The C01 Pro+ performance version boasts the fastest acceleration of any EV model in its price range, going from 0 to 100 km/h in 3.7 seconds, according to its latest prospectus.
(Image credit: Leapmotor)
Zhejiang Leapmotor Technology's planned initial public offering (IPO) in Hong Kong has cleared the Hong Kong Stock Exchange's (HKEX) listing hearing, indicating that the company is not far from the start of trading on the Hong Kong stock market.
Leapmotor's co-sponsors for the IPO include China International Capital Corporation (CICC), Citi, JPMorgan Chase and CCB International, according to a stock exchange announcement today.
The number of shares the company plans to issue or the amount it plans to raise has not been announced.
On March 17, Leapmotor applied for a Hong Kong listing and filed its first version of a prospectus. The plan was approved by the China Securities Regulatory Commission (CSRC) on August 19.
Leapmotor was permitted to issue up to 290 million ordinary shares, the completion of which will allow the company to list on the Main Board of the HKEX, according to an announcement issued by the CSRC.
Leapmotor was founded in 2015 and currently sells the T03 minicar, the S01 coupe and the C11 flagship SUV model.
On May 10, Leapmotor unveiled its flagship sedan C01 and began accepting reservations for a price range of RMB 180,000 ($26,770) - 270,000 yuan.
The Leapmotor C01 will be officially launched on September 28, the company said in an article posted today on its official WeChat account, without revealing any more information.
The Leapmotor C01 is built on the same platform as the C11 and boasts a length of 5,050 mm to rival best-selling electric vehicles (EVs) at higher price points, the company said in its latest prospectus on the HKEX.
The C01 Pro+ performance version has the fastest acceleration of any EV model in its price range, going from 0 to 100 km/h in 3.7 seconds, according to the prospectus.
With Leapmotor Power, the ultra-long-range version of the C01 boasts a CLTC range of up to 717 kilometers, according to the company.
Leapmotor said it expects to start delivering the C01 in the third quarter, making it the first emerging EV company in the world to use CTC technology that enables the integration of a battery module with a battery tray and body on a production vehicle.
Leapmotor plans to launch seven additional new models by the end of 2025, with 1-3 new vehicles each year during that period, covering sedans, SUVs, and MPVs, the latest prospectus says.
Leapmotor delivered 12,044 vehicles in July, the third consecutive month of record highs, according to data released by the company earlier this month.