Zhu Jiangming, founder and chief executive of Leapmotor, has increased his stake in the company through a new share purchase, according to a filing with the Hong Kong stock exchange, as management continues to raise its holdings.
Zhu and his concert party, Fu Liquan, acquired a combined 5,080,200 H shares on the open market at an average price of HK$45.10 ($5.75) per share, the filing showed. The transaction totaled about HK$230 million and marks the fifth instance of stake increases by the company’s leadership over the past two years.
Following the latest purchase, the shareholder group led by Zhu holds a combined 23.89% stake in Leapmotor, including approximately 211 million H shares and about 129 million domestic shares.
Since announcing a stake increase plan in August 2024, the group has accumulated nearly HK$1.2 billion worth of shares across multiple transactions. Previous purchases included a HK$100 million acquisition in December and additional investments of HK$205 million in October and HK$316 million in April, according to filings.
The continued share purchases come as Leapmotor seeks to sustain sales growth and expand its market presence. The automaker, backed by Stellantis NV, reported deliveries of 50,029 vehicles in March, representing an increase of 34.87% year-on-year and 78.25% from February, based on company data.
Leapmotor said it achieved its first full-year profitability in 2025, supported by revenue growth and improved margins.
The company has also outlined plans to expand its product lineup. It said during a recent earnings call that it intends to launch four new models in 2026 as part of efforts to reach a target of one million annual vehicle deliveries.
Zhu has previously commented on market conditions in China’s electric vehicle sector, cautioning against sustained price competition. “Carmakers must never sell cars at a loss; we have to keep a gross margin — that’s something we’ve always insisted on,” he said in an interview with People’s Daily.
The company has also outlined longer-term growth ambitions. At its 10th anniversary event last December, Zhu said Leapmotor aims to reach annual sales of four million vehicles over the next decade and to “become a respected world-class smart electric vehicle manufacturer.”
