HK Stock Market Move | LEAPMOTOR(09863) rose more than 4% in the afternoon, Lingpao B10 will land in Mexico this month, institutions optimistic about going abroad to build the second curve.

LEAPMOTOR (09863) rose more than 4% in the afternoon, rising 4.12% to HK$34.84 by the time of publication, with a turnover of HK$1.19 billion. On the news front, in July of this year, the Zero RUN B10 completed local certification in Mexico, officially entering the local market and starting deliveries, opening up the expansion process in the North American market. Currently, the Zero RUN B10 has entered various stores in Mexico. It is reported that the Zero RUN C10 and C16 will subsequently enter the market, covering scenarios such as family travel and multiple passenger needs. Huachuang Securities pointed out that Zero RUN continues to advance its overseas product, channel, and production capacity layout, with annual export sales expected to exceed the upper limit of guidance. The bank pointed out that overseas business contributes to profitability through Zero RUN's international equity income, carbon credits, and franchise rights, with a large profit elasticity. The bank believes that going global is expected to become the second growth curve for the company's quantity and profit synergy.