China's Leapmotor jumps most in six months as EV maker swings to annual profit

Zhejiang Leapmotor Technology Co

17/03/2026 02:36

** Shares of Chinese EV maker Zhejiang Leapmotor Technology 9863.HK jump 6.7% to HK$47.54, their highest point since January 14

** Stock on course for an eighth consecutive session of gains, if current momemntum holds

** Stock marks its biggest intraday pct gain since September 25

** Zhejiang Leapmotor is top pct gainer in the Hang Seng TECH Index .HSTECH and the Hang Seng Auto Driving Theme Index .HSAMI, which are up 2.3% and 2.4%, respectively

** Leapmotor says it turned to a net profit of 0.54 billion yuan ($78.31 million) in 2025 from a 2.82 billion yuan loss a year before

** The Chinese automaker also said it expected mass production of its vehicles from Spain from October, with some projects with Stellantis STLAM.MI being in "advanced negotiation stages"

** YTD, stock down 2.8%, while benchmark Hang Seng Index .HSI up 2.3%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))