Added to YB: 2026-07-31
Pitch date: 2026-07-28
9863.HK [bullish]
Zhejiang Leapmotor Technology Co., Ltd.
+1.83%
current return
Author Info
No bio for this author
Company Info
Zhejiang Leapmotor Technology Co., Ltd. engages in the research and development, production, and sale of new energy vehicles in Mainland China and internationally.
Market Cap
HKD 51.8B
Pitch Price
HKD 39.42
Price Target
N/A
Dividend
N/A
EV/EBITDA
24.49
P/E
95.83
EV/Sales
0.49
Sector
Automobiles
Category
growth
Leapmotor (HKEX: 9863) — The Cheapest EV Stock Nobody Talks About?
9863.HK: Chinese EV maker, deliveries +60% YoY, first-ever profit (CNY540M 2025), targeting CNY5B this year. Stellantis-anchored (19%), EU production sidesteps tariffs. Founder ex-Dahua, imaging/chip heritage. ~€5.5-6B cap, €2.5B net cash, ~4-5x cash-adj earnings. Fair-PE 21x implies ~58% annual return over 3yrs. Thesis rests on margin expansion (net near-zero). Risks: thin margins, EV price war, EU tariffs, China-listing discount, Dahua sanctions.
Read full article (10 min)