BI-LEAP@EC2609A

Leapmotor Capital Increase to 5.558 billion RMB

ZiRun Auto COO Xu Junbo Outlines Future Goals in Internal Letter

Leapmotor Delivered 32,059 Units in January, Up 27% YoY, Adding 85 New Stores

Zero Run Auto Indirectly Wholly Owns the Establishment of Jinhua Lingai Electronics Co., Ltd.

Leapmotor's Sales Service Company Increases Registered Capital to 850 Million Yuan

FAW Signs Strategic Cooperation Agreement with ZeroRun Automobile

Leapmotor Unveils A10 SUV at Brussels Auto Show

Leapmotor's New D19 SUV Planned For April 2026 Launch

Leapmotor Applies for Approval of A10 Compact Electric SUV

Zhejiang Lixiang Auto Sales Service Co., Ltd. Capital Increase to 850 Million RMB

Zhejiang LITORE Technology Fully-owned Subsidiary Hangzhou Lingqi Auto Sales Service Co., Ltd. Established

Leapmotor's Sales Continue to Grow, Leading the New Energy Vehicle Race

Intramco Europe B.V. reaches cooperation with ZeroRun Auto

Leapmotor's Lafa5 sells 17,042 units in 35 days after launch

Zhejiang Lixiang Introduces State-Owned Enterprise for About 430 Million USD in Funding

Leapmotor issued 59.964 million shares to Jinyi High-tech

Leapmotor Unveils First Look at New MPV Model Leapmotor D99

Huatai Securities and Piper Sandler Maintain Buy Rating on ZeroRun Technology H Shares

Leapmotor Delivered 596,555 Vehicles in 2025 with 103.1% YoY Growth

Qualcomm and ZeroRun Auto Collaborate on the World's First Dual Snapdragon Platform Integrated Automotive Solution

DAISHOMICROLINE

PUTIAN COMM

MOBI DEV

NANFANG COMM

ADD NEW ENERGY

ELIFE HLDGS

SIWI SCI & TECH

DTXS SILK ROAD

SANDMARTIN INTL

HAO BAI INTL

515700

CARZ

09863

516380

515030

DRIV

New electric vehicle (EV) prices in the USA have dropped by 2.3% over the last four months, averaging $61,860, while gas car prices rose by 2.5%. The decline in EV prices is attributed to the removal of the $7,500 tax credit, with lower-cost models seeing the largest reductions. Notable price drops include the Hyundai Ioniq 5 (over $7,000) and Chevrolet Equinox EV (nearly $4,000). Premium models, however, have experienced price increases, indicating a shift in market dynamics.

- iSeeCars analyzed used EV prices and new car prices, revealing a 2.3% drop in new electric vehicle prices and a 2.5% increase in new gas car prices from September 2025 to January 2026.  
- The average price of electric vehicles fell from $63,327 to $61,860, while gas cars rose from $46,290 to $47,427, likely due to the absence of the $7,500 US EV tax credit.  
- Significant price drops were noted for models like the Hyundai Ioniq 5 and Chevrolet Equinox EV, indicating good deals in the current electric vehicle market.

cleantechnica

Ping An CSI New Energy Vehicles Industry ETF

General Motors

First Trust S-Network Future Vehicles & Tech ETF

LEAPMOTOR

Hwabao WP CSI Intelligent Electric Vehicle ETF

Hua Xia CSI New Energy Vehicles ETF

Global X Autonomous & Electric V

Li Auto

LI AUTO-W

New EV List Prices Drop $1,500 in 4 Months in USA

159306

562260

516110

02015

01728

159323

562700

159565

Hyundai Motor President Sung Kim has urged South Korea to pass a $350 billion U.S. investment package quickly, warning that the Trump administration may escalate tariff pressures on the auto sector despite a recent Supreme Court ruling. Hyundai and Kia suffered a $5 billion financial hit from tariffs last year, and Kim cautioned that increased tariffs could weaken the competitiveness of Korean companies amid industry transitions. The Korean government plans to adhere to the trade deal, but concerns remain about potential sector-specific tariffs.

