles reached 29.4%, firmly ranking first in the industry; among them, Zero Run T03 became the best-selling pure electric vehicle in Italy in the first half of the year, and Zero Run B10 also won the championship in the sub-market. In addition, the first sedan of the Zero Run A series, the Zero Run A05s, made its official debut. In June of this year, LEAPMOTOR's monthly delivery volume reached 93,376 vehicles, continuing to break records and leading the sales of new energy vehicles. Huachuang Securities pointed out that overall, with the release of the C-series replacement models, the volume of D99 and the launch and delivery of new cars such as the A05 in the second half of the year, the company's product matrix continues to expand, and it is expected that the subsequent sales volume will maintain high growth. In addition, the company continues to advance its overseas product, channel, and production capacity layout, and the annual export sales volume is expected to exceed the upper limit of guidance. The bank believes that going international is expected to become the second growth curve for the company in terms of volume and profit synergy.