JP-LEAP@EC2607A

ZiRun Auto COO Xu Junbo Outlines Future Goals in Internal Letter

Leapmotor Delivered 32,059 Units in January, Up 27% YoY, Adding 85 New Stores

Zero Run Auto Indirectly Wholly Owns the Establishment of Jinhua Lingai Electronics Co., Ltd.

Leapmotor's Sales Service Company Increases Registered Capital to 850 Million Yuan

FAW Signs Strategic Cooperation Agreement with ZeroRun Automobile

Leapmotor Unveils A10 SUV at Brussels Auto Show

Leapmotor's New D19 SUV Planned For April 2026 Launch

Leapmotor Applies for Approval of A10 Compact Electric SUV

Zhejiang Lixiang Auto Sales Service Co., Ltd. Capital Increase to 850 Million RMB

Zhejiang LITORE Technology Fully-owned Subsidiary Hangzhou Lingqi Auto Sales Service Co., Ltd. Established

Leapmotor's Sales Continue to Grow, Leading the New Energy Vehicle Race

Intramco Europe B.V. reaches cooperation with ZeroRun Auto

Leapmotor's Lafa5 sells 17,042 units in 35 days after launch

Zhejiang Lixiang Introduces State-Owned Enterprise for About 430 Million USD in Funding

Leapmotor issued 59.964 million shares to Jinyi High-tech

Leapmotor Unveils First Look at New MPV Model Leapmotor D99

Huatai Securities and Piper Sandler Maintain Buy Rating on ZeroRun Technology H Shares

Leapmotor Delivered 596,555 Vehicles in 2025 with 103.1% YoY Growth

Qualcomm and ZeroRun Auto Collaborate on the World's First Dual Snapdragon Platform Integrated Automotive Solution

Leapmotor's B Series Achieves a Cumulative Sales Milestone of 160,000 Units

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SHANGHAI QINGPU

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Hong Kong automotive stocks experienced a notable surge during intraday trading. According to Jin10, Xiaomi Groupsaw an increase of over 5%, while BYD Companyrose by more than 4%. Other automakers, including Li Auto, NIO, Geely Automobile, XPeng Motors, and Leapmotor, each recorded gains of 3%. This upward trend reflects a broader market rally within the sector.

CoinLive

LEAPMOTOR

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

Hwabao WP CSI Intelligent Electric Vehicle ETF

Global X Autonomous & Electric V

GEELY AUTO

First Trust S-Network Future Vehicles & Tech ETF

Geely Auto

BYD Company Limited

LI AUTO-W

Xiaomi Corporation

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XPeng

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NIO Inc. USD OV

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Li Auto

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Hong Kong Auto Stocks Surge Amid Market Rally

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A Kia EV2 prototype excelled in a subzero range test in Norway, losing only 24.8% of its claimed range. The test, conducted in extreme cold, showed the EV2 covering 193 miles while temperatures ranged from 17.6°F to 23.8°F. Kia's prototype, equipped with a long-range battery, performed better than all other participating vehicles, including the Hyundai Inster and Kia EV4. Charging performance was also impressive, with the EV2 charging from 8% to 80% in under 37 minutes. The EV2 is set to enter production in Slovakia in July.

InsideEVs

Penghua SSE STAR New Energy ETF

HFT CSI Auto Components Thematic ETF

E Fund CSI Auto Components Thematic ETF

Hua Xia CSI New Energy Vehicles ETF

ZHENGTONGAUTO

SmartETFs Smart Transportation & Tech ETF

ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

ChinaAMC CSI Auto Components Thematic ETF

Guotai CSI 800 Automobile and Parts ETF

Ping An CSI Auto Components Thematic ETF

Freezing Temps Crush Range. But Kia's Newest EV Dominated This Test

KLXY

Genesis, Hyundai's premium brand, is developing a bespoke vehicle platform for its future electric and hybrid models, set to debut in 2027. This move aims to enhance Genesis's identity as an independent luxury brand, differentiating it from Hyundai and Kia. The platform will allow for unique design and tuning, addressing challenges in justifying price differences with cheaper models. While details on drivetrain components remain unclear, the platform is expected to support a distinct driving experience aligned with Genesis's premium positioning. The announcement comes as Genesis seeks to strengthen its market presence, particularly in Asia and North America.

