Leapmotor’s (09863) stock price climbed nearly 7% in morning trading, reaching HK$37.70 on a turnover of HK$250 million. The automaker demonstrated remarkable performance in Italy’s battery electric vehicle (BEV) market during the first half of the year, with cumulative registrations totaling 24,269 units—a staggering 1,448.8% year-on-year increase—and capturing a 29.4% market share, firmly securing the top position. Among its lineup, the Leapmotor T03 emerged as the best-selling BEV model locally in H1, while the Leapmotor B10 claimed the segment championship. Additionally, the first sedan in the Leapmotor A series, the A05s, made its official debut. In June alone, Leapmotor delivered 93,376 units, setting a new monthly record and leading the sales rankings among emerging EV brands. Huachuang Securities anticipates sustained sales growth driven by new model launches and deliveries, with overseas operations poised to become a secondary growth engine, fostering synergistic improvements in both volume and profitability.