HS-LEAP@EC2608A

Leapmotor Delivered 28,067 Units in February

Stellantis Negotiates Use of ZeroRun Electric Vehicle Technology

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

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Leapmotor delivered 28,067 vehicles in February, a 10.99% year-on-year increase but a 12.45% month-on-month decline due to the Chinese New Year holiday. The company is set to begin pre-sales for its new compact electric SUV, the A10, which targets the global market. The A10 is expected to be priced below 100,000 yuan ($14,580) in China, with deliveries starting in the first half of the year. Leapmotor has cumulatively delivered 1,256,229 vehicles since its inception.

CnEVPost

LEAPMOTOR

Hua Xia CSI New Energy Vehicles ETF

Hwabao WP CSI Intelligent Electric Vehicle ETF

LINOR

Leapmotor Feb deliveries hit by holiday, eyes A10 SUV launch

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According to Dataforce's data, the market share of Chinese automakers in Europe declined in January. The market share of BYD and the MG brand under SAIC Motor for hybrid models dropped to 15%, a decrease of nearly 3 percentage points compared to December last year; while the market share of Chinese pure electric vehicles also fell to 12%. After experiencing strong growth, Leapmotor's growth slowed in January, and the MG brand shifted its sales focus to leasing and fleet business

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BYD Company Limited

Dataforce data: Chinese car manufacturers' market share in Europe fell in January

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Genesis is entering the premium multi-purpose vehicle market with its first ultra-luxury minivan, targeting China. Following its tenth anniversary, the brand aims for significant growth with plans for new electric SUVs and performance vehicles. Despite its global success, Genesis has struggled to establish a foothold in China since its 2021 launch, making this minivan a potential breakthrough vehicle.

Electrek

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Genesis is launching its first ultra-luxury minivan, but most buyers won’t see it

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The Hyundai Ioniq 9 has been tested over 1,800 kilometers on German motorways, showcasing its low energy consumption and practicality as a seven-seater SUV. Initial impressions from a summer drive indicated a consumption of 16.0 kWh/100 km and a WLTP range of 620 kilometers. The extensive test in colder conditions revealed the vehicle's performance, charging capabilities, and energy efficiency under different temperatures. The Ioniq 9, equipped with a 110 kWh battery and a 160 kW rear-wheel-drive powertrain, demonstrated impressive charging speeds, averaging 204 kW during a stop.

electrive

ChinaAMC CSI Auto Components Thematic ETF

Global X Autonomous & Electric V

Guotai CSI 800 Automobile and Parts ETF

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Li Auto

Hyundai Ioniq 9 impresses as refined, spacious long-distance cruiser in motorway test

STLA

Stellantis is reportedly considering an expanded partnership with China's Leapmotor to utilize its advanced EV technology across its European brands, including Fiat and Peugeot. This shift marks a significant reversal in the auto industry, as Western automakers increasingly seek Chinese expertise in electric vehicles. Stellantis, which has faced substantial losses and scaled back its EV ambitions in North America, is already collaborating with Leapmotor to sell its cars in Europe. This trend reflects a broader movement among Western automakers to leverage Chinese EV technology amid changing market dynamics.

InsideEVs

Stellantis NV

Jeep, Ram Parent’s Potential Chinese EV Deal Signals An Extraordinary Auto Industry Role Reversal

Stellantis plans to introduce Leapmotor's battery and power technology into its European brands to reduce high costs. If an agreement is reached, this will be the first time a Western car company relies on Chinese underlying technology to support European models, marking a key step in China's technology "feeding back" to Europe. Currently, negotiations are still in the early stages

- Stellantis is considering utilizing the electric vehicle technology from Chinese partner Leapmotor for its European mass-market brands to significantly reduce costs amid fierce competition.  
- The potential agreement could mark the first instance of a major Western automaker relying on Chinese technology for its European models, with Stellantis' stock seeing a slight increase following the news.  
- Currently in early negotiation stages, this collaboration aims to enhance Stellantis' competitiveness against local rivals like BYD and Renault while addressing challenges in its electric vehicle strategy and market presence.

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Chinese technology "feeds back" to Europe! Stellantis plans to use Leapmotor electric technology for the first time in European models

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Chinese automakers, including Nio, Xpeng, and Geely, are focusing on overseas expansion and AI to stay competitive in 2023. They aim for significant growth, with Leapmotor targeting one million vehicles by 2026 and Xpeng aiming for 550,000 to 600,000 units. However, the China Association of Automobile Manufacturers projects only a 1% increase in vehicle sales. Companies are investing heavily in AI technologies, with Xpeng planning to mass-produce robots and flying cars. The market is expected to consolidate, favoring leading firms while smaller players struggle.