electrive

Kraneshares Global Luxury Index ETF

Tema Luxury ETF

Genesis plans bespoke vehicle platform as early as 2027

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The Lyon Research Report points out that the recent rise in commodity prices will increase cost pressure on automakers, with an expected average cost increase of about 3,000 yuan per vehicle. BYD and Leapmotor are better positioned to cope with this pressure due to their higher degree of vertical integration. Meanwhile, Geely is expected to become a dominant brand in the electric vehicle sector. The Chinese automotive industry is entering a consolidation phase, with market share concentrating among first-tier automakers

AASTOCKS

In "The Big Banks," Citigroup: Rising costs further squeeze automaker profits, BYD and Leapmotor can better absorb the pressure

J.P. Morgan analyst Nick Lai has maintained a Buy rating on Zhejiang Leapmotor Technology Co., Ltd. Class H (9863), setting a price target of HK$56.00. Despite Lai's average return of -2.0% and a 39.62% success rate, the stock has a Strong Buy consensus among analysts, with a higher price target consensus of HK$75.09.

Tip Ranks

J.P. Morgan Remains a Buy on Zhejiang Leapmotor Technology Co., Ltd. Class H (9863)

Hyundai is pausing production of the Kona EV for the 2026 model year but assures that the electric SUV will return. The company will continue to offer 2025 models until production resumes in June for the 2027 model year. A spokesperson confirmed that there is sufficient stock of the 2025 Kona Electric to meet current consumer demand.

Electrek

Hyundai is pausing production of this electric SUV, but promises the EV will return

Hyundai's premium brand Genesis is expanding into Italy, marking its fourth European market after Germany, the UK, and Switzerland. The brand will introduce three BEV models: Genesis GV60, Electrified GV70, and Electrified G80, available through a curated retail model. The first dealerships will open in Rome and Padua this spring, with plans for further expansion into France, Spain, and the Netherlands. Managing Director Peter Kronschnabl emphasized the brand's commitment to long-term growth in Europe, highlighting Italy's strong design tradition and customer expectations.

Genesis expands into Italy as its fourth European market

Hyundai and Kia have started 2026 strongly, posting record-breaking January sales in the US. Hyundai sold over 55,600 vehicles, a 2% increase from last year, while Kia sold 64,502 vehicles, up 13%. The automakers attribute their success to the rising demand for electrified vehicles, particularly hybrid SUVs, which saw a demand increase of over 60%.

Hyundai and Kia kick off 2026 with a bang

Hyundai Motor America achieved its best January sales ever in 2026, with total sales rising by 2%. This growth was driven by a remarkable 60% increase in hybrid sales. The new Palisade model saw a 29% sales increase, while the Santa Fe HEV experienced a 43% jump in sales. The announcement was made on February 3, 2026, from Fountain Valley, California.

Unusual Whales

Max Auto Industry 3X Leveraged ETN

Hyundai Motor America records best January sales ever in 2026, with total sales up 2%; hybrid sales spike 60%. New Palisade up 29%, Santa Fe HEV up 43%.

Hyundai Motor America reported record sales for January 2026, achieving 55,624 units, a 2% increase from January 2025. Year-to-date sales also reflect a 2% growth. The surge in hybrid vehicle demand, with over 60% year-over-year growth, is attributed to strong interest in Hyundai's electrified lineup. The company is investing $26 billion in U.S. manufacturing and R&D facilities from 2025 to 2028, including its Alabama assembly plant and the Hyundai Motor Group Metaplant America.

- Hyundai Motor America achieved record-breaking sales in January 2026, with total sales of 55,624 units, a 2% increase from January 2025.  
- The growth was driven by a surge in hybrid vehicle sales, which rose over 60% year-over-year, attributed to the strong demand for its electrified vehicle lineup.  
- The company is committed to ongoing investments in U.S. manufacturing as part of a $26 billion investment plan from 2025 to 2028.

