• Leapmotor's founder and his concerted parties recently increased their holdings in the company by about HK$205 million ($26.4 million).
• Leapmotor shares rose in early Hong Kong trading on Monday, climbing 5.83 percent to HK$58.95 at press time.

Leapmotor (HKG: 9863) founder has again increased his stake in the company, marking the second such move this year to demonstrate management's confidence in the Chinese electric vehicle (EV) maker.

Zhu Jiangming, Leapmotor's founder, chairman, and CEO, along with his concerted action persons Fu Liquan and his spouse, recently increased their holdings in the company, according to a Hong Kong Stock Exchange announcement today.

They purchased 3,243,500 Leapmotor shares from the market at an average price of HK$63.19 per share, totaling about HK$205 million ($26.4 million).

The move stems from their strong confidence in Leapmotor's future development, aiming to promote the company's sustained, stable, and healthy growth while safeguarding public investors' interests, the announcement said.

After this latest purchase, the single largest shareholder group including Zhu and Fu collectively holds 206,949,938 H-shares and 128,517,839 domestic shares, representing 23.59 percent of the company's total issued shares.

Leapmotor shares rose in early Hong Kong trading on Monday, climbing 5.83 percent to HK$58.95 at press time.

Leapmotor is a Chinese EV maker backed by Stellantis NV (NYSE: STLA). On October 26, 2023, Leapmotor announced Stellantis would invest €1.5 billion for about a 20 percent stake, becoming the EV maker's largest external shareholder.

In August 2024, Leapmotor announced that the Zhu and the Fu family planned to increase their holdings of Leapmotor's Hong Kong-listed shares within six months, with the total investment not exceeding RMB 300 million ($42 million).

This April, Zhu and the Fu family increased their holdings by 6.81 million shares worth HK$316 million, bringing their cumulative investment to over HK$600 million.

Following the latest increase, Zhu and Fu have collectively added HK$850 million worth of Leapmotor shares since August 2024, according to the company's announcement today.

Leapmotor, one of China's financially robust EV makers, achieved a net income of RMB 30 million in the first half of 2025, marking its first positive half-year net income, according to financial results released on August 18.

Leapmotor then raised its full-year 2025 sales target from the previous range of 500,000 to 600,000 units to 580,000 to 650,000 units.

In 2026, Leapmotor would aim for annual sales of 1 million units, its management said in August.

The company delivered 66,657 vehicles in September, marking its fifth consecutive month of record-high deliveries, according to data released earlier this month.

From January to September, Leapmotor delivered 395,516 vehicles, representing a year-on-year increase of 128.81 percent.

($1 = RMB 7.1254, $1 = HK$ 7.7678)