Leapmotor

Leapmotor announced October deliveries of a record 18,202 vehicles before the Hong Kong stock market opened today, in what appears to be one of its attempts to calm investors down.

Leapmotor's founding team has pledged not to transfer or reduce their stake in the company in any way over the next 10 years.

Contents from Leapmotor's Hong Kong IPO prospectus explain in detail the company's business as well as its technologies.

Stellantis will form a joint venture with Leapmotor, Leapmotor International, which will begin export operations in the second half of 2024.

As part of the deal, Leapmotor and Stellantis are also discussing a joint venture, according to Bloomberg.

The Leapmotor C10 looks a lot like Li Auto's Li L7 and Li L8, especially the roof LiDAR and the front and rear run-through lights.

In the third quarter, Leapmotor delivered a record 44,325 vehicles, up 24.48 percent year-on-year and up 30.39 percent from the second quarter.

Leapmotor's deliveries fell to just 1,139 units in January, but with the March 1 launch of the C11 SUV's EREV variant, its monthly deliveries have moved back above 14,000 units over the past two months.

The C01 EREV will feature battery packs with a capacity of up to 43.7 kWh, thus offering a battery range of up to 316 kilometers, which is higher than some versions of its T03 BEV.

Leapmotor aims to launch 5 new global models in the next 2 years for sale in Europe, Asia Pacific, the Middle East and the Americas.