Citi: Rated leapmotor (09863) as "buy" with a target price of 45.1 Hong Kong dollars

Leapmotor's sales target for next year is 0.5 million autos, with exports expected to account for about ten percent.

Zhitong FinanceDec 3 22:36 ET

China Nov NEV Wholesale at Record 1.46 Million, CPCA Estimates Show

CnEVPostDec 3 04:33 ET

[Brokerage Focus] Changjiang Securities maintains a 'buy' rating on Leapmotor (09863) and is bullish on the substantial profit contribution from the company's overseas high-end vehicle business.

Jingu Finance News | Changjiang Securities issued research reports indicating that leapmotor (09863) November deliveries continued to grow month-on-month, reaching a new high of over 0.04 million vehicles, surpassing the annual delivery target ahead of schedule. Looking ahead, the company's current orders are hot and continue to grow, with a rich future new car plan, strong new car cycle followed by the opening of overseas sales, coupled with the growth of domestic high stock price model C16 sales, the company's sales and revenue are expected to continue to grow rapidly. At the same time, by 2025, leapmotor has set a sales target of 0.5 million vehicles, continuously achieving high-speed year-on-year growth. The bank points out that the continuous strong new car cycle in the domestic market and the ultimate price-to-performance ratio will drive continued sales growth.

Jinwu Financial NewsDec 3 02:29 ET

At the end of the year, the "sales boost battle" in the car market has begun: multiple car companies have updated the December car purchase benefits, with BYD's terminal prices showing a slight loosening.

BYD has launched various popular car models with different levels of discount policies in December. leapmotor, which has already completed its annual sales target ahead of schedule, updated the car purchase benefits for December on December 2nd.

cls.cnDec 3 01:48 ET

bocom intl: Each automaker is striving to meet its annual sales targets, bullish on the performance of electric vehicles in December.

Zhito Finance APP learned that Bocom intl released a research report stating that in November, several automakers such as BYD Co., Ltd. (01211), leapmotor (09863), and Xpeng Inc. (09868) achieved monthly delivery highs, mainly benefiting from policy subsidies and efforts from automakers and dealers to meet annual sales targets, with 10 automakers collectively seeing a 67.4% year-on-year increase in sales.

Zhitong FinanceDec 2 21:11 ET

Chinese Automakers BYD, Leapmotor and Xiaomi Smash Annual Delivery Targets Ahead of Schedule

CNBCDec 2 03:16 ET