On July 2, Leapmotor (9863.HK) disclosed in a voluntary filing on the HKEX that founder, chairman and CEO Zhu Jiangming, together with shareholder Fu Liquan, recently acquired an additional 4.8142 million H-shares at an average price of approximately HK$35.86 per share, totaling about HK$170 million ($21.7 million). Following this transaction, Leapmotor’s largest shareholder group in aggregate holds 228 million H-shares and 129 million domestic shares, representing 25.05% of the company’s total issued share capital. Leapmotor (9863.HK) disclosed stake boost in a voluntary filing on the HKEX This marks the third share purchase by the two investors so far this year. On April 1, Zhu and Fu completed another acquisition worth approximately HK$230 million ($29.3 million). On June 4, they purchased a combined 11.6219 million H-shares at an average price of HK$41.99 per share, with a total consideration of about HK$490 million ($62.5 million). Over the past six months, cumulative share purchases by Zhu Jiangming and Fu Liquan have reached approximately HK$900 million ($114.7 million), bringing their total additional investment to nearly HK$1.9 billion ($242 million). The latest buying activity comes shortly after Leapmotor reported record performance. The company delivered 93,376 vehicles globally in June, up 95% year-on-year, setting a new monthly record. In the first half of the year, cumulative global deliveries approached 360,000 units, including nearly 100,000 units in overseas markets, already exceeding full-year export volumes from the previous year. Leapmotor D99 On the product side, Leapmotor’s flagship D-segment MPV D99 was officially launched on June 25. The C-series lineup has undergone a full refresh, while the B-series is scheduled for an update in July, reflecting a continued expansion of its multi-segment portfolio. Leapmotor Vice President Li Tengfei stated during a Q1 earnings call that the company is also planning a second brand. The new lineup is expected to debut as early as late this year or next year, with market launch likely in mid- or second-half of next year. According to earlier reports, the second brand will target pricing above RMB 300,000 ($41,790), a move aimed at addressing Leapmotor’s profitability structure.
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