HK Stock Market Move | LEAPMOTOR (09863) rose more than 7% in the morning session, and B10 will officially be listed this Thursday. Institutions are optimistic about the company's future sales and profit increase.

LEAPMOTOR (09863) rose more than 7% in early trading, reaching a 7.18% increase to HK$44.75 as of the midday deadline, with a turnover of HK$286 million. Changjiang released a research report stating that ZERO RUN delivered over 37,000 vehicles in March, with a continuous high growth rate compared to the previous month, totaling 88,000 deliveries in the first quarter. LEAPMOTOR sold 37,095 vehicles in March 2025, a year-on-year increase of 154.7% and a month-on-month increase of 46.7%. Looking at the total deliveries for this year, LEAPMOTOR has delivered a total of 88,000 vehicles in the first quarter, a year-on-year increase of 162.1%. Looking ahead, the company currently has strong demand for end products, a rich future product plan, and the upcoming launch of the B10 on April 10. With the strong new car cycle to follow and the opening of overseas sales, coupled with the growth in sales of high-priced domestic models like the C16, the company's sales and revenue are expected to continue to grow rapidly and drive profitability. Looking to 2025, LEAPMOTOR has set a sales target of 500,000 vehicles and plans to continue high-speed growth year-on-year. The report also states that LEAPMOTOR is entering a strong new car cycle globally, accelerating its intelligent driving planning, and expects a dual increase in sales and profitability in the future. Currently, the company covers different segments of the market in the price range of 50,000 to 200,000, and has launched the T03 and C10 for overseas markets. Over the next three years, the company plans to launch 2-3 new products globally each year, including the upcoming launch of the B10, with plans to introduce 2 more models in the B series in 2025, priced at 100,000 to 150,000 yuan.