B[Leopa Motors’ first European mass-produced car rolls off the production line this week. Local production in overseas markets will account for more than 40% in the future] On October 12, the reporter learned that relying on Stellantis’s Spanish factory, Leapmotor’s B10 model will roll off the production line locally this week, marking Leopao’s official entry into the localized manufacturing stage from product exports. It is reported that 9,000 Leapmotor B10s are expected to be produced in 2026, covering sales needs in Spain, France, Italy and other regions. Leapmotor Lafa5 is planned to be introduced into the Zaragoza factory in the first quarter of 2027. "In the future, the proportion of localized production in Leapmotor's overseas markets will exceed 40%." Zhu Jiangming, founder and chairman of Leapmotor, said that with the implementation of the company's localized self-research and manufacturing, this proportion will gradually increase. (Reporter Liu Yang) B[Passenger Alliance Branch: 558,000 new energy passenger vehicles were exported in September, a year-on-year increase of 163.5%] On October 12, data from the Passenger Alliance Branch showed that 558,000 new energy passenger vehicles were exported in September, a year-on-year increase of 163.5%, and a month-on-month increase of 7.7%. Accounting for 60.8% of passenger car exports, an increase of 21 percentage points from the same period last year; among which pure electric vehicles accounted for 60.5% of new energy exports (66.2% in the same period last year), and the A00+A0 class pure electric vehicles as the core focus accounted for 57.9% of pure electric exports (49% in the same period last year). As the scale advantages of China's new energy vehicles emerge and market demand expands, more and more new energy brand products made in China are going abroad, and their recognition overseas continues to increase. Among them, plug-in hybrids in the narrow sense accounted for 34.2% of new energy exports (31.4% in the same period last year), and extended-range plug-in hybrids accounted for 5.3% of new energy exports (2.4% in the same period last year). Although there has been some interference from external countries recently, the number of developing countries that have independent narrow-sense plug-in hybrid exports is growing rapidly and the prospects are bright. The outstanding companies in new energy exports in September were: BYD Auto (175,877 units), Chery Automobile (85,990 units), Geely Automobile (72,893 units), Tesla China (30,529 units), SAIC Passenger Cars ( 29,552 vehicles), Changan Automobile (29,325 vehicles), Leap Motors (27,454 vehicles), SAIC-GM-Wuling (16,543 vehicles), Dongfeng Motor (10,282 vehicles), and Xpeng Motors (10,055 vehicles). B[Leapmotor intends to participate in the A-round financing of China FAW's New Power Group] On September 17, China FAW and Leapmotor held a signing ceremony in Huzhou, Zhejiang on September 17. FAW New Power (Changchun) Technology Co., Ltd. and China Automotive Xinneng Battery Technology Co., Ltd., a subsidiary of China FAW, signed an investment letter of intent and a technical cooperation agreement with Leapmotor respectively. According to the investment letter of intent signed by Qixin Power and Leapmotor, Leapmotor plans to participate in the A-round financing of Qixin Power as a strategic investor to strengthen the in-depth collaboration between the two parties in key powertrain areas. The two parties will further explore and promote strategic synergy and resource sharing in powertrain products and technologies such as hybrid engines, electric drive systems, and range extenders. According to the technical cooperation agreement signed by CATIC New Energy and Leapmotor, the two parties will jointly promote forward-looking battery technology research and the implementation of standardized battery cells. Carry out R&D collaboration around solid-state batteries, lithium-rich manganese-based batteries, sodium-ion batteries, iron-lithium ultra-fast charging and other cutting-edge directions, jointly promote the directional development and product application of standardized battery cells, and on this basis, jointly explore battery recycling and overseas industrial chain collaboration. B[Leapao Zhu Jiangming: The Leapao brand will release 7 products in 2027 and plans to carry out localized layout in South America] September 17th, regarding how to maintain sustained growth in sales, Zhu Jiangming, founder, chairman and CEO of Leapao Technology, revealed today that the company will release 7 Leapao products in 2027 and launch a second brand in the fourth quarter of the same year. In addition, in addition to Europe, overseas markets will also be localized in South America. Data show that Leapmotor delivered 103,129 vehicles globally in August, a year-on-year increase of 80.7%, exceeding 100,000 for two consecutive months, and the annual sales target of one million units was completed at 56.1%. (Reporter Liu Yang) B[Hong Kong’s Hang Seng Index closed up 0.45%, optical communications and semiconductor sectors fell] On September 14th, Hong Kong’s Hang Seng Index closed up 0.45%, and the Hang Seng Technology Index fell 0.06%. Automobile stocks generally rose, with Guangzhou Automobile Group rising by more than 8%, Leapmotor rising by more than 4%, Chery Automobile rising by more than 3%, and Geely Auto rising by nearly 3%. The biopharmaceutical sector rose, with Lepu Biologics rising by more than 6%, WuXi AppTec rising by nearly 5%, and WuXi Biologics rising by more than 4%. Large model concept stocks fell, Zhipu fell by more than 9%, MINIMAX-W fell by more than 6%; optical communications and semiconductor sectors fell, Zhongji InnoLight fell by more than 8%, Cambridge Technology fell by more than 8%, GigaDevice fell by nearly 7%, and Huahong Grace fell by more than 4%. B[Passenger Alliance Branch: BYD exported 184,446 new energy passenger vehicles in August and Tesla China exported 36,119 vehicles] On September 8, the Passenger Alliance Branch released data showing that 518,000 new energy passenger vehicles were exported in August, a year-on-year increase of 154.7% and a month-on-month decrease of 5.0%. Accounting for 58.4% of passenger car exports, an increase of 18 percentage points compared with the same period last year; among which pure electric vehicles accounted for 63.4% of new energy exports (66.0% in the same period last year). The outstanding companies in new energy exports in August were: BYD (184,446 units), Geely Automobile (69,910 units), Chery Automobile (68,431 units), Tesla China (36 , 119 units), Changan Automobile (28,323 units), SAIC Passenger Cars (24,991 units), Leapmotor (18,255 units), SAIC-GM-Wuling (17,376 units).
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