- Hyundai Motor President Sung Kim urged South Korea to quickly pass legislation for a $350 billion U.S. investment package to mitigate tariff pressures from the Trump administration.  
- Hyundai and Kia experienced a financial hit of approximately $5 billion due to tariffs last year, and increasing tariffs could further weaken their competitiveness in the U.S. market.  
- The South Korean auto industry is in crisis amid potential sector-specific tariffs, emphasizing the urgent need for legislative action to adhere to the trade deal with the U.S.

Reuters

Ping An CSI Auto Components Thematic ETF

HFT CSI Auto Components Thematic ETF

Guotai CSI 800 Automobile and Parts ETF

Max Auto Industry 3X Leveraged ETN

ZHENGTONGAUTO

ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

ChinaAMC CSI Auto Components Thematic ETF

E Fund CSI Auto Components Thematic ETF

South Korea's Hyundai Motor warns US tariff pressure may intensify despite Supreme Court ruling

Leapmotor Co., Ltd. completed a capital increase on February 13, with registered capital rising from RMB 4.708 billion to RMB 5.558 billion, an increase of approximately 18%. Zhu Jiangming was changed from executive director to director, and several senior executives underwent changes. The company was established in 2017 and primarily engages in the sales of new energy vehicles and related products. The shareholder is Zhejiang Leap Technology Co., Ltd

36Kr

Leapmotor Co., Ltd. increased its capital to 5.558 billion yuan, an increase of approximately 18%

09927

Electric vehicle stocks in Hong Kong experienced a notable increase, with several companies seeing significant gains. According to Jin10, Leapmotor, Li Auto, NIO-SW, and Seresall rose by over 4%, while XPeng Motorsincreased by more than 3.9%. This upward trend reflects growing investor confidence in the electric vehicle sector, driven by advancements in technology and increasing demand for sustainable transportation solutions.

CoinLive

SERES

NIO-SW

XPENG-W

Hong Kong Electric Vehicle Stocks Surge as Market Gains Momentum

Genesis is set to unveil the GV90, its first full-size electric SUV, by the end of 2026. The GV90 was recently spotted in a new royal green color ahead of its global debut. The SUV, described by Genesis Chief Creative Officer Luc Donckerwolke as the epitome of timeless design and sophisticated craftsmanship, features premium elements such as coach doors, swivel seats, and an immersive audio system, first previewed at the New York Auto Show last year with the Neolun Concept.

Electrek

Genesis GV90 gets the royal green treatment in latest appearance [Images]

The powerful IONIQ 5 N is equipped with an impressive 641 horsepower and features enhanced suspension and cooling systems for optimal track performance. The N Active Sound+ and N e-Shift technologies offer a unique and immersive driving experience not found in other electric vehicles. In 2026, the IONIQ 5 N will come with a new NACS port, making charging even more convenient. Hyundai's IONIQ model continues to push the boundaries of electric vehicle technology.

Unusual Whales

Hyundai IONIQ 5 N named Best Performance EV - up to 641 horsepower, track-ready, new NACS port for easier charging.

GELHY

00175

GELYY

Hong Kong automotive stocks experienced a notable surge during intraday trading. According to Jin10, Xiaomi Groupsaw an increase of over 5%, while BYD Companyrose by more than 4%. Other automakers, including Li Auto, NIO, Geely Automobile, XPeng Motors, and Leapmotor, each recorded gains of 3%. This upward trend reflects a broader market rally within the sector.

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

GEELY AUTO

Geely Auto

BYD Company Limited

NIO Inc

Xiaomi Corporation

XIAOMI-W

XPeng

NIO Inc. USD OV

BYD COMPANY

BYD Company

Hong Kong Auto Stocks Surge Amid Market Rally

588830

A Kia EV2 prototype excelled in a subzero range test in Norway, losing only 24.8% of its claimed range. The test, conducted in extreme cold, showed the EV2 covering 193 miles while temperatures ranged from 17.6°F to 23.8°F. Kia's prototype, equipped with a long-range battery, performed better than all other participating vehicles, including the Hyundai Inster and Kia EV4. Charging performance was also impressive, with the EV2 charging from 8% to 80% in under 37 minutes. The EV2 is set to enter production in Slovakia in July.

