Leapmotor Chairman and Chief Executive Officer Zhu Jiangming has increased his stake in the Chinese electric vehicle manufacturer once again, joining shareholder Fu Liquan in purchasing additional company shares as management seeks to reinforce investor confidence amid a prolonged decline in the stock price.
According to a filing with the Hong Kong Stock Exchange, Zhu and Fu recently acquired a combined 4.81 million H shares through open-market transactions at an average price of approximately HK$35.86 per share.
Insider Buying Continues
The latest purchases were valued at approximately HK$173 million and were made based on management’s confidence in Leapmotor’s future development, the company said.
Including the newest acquisition, Zhu and Fu have invested around HK$900 million in Leapmotor shares over the past six months.
Following the transaction, the company’s largest shareholder group, led by Zhu, now owns 227.6 million H shares and 128.5 million domestic shares, representing 25.05% of Leapmotor’s total issued share capital, compared with 24.71% a month earlier.
The purchase follows another significant investment in early June, when the two executives spent approximately HK$490 million acquiring 11.62 million H shares.
Since 2024, cumulative share purchases by Leapmotor’s leadership have approached HK$2 billion, reflecting continued efforts by management to demonstrate confidence in the company’s long-term prospects.
Shares Under Pressure Despite Strong Sales
Leapmotor’s shares have remained under pressure in recent months, falling to their lowest level since February 2025 before recovering modestly following the latest disclosure.
Despite the weaker stock market performance, the company’s vehicle deliveries continue to grow rapidly.
Leapmotor delivered 93,376 vehicles globally in June, an increase of 94.51% from a year earlier and a new monthly delivery record.
During the first half of 2026, total deliveries reached 356,487 vehicles, up 60.82% year over year. Second-quarter deliveries rose 83.68% to 246,332 units.
Product Expansion Supports Growth Target
Leapmotor has set an ambitious target of delivering one million vehicles during 2026 and continues expanding its product lineup to support that objective.
In June, the company introduced updated versions of its C10, C11, and C16 sport utility vehicles, with entry prices starting from 125,800 yuan (approximately US$18,550).
The automaker also entered the premium multi-purpose vehicle segment with the launch of the D99, its first flagship MPV.
International expansion is becoming an increasingly important part of Leapmotor’s growth strategy. The company’s Lafa 5 electric hatchback has already entered the Hong Kong market and is scheduled for rollout across 28 countries and regions, further strengthening its overseas presence.
Backed by Stellantis, Leapmotor continues to pursue rapid domestic and international expansion while management maintains significant personal investment in the company through ongoing share purchases.
