HKG:9863

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.)

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.

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

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.)

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.)