InsideEVs

Penghua SSE STAR New Energy ETF

SmartETFs Smart Transportation & Tech ETF

Freezing Temps Crush Range. But Kia's Newest EV Dominated This Test

KLXY

Genesis, Hyundai's premium brand, is developing a bespoke vehicle platform for its future electric and hybrid models, set to debut in 2027. This move aims to enhance Genesis's identity as an independent luxury brand, differentiating it from Hyundai and Kia. The platform will allow for unique design and tuning, addressing challenges in justifying price differences with cheaper models. While details on drivetrain components remain unclear, the platform is expected to support a distinct driving experience aligned with Genesis's premium positioning. The announcement comes as Genesis seeks to strengthen its market presence, particularly in Asia and North America.

electrive

Kraneshares Global Luxury Index ETF

Tema Luxury ETF

Genesis plans bespoke vehicle platform as early as 2027

002594

01211

BYDDF

吉利汽车

BYDDY

The Lyon Research Report points out that the recent rise in commodity prices will increase cost pressure on automakers, with an expected average cost increase of about 3,000 yuan per vehicle. BYD and Leapmotor are better positioned to cope with this pressure due to their higher degree of vertical integration. Meanwhile, Geely is expected to become a dominant brand in the electric vehicle sector. The Chinese automotive industry is entering a consolidation phase, with market share concentrating among first-tier automakers

AASTOCKS

In "The Big Banks," Citigroup: Rising costs further squeeze automaker profits, BYD and Leapmotor can better absorb the pressure

J.P. Morgan analyst Nick Lai has maintained a Buy rating on Zhejiang Leapmotor Technology Co., Ltd. Class H (9863), setting a price target of HK$56.00. Despite Lai's average return of -2.0% and a 39.62% success rate, the stock has a Strong Buy consensus among analysts, with a higher price target consensus of HK$75.09.

Tip Ranks

J.P. Morgan Remains a Buy on Zhejiang Leapmotor Technology Co., Ltd. Class H (9863)

Hyundai is pausing production of the Kona EV for the 2026 model year but assures that the electric SUV will return. The company will continue to offer 2025 models until production resumes in June for the 2027 model year. A spokesperson confirmed that there is sufficient stock of the 2025 Kona Electric to meet current consumer demand.

Hyundai is pausing production of this electric SUV, but promises the EV will return

Hyundai's premium brand Genesis is expanding into Italy, marking its fourth European market after Germany, the UK, and Switzerland. The brand will introduce three BEV models: Genesis GV60, Electrified GV70, and Electrified G80, available through a curated retail model. The first dealerships will open in Rome and Padua this spring, with plans for further expansion into France, Spain, and the Netherlands. Managing Director Peter Kronschnabl emphasized the brand's commitment to long-term growth in Europe, highlighting Italy's strong design tradition and customer expectations.

Genesis expands into Italy as its fourth European market

Hyundai and Kia have started 2026 strongly, posting record-breaking January sales in the US. Hyundai sold over 55,600 vehicles, a 2% increase from last year, while Kia sold 64,502 vehicles, up 13%. The automakers attribute their success to the rising demand for electrified vehicles, particularly hybrid SUVs, which saw a demand increase of over 60%.

Hyundai and Kia kick off 2026 with a bang

Hyundai Motor America achieved its best January sales ever in 2026, with total sales rising by 2%. This growth was driven by a remarkable 60% increase in hybrid sales. The new Palisade model saw a 29% sales increase, while the Santa Fe HEV experienced a 43% jump in sales. The announcement was made on February 3, 2026, from Fountain Valley, California.

Hyundai Motor America records best January sales ever in 2026, with total sales up 2%; hybrid sales spike 60%. New Palisade up 29%, Santa Fe HEV up 43%.

Today’s Key News Recap

0202 | Dolphin Research Focus: 🐬 Macro/Industry 1) International precious metals have sold off sharply since the weekend, with gold and silver down materially on a hawkish Fed chair nominee, a stronger USD and higher UST yields, concentrated profit-taking, and deleveraging by levered funds. The violent swings highlight fragile risk sentiment; near term, the market likely chops in a consolidation range with elevated vol risk.2) EV startups posted their first Jan delivery prints with wide divergence in YoY growth, and Leapmotor led the pack with 32,059 units. ...

