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HKG:9863

9 stories mentioning HKG:9863Updated 12d ago

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Asia

China-Made Passenger EV Sales Rise 23% in July, CPCA Says

Chinese electric passenger vehicle sales rose 23% year over year to about 1.5 million units in July as oil prices continue to rise due to the conflict in the Middle East, according to data from the China Passenger Car Association released Tuesday.BYD (HKG:1211, SHE:002594) logged the highest sales volume of 411,702 units during the month, followed by Geely Automobile (HKG:0175) at 158,145, and Chery Automobile (HKG:9973) at 122.082 units.Zhejiang Leapmotor (HKG:9863) logged sales of 101,267 units, while Tesla came in at fifth with 93,759 units.

Shanghai Composite^SZSEHKG:0175HKG:1211HKG:9863SHE:002594
China's EV Manufacturers Report Strong July Sales, Led by Leapmotor's 102% Surge
US Markets

China's EV Manufacturers Report Strong July Sales, Led by Leapmotor's 102% Surge

Most Chinese electric-vehicle manufacturers reported higher deliveries in July versus a year earlier, led by Zhejiang Leapmotor Technology (HKG:9863), which saw its sales double from a year earlier.Stellantis-backed Leapmotor delivered 101,267 vehicles globally in July, up 102% year over year, exceeding the 100,000-unit mark in a single month for the first time.Deliveries in the first seven months of the year totaled 457,754 units, up 68.4% and achieving about 46% of its full-year target of 1 million.BYD (HKG:1211, SHE:002594) sold 419,211 new energy vehicles in July, up 21.8% from 344,296 a year earlier, according to a Hong Kong bourse filing on Sunday. The company exported 180,538 NEV units during the month.XPeng (HKG:9868) delivered 38,027 vehicles globally in July, up 4% year over year, the company said in a press release on Saturday. Cumulative deliveries surpassed 1.2 million units as of July 31.Li Auto (HKG:2015) sold 30,468 vehicles in July, with cumulative deliveries reaching 1.8 million as of July 31, the company said in a bourse filing on Sunday. While the company did not mention year-over-year growth, data from July 2025 shows that latest deliveries rose 0.86% from the 30,731 vehicles sold last year.NIO (HKG:9866, SGX:NIO) delivered 35,934 vehicles in July, up 71% from a year earlier. The sales consisted of 20,008 vehicles from its namesake NIO brand, 10,155 vehicles from its ONVO brand, and 5,771 units from its FIREFLY brand. Cumulative deliveries reached 1.2 million units.Geely Automobile (HKG:0175) sold 250,161 vehicles in July, up 5% from a year earlier. Exports surged 202% to 106,663 units from 35,272 units.The company's Zeekr brand saw sales jump 111% to 35,837 units from 16,977 units last year. Lynk & Co deliveries, however, plunged 40% to 16,382 units.However, overall NEV sales at home are expected to have fallen to 980,000 units in July from the previous month amid a seasonal slowdown, CnEVPost reported, citing data from the China Passenger Car Association.July is a traditionally slow season for auto sales in China as high temperatures and heavy rain and flooding in some regions affect showroom traffic and deliveries, according to CnEVPost.

HKG:0175HKG:1211HKG:2015HKG:9863HKG:9866HKG:9868SGX:NIOSHE:002594
BYD Leads China NEV Sales in June
US Markets

BYD Leads China NEV Sales in June

BYD (HKG:1211, SHE:002594) led June's new energy vehicle sales as demand for such vehicles continues to surge abroad, even as domestic expansion faces distinct retail headwinds.BYD recorded the highest number of sales among Chinese NEV makers, selling 403,472 units during the month, up 5.46% from a year earlier. The carmaker's momentum was buoyed by its overseas performance, where passenger exports nearly doubled year over year to a record 174,897 units, offsetting a cool domestic retail market.Meanwhile, Zhejiang Leapmotor Technology (HKG:9863) and Nio (HKG:9866, SGX:NIO) recorded significant increases in their global deliveries, jumping 95% and 62.9% year over year, respectively, to deliver 93,376 units and 40,597 units.Leapmotor's numbers were boosted by its extended-range hybrid lineup, while Nio's deliveries were split across its luxury brand and its emerging sub-brands.SAIC Motor (SHA:600104) maintained strong overall volume, with group-wide sales reaching 395,000 units in June, up 8.1% from the previous year. Sales were boosted by electrification across the company's portfolio. Monthly NEV-specific sales 66.6% year over year to hit 201,000 units.Meanwhile, Geely Automobile's (HKG:0175) NEV sales climbed 2% year on year to 240,799 units, while those of Chery Automobile (HKG:9973) rose 9.5% to 240,585 units.Meanwhile, XPeng (HKG:9868) sold 40,126 vehicles during the month, bringing deliveries in the second quarter to 103,295 units. The carmaker plans to launch and presale a new model, XPENG MONA L03, on Thursday.Li Auto (HKG:2015) delivered 30,895 NEVs in the same month, bringing 1.7 million units into sale as of the end of June. The automaker said it surpassed 150,000 units in cumulative production after introducing a new flagship SUV, Li L8, on June 23.The number in NEV exports rose, but analysts from S&P Global said it is not enough to lift the slumping domestic demand.On a June 15 note, the ratings firm predicted NEV domestic sales to drop by 7% year on year to 25.4 million units in June as demand slowed down due to a reduction in trade-in and NEV purchase tax incentives."While mainland China automakers have been praised for their speed to market and ability to rapidly update products and technology, this frenetic cycle has a downside," S&P Global said. "The pace of model updates from mainland OEMs is causing some consumers to delay purchases, waiting for better deals both technologically and financially."