Reuters

Hyundai Reports Record January Sales with 2% Year-Over-Year Increase

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On Monday (February 2), at the end of the U.S. stock market, the Bloomberg Electric Vehicle Price Return Index fell by 2.80%, closing at 3450.29 points. The index was in a downward trend throughout the day, with component stocks such as Anaconda Mining falling by 9.5%, XPeng H shares closing down by 6.77%, Lucid Group down by 6.7%, Zhejiang Leapmotor Technology H shares closing down by 5.28%, Pony.ai ADR down over 4.5%, and NIO Group H shares closing down by 4.51%. BMW European stocks rose by 0.66%, STMicroelectronics rose by 1.11%, Sona Blw Precision Forgings Ltd. rose by 1.99%, and Nidec Corporation rose by 3.31%

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E Fund CSI Intelligent Electric Vehicle ETF

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0202 | Dolphin Research Focus: 🐬 Macro/Industry 1) International precious metals have sold off sharply since the weekend, with gold and silver down materially on a hawkish Fed chair nominee, a stronger USD and higher UST yields, concentrated profit-taking, and deleveraging by levered funds. The violent swings highlight fragile risk sentiment; near term, the market likely chops in a consolidation range with elevated vol risk.2) EV startups posted their first Jan delivery prints with wide divergence in YoY growth, and Leapmotor led the pack with 32,059 units. ...

Gold and silver slump, cooling the market; BABA's Qwen adds RMB 3 bn for Lunar New Year | Daily News Recap

The Hang Seng TECH Index's decline has widened to 2.2%, XPeng has dropped over 9%, Nio has fallen over 6%, and Leapmotor and BYD COMPANY have both decreased by over 5%

Dacheng Hang Seng Technology ETF(QDII)

China Universal Hang Seng Technology ETF(QDII)

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Tianhong Hang Seng TECH ETF(QDII)

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Hang Seng TECH Index

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Leapmotor announced that in January 2026, the total delivery volume reached 32,059 vehicles, a year-on-year growth of 27%

In January, LEAPMOTOR's total delivery volume increased by 27% year-on-year

Today’s Key News Recap

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Tencent HK SDR 10to1

Tencent

Tencent Holdings Limited

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POP MART HK SDR 20to1

CHINA MOBILE

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CN Mobile HK SDR 5to1

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BYD HK SDR 10to1

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Allianzim US Large Cap Buffer10 Mar ETF

1229 | Dolphin Research Focus: 🐬 Macro/Industry 1) On Dec 27, MIIT established the 'Humanoid Robotics and Embodied Intelligence Standardization Technical Committee' in Beijing. The committee is chaired by the ministry's Chief Engineer, with the secretariat housed at the Beijing Electronics Society.Corporate members account for 50%+, including leaders such as Xiaomi and Huawei. Its mandate is to set standards across foundational technologies, key components, and safety, prioritizing urgent areas like multimodal perception and system-level safety, while aligning with Intl norms.This is a key milestone for industry standardization. Unified standards can lower component compatibility costs...

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Xiaomi HK SDR 2to1

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National Standards Committee for Humanoid Robots Formed; Huawei and Xiaomi Join; FAW invests RMB 3.7bn in Leapmotor | Daily News Recap

$Ford Motor(F.US) announced it is taking a massive $19.5B write down of its EV assets, in a strategic shift away from pure EVs and toward extended range hybrids. The write down was the latest admission that Ford can’t make money by simply launching EV brand extensions of its highly profitable gas powered vehicles.

ZEEKR Intelligent Tech

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1209 | Dolphin Research Focus: 🐬 Macro/Industry 1) Hong Kong Exchanges and Clearing Ltd. (HKEX) announced the HKEX Tech 100 Index, tracking the 100 largest Southbound Stock Connect-eligible tech names across six themes, including AI, biotech, and autonomous driving. The index fills a gap for a broad-based vehicle covering diversified China tech in HK and could attract more southbound flows.🐬 Single Stock 1) $NVIDIA(NVDA.US). Trump posted on Truth Social...

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Mirae Asset Global Investments Co., Ltd.

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Hong Kong Exchanges and Clearing (HKEX)

GraniteShares 2x Long NVDA Daily ETF

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YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Morgan Stanley

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

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MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

HKEX debuts flagship Tech Index; NVDA H200 cleared for China exports | Daily News Recap

JP-LEAP@EC2607A(18649.HK)

Hong Kong Auto Stocks Surge Amid Market Rally

Freezing Temps Crush Range. But Kia's Newest EV Dominated This Test

Genesis plans bespoke vehicle platform as early as 2027

In "The Big Banks," Citigroup: Rising costs further squeeze automaker profits, BYD and Leapmotor can better absorb the pressure

J.P. Morgan Remains a Buy on Zhejiang Leapmotor Technology Co., Ltd. Class H (9863)