BYD COMPANY-R

Alphabet - C

Alphabet

TENCENT

TENCENT-R

Tencent HK SDR 10to1

Tencent

Tencent Holdings Limited

POP MART

POP MART HK SDR 20to1

CHINA MOBILE

CHINA MOBILE-R

CN Mobile HK SDR 5to1

China Mobile

Unity Software

BYD HK SDR 10to1

BOYD Gaming

BABA-W

Allianzim US Large Cap Buffer10 Mar ETF

Gold and silver slump, cooling the market; BABA's Qwen adds RMB 3 bn for Lunar New Year | Daily News Recap

1229 | Dolphin Research Focus: 🐬 Macro/Industry 1) On Dec 27, MIIT established the 'Humanoid Robotics and Embodied Intelligence Standardization Technical Committee' in Beijing. The committee is chaired by the ministry's Chief Engineer, with the secretariat housed at the Beijing Electronics Society.Corporate members account for 50%+, including leaders such as Xiaomi and Huawei. Its mandate is to set standards across foundational technologies, key components, and safety, prioritizing urgent areas like multimodal perception and system-level safety, while aligning with Intl norms.This is a key milestone for industry standardization. Unified standards can lower component compatibility costs...

XIAOMI-WR

Xiaomi HK SDR 2to1

Amazon

National Standards Committee for Humanoid Robots Formed; Huawei and Xiaomi Join; FAW invests RMB 3.7bn in Leapmotor | Daily News Recap

$Ford Motor(F.US) announced it is taking a massive $19.5B write down of its EV assets, in a strategic shift away from pure EVs and toward extended range hybrids. The write down was the latest admission that Ford can’t make money by simply launching EV brand extensions of its highly profitable gas powered vehicles.

ZEEKR Intelligent Tech

Ford Motor

Forward Industries

1209 | Dolphin Research Focus: 🐬 Macro/Industry 1) Hong Kong Exchanges and Clearing Ltd. (HKEX) announced the HKEX Tech 100 Index, tracking the 100 largest Southbound Stock Connect-eligible tech names across six themes, including AI, biotech, and autonomous driving. The index fills a gap for a broad-based vehicle covering diversified China tech in HK and could attract more southbound flows.🐬 Single Stock 1) $NVIDIA(NVDA.US). Trump posted on Truth Social...

NVIDIA

HKEX

Bio-Techne

Mirae Asset Global Investments Co., Ltd.

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Morgan Stanley

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

HKEX debuts flagship Tech Index; NVDA H200 cleared for China exports | Daily News Recap

Prices of the electronic material, CCL (copper clad laminate) are on the rise in step with surging copper prices, media report, with Nan Ya Plastics hiking prices 8% and rivals Taiwan Union, ITEQ Corp., raising prices in tandem as they see no room for copper prices to fall with the metal’s widespread use in data centers and electric vehicles. CCL is a key material used in printed circuit boards (PCBs).Source: Dan Nystedt

Carnival

PCB Bancorp

Conference Minutes

Confident in achieving quarterly breakeven in the fourth quarter

North American Energy Par

Organovo

VivoSim Labs

Tesla

Quanex Building Products

Nio (3Q25 Minutes): Expects 20% vehicle gross margin in 2026, achieving full-year Non-GAAP profitability

1124 | Dolphin Research Focus: 🐬 Macro/Industry 1. On November 21st, Hang Seng Indexes Company announced the results of its quarterly review, with the changes to be implemented after the market closes on December 5, 2025, and effective from December 8, 2025. Among the changes, Dolphin Research is particularly interested in Leapmotor being included in the Hang Seng TECH Index, and Hesai Technology being added to the Hang Seng Composite Index. Inclusion in the indices will bring passive capital inflows to both companies, enhancing stock liquidity and market attention. Leapmotor rose nearly 6% today, while Hesai increased by over 8%...

Ali Qianwen surpasses ten million downloads; Hang Seng Index adjusts, Leapmotor and Hesai surge｜Today's Important News Recap

BI-LEAP@EC2609A(22221.HK)

New EV List Prices Drop $1,500 in 4 Months in USA

South Korea's Hyundai Motor warns US tariff pressure may intensify despite Supreme Court ruling

Leapmotor Co., Ltd. increased its capital to 5.558 billion yuan, an increase of approximately 18%

Hong Kong Electric Vehicle Stocks Surge as Market Gains Momentum

Genesis GV90 gets the royal green treatment in latest appearance [Images]