On December 1, 2025, Leap Motor (09863.HK) saw a continued strong surge in its stock price. By 14:20, the stock price reached HK$53.55, up 1.04%. Since November 25, the company's stock has steadily increased, marking a 7.9% rise. This growth trend reflects investor confidence in Leap Motor's position in the electric vehicle (EV) industry and its future potential. As the demand for electric vehicles continues to expand, Leap Motor, with its strong technological innovation and market performance, has increasingly become a focal point in the industry.

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New Highs in Deliveries, Sustained Growth Driving Stock Price Up

Leap Motor's robust stock performance is closely linked to its continuous innovation and impressive delivery volumes. In November, Leap Motor achieved a record-breaking 70,327 deliveries, a year-on-year growth of over 75%. This milestone not only reflects strong demand in the domestic market but also demonstrates the increasing depth of its product line and brand influence among consumers. Particularly driven by its high-end models, Leap's sales performance has been impressive, showing that its products are competitive not only in terms of price but also in technology and performance, receiving high market recognition.

What's even more encouraging is that Leap Motor has maintained a nine-month streak of continuous delivery growth, laying a solid foundation for its long-term development in the EV sector. With further improvements in production capacity and supply chain management, it is expected that Leap’s sales will continue to rise in the coming months, bringing in more revenue and profit growth for the company.

Achieving Sales Targets Ahead of Schedule, Third-Quarter Earnings Strong

On November 15, 2025, Leap Motor announced that it had surpassed its 2025 annual sales target ahead of schedule. As of this date, the company's cumulative sales had exceeded 500,000 units. In the increasingly mature new energy vehicle industry, Leap’s ability to stand out with innovative technology and high-quality products, achieving its annual sales target early, highlights the success of its market strategy.

On November 17, Leap Motor released its third-quarter earnings report, which showed a 97.3% year-on-year increase in revenue to RMB 19.45 billion. This growth was primarily driven by the rise in sales and the optimization of its product structure. The gross margin also saw an improvement, reaching 14.5%, up from the same period in 2024, indicating progress in cost control and operational efficiency. Furthermore, Leap Motor continued to generate positive operating cash flow and free cash flow, maintaining a healthy financial status, which further strengthens market confidence in its long-term investment value.

These strong financial figures not only demonstrate the effectiveness of Leap Motor's business model and market strategy but also highlight its strong competitiveness in the electric vehicle sector. With continuous product optimization and expanded production capacity, Leap's profitability and cash flow are expected to further improve, providing a solid foundation for its future development.

Accelerating Global Expansion, Promising Future Outlook

In addition to its outstanding performance in the domestic market, Leap Motor is actively advancing its global expansion. As orders from overseas markets continue to rise, the company’s international strategy is beginning to bear fruit. Leap Motor is accelerating its expansion into markets in Europe and Southeast Asia, aiming to capture market share in regions where demand for electric vehicles is growing rapidly. Leap’s innovative technology and product characteristics give it a competitive edge in these markets.

Leap’s expansion into international markets is not only a growth driver for its sales but also enhances its brand’s global influence. As its overseas operations gradually scale up, it is expected that Leap Motor will become an important player in the global new energy vehicle market in the coming years, further strengthening its competitiveness on the international stage.

How to Buy Leap Motor via on uSMART

After logging into the uSMART HK app, click the “Search” button in the top-right corner of the page, enter the ticker code (09863.HK), and navigate to the details page to view transaction details and historical trends. Click the “Trade” button in the bottom-right corner, select the trade type, and submit your order after filling in the transaction conditions.

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