HKG:0175HKG:1211HKG:2015HKG:9863HKG:9866HKG:9868HKG:9973SGX:NIOSHA:600104SHE:002594
Asia

Leapmotor Technology's Chair, Shareholder Boost Stake

Zhejiang Leapmotor Technology's (HKG:9863) chairman and CEO Zhu Jiangming and shareholder Fu Liquan acquired a little over 4.8 million Hong Kong-listed shares in the company, according to a Thursday Hong Kong bourse filing.The shares were purchased from the market at an average of HK$35.86 apiece.The two parties now hold 227.6 million, or 25.05%, shares in the automaker.

HKG:9863
Asia

Market Chatter: Leapmotor Unveils Battery Assembly Workshop in Spain

Zhejiang Leapmotor Technology's (HKG:9863) global joint venture Leapmotor International unveiled a new battery assembly workshop in Spain that can supply around 65,000 battery modules, Reuters reported Tuesday.The workshop, which can be upgraded to produce a maximum of 100,000 units, will begin by ​making lithium iron phosphate batteries commonly used in electric vehicles.Leapmotor International is a joint venture between Leapmotor and Stellantis.Leapmotor did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:9863
Asia

Chinese EV Sales Fall 6% in April, Jefferies Says

Chinese electric vehicle sales fell 6% year over year in April, contributing to weaker growth worldwide, Jefferies said in a note Wednesday.Plug-in hybrid EV sales plunged 24% year over year, while that of battery-operated EVs jumped 4% year over year.In the battery EV segment, Li Auto's (HKG:2015) market share increased 4.1% while that of Zhejiang Leapmotor (HKG:9863) jumped 2.9%.BYD's (HKG:1211, SHE:002594) market share fell 4.5% while that of Geely (HKG:0175) slid 3.9% year over year.Electric vehicle penetration surged 830 basis points year over year to 61%.EV sales across Europe, the U.S., and China slipped 0.5% year over year. Market share rose 2.5 percentage points to 33.1%, impacted by a 19% slide in Chinese market share.

Shanghai Composite^SZSEHKG:0175HKG:1211HKG:2015HKG:9863SHE:002594
Asia

Jefferies Adjusts Zhejiang Leapmotor Technology's Price Target to HK$61.80 from HK$76.60, Keeps at Buy

HKG:9863
Asia

Market Chatter: BYD Holds Talks with Stellantis, Others for Underused Europe Factories

Executive Vice President Stella Li said BYD (HKG:1211, SHE:002594) is in talks with Stellantis and other European car manufacturers to take over underused plants in the region, Bloomberg News reported Wednesday.Li made the remarks after Stellantis revealed a plan to work more closely with Zhejiang Leapmotor (HKG:9863), the report added.In response to a request for comment from, Stellantis said the discussions form part of "its normal course of business" as it holds talks with "a range of industry players around the world on various topics." It, however, noted that it does not comment on speculations.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:1211HKG:9863SHE:002594
Asia

Market Chatter: Leapmotor Launches EV in Germany Undercutting Competition

China's Zhejiang Leapmotor Technology (HKG:9863) launched a electric vehicle in Germany under a monthly subscription model that undercuts a similar offer from Stellantis, Bloomberg reported Thursday.The firm is offering the Leapmotor T03 for a monthly subscription starting at 49 euros, or half the price of the similarly sized Fiat 500, the report said.The launch comes amid a push by Leapmotor to expand its presence in Europe's largest auto market, the publication said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:9863

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