Shenzhen Stock Exchange: Leap Motors was transferred to the list of securities subject to Hong Kong Stock Connect under Shenzhen-Hong Kong Stock Connect

According to news from IT House on December 5, the Shenzhen Stock Exchange announced this morning that due to the adjustment of the constituent stocks of the Hang Seng Composite Mid-Cap Index, according to the relevant provisions of the “Shenzhen Stock Exchange Shenzhen-Hong Kong Stock Connect Business Implementation Measures”, the underlying securities of the Hong Kong Stock Connect The list has been adjusted and will take effect from December 05, 2022, and it will be transferred to Leap Motor .

IT Home learned that Leap Motor was officially listed on the Hong Kong Stock Exchange on September 29. Judging from the prospectus, Leap Motor’s operating income from 2019 to 2021 will be 117 million yuan, 631 million yuan, and 3.132 billion yuan , respectively, and its operating losses will be approximately 730 million yuan, 869 million yuan, and 2.868 billion yuan .

In terms of models, Leapmotor plans to launch seven new pure electric models by the end of 2025 at a rate of one to three models per year, covering sedans, SUVs and MPVs of various sizes. All seven new models will focus on China’s mid-to-high-end mainstream new energy vehicle market, and will be developed on the company’s A, C and D platforms respectively.

Delivery data shows that Leapmotor will deliver 8,047 units in November 2022; the cumulative delivery from January to November reached 102,675 units, a year-on-year increase of over 185% . As of November 25, Leapmotor had a total of 548 stores covering 173 cities.