- Chinese automakers, including Nio and Xpeng, are focusing on overseas expansion and artificial intelligence to achieve ambitious growth targets in 2026.  
- Leapmotor aims for one million vehicles and Xpeng targets sales of 550,000 to 600,000 units, while industry forecasts predict only a modest 1 percent increase in vehicle sales.  
- Competition in the automotive sector is intensifying, with experts noting a concentration of industry leaders and a need for resource investment to maintain market positions.

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Chinese Carmakers Bet on Global Push, AI to Stay Competitive

Stellantis risks being overtaken by its Chinese partner, Leapmotor, following a joint venture that grants Stellantis exclusive rights to build and sell Leapmotor's electric vehicles outside China. Leapmotor's sales are projected to rise significantly, with expectations of reaching 150,000 exports in 2026 and a target of 4 million cars sold by 2030. While Stellantis faces a $27 billion writedown and anticipates a net loss for 2025, Leapmotor is on track for its first annual profit. This divergence highlights the competitive landscape in the EV market, prompting other automakers to reconsider their partnerships with Chinese firms.

Reuters

BREAKINGVIEWS-Stellantis turns Chinese partner to future rival

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HSBC Research expects BYD to launch the "Super e Platform" in early March, enhancing range and efficiency technology standards, which will impact competitive strategies in the second quarter. The bank is focused on milestones in autonomous driving, believing that policy support will facilitate the commercialization of autonomous driving, and expects the pricing environment for passenger vehicles to remain resilient. It recommends BYD, Leapmotor, XPeng, Horizon Robotics, CATL, and Top Group, with investment ratings and target prices as follows: BYD buy at 139 yuan, Leapmotor buy at 66.7 yuan, CATL buy at 594 yuan, Horizon buy at 11 yuan, Top buy at 82 yuan, XPeng buy at 27.7 USD

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HSBC Research: BYD's launch of the "Super e Platform" may raise technical standards, closely monitoring milestones related to autonomous driving

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Hyundai Motor Group is set to announce a multi-billion-dollar investment in South Korea's west coast, focusing on AI for autonomous driving and robotics. Shares of Hyundai and Kia surged by 10.5% and 15%, respectively, following reports of a potential 10 trillion won ($7 billion) investment over five years. This plan includes robotics, an AI data center, and hydrogen infrastructure, part of a broader commitment to invest 125.2 trillion won from 2026 to 2030. The initiative aligns with South Korean President Lee Jae Myung's push for investments outside Seoul.

Penghua SSE STAR New Energy ETF

Ping An CSI New Energy Vehicles Industry ETF

Guotai CSI Hong Kong Connect Automobile Industry Thematic ETF

Hyundai Motor to unveil multi-billion-dollar investment in South Korea, source says

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South Korea's Kospi index has surged over 40% this year, surpassing the 6000 mark for the first time. The index rose 0.6% to 6006.80, driven by gains in semiconductor and auto shares, following a rebound in U.S. equities. Major contributors included Samsung Electronics, SK Hynix, Hyundai Motor, and Kia. This rally was influenced by a significant chip deal between Meta Platforms and AMD, which alleviated concerns about AI's impact on technology firms.

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Samsung Electronics Co., Ltd. Sponsored GDR

Direxion Daily Korea Bull 3x Shares ETF

First Trust Nasdaq Food & Semicon

Invesco Semiconductors ETF

ISHRS MSCI S Korea Capped

Franklin FTSE South Korea

VanEck Semiconductor ETF

South Korea's Kospi Gains Over 40% This Year, Breaks Above 6000

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. ...

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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...

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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.

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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...

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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

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Confident in achieving quarterly breakeven in the fourth quarter

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

HS-LEAP@EC2608A(26176.HK)

Leapmotor Feb deliveries hit by holiday, eyes A10 SUV launch

Dataforce data: Chinese car manufacturers' market share in Europe fell in January

Genesis is launching its first ultra-luxury minivan, but most buyers won’t see it

Hyundai Ioniq 9 impresses as refined, spacious long-distance cruiser in motorway test

Jeep, Ram Parent’s Potential Chinese EV Deal Signals An Extraordinary Auto Industry Role Reversal