LEAPMOTOR (09863) saw its share price jump nearly 6% in afternoon trading on the Hong Kong Stock Exchange. As of the time of writing, the stock was trading 5.78% higher at HK$37.34, with transaction volume reaching HK$197 million.

On the corporate front, the electric vehicle maker reported August sales of 103,129 units, marking an impressive 80.7% year-on-year increase and a 1.8% month-on-month uptick. This performance represents the second consecutive month that monthly deliveries have surpassed the 100,000-unit threshold, setting yet another historic record for the company.

Analysts at Changjiang Securities noted that the launch of the A05 model on August 11 has the potential to accelerate near-term sales momentum. Looking ahead, the brokerage firm believes that with a sustained period of strong product launches, coupled with expanding overseas distribution and a broadening domestic vehicle lineup, the company is well-positioned to experience rapid growth in both sales volume and revenue, which should consequently drive continued improvement in profitability.

Meanwhile, China Securities highlighted that management has proactively revised its overseas sales guidance upward. The company now aims to steadily achieve 150,000 overseas sales units by 2026, with a challenge target of 200,000 units. For 2027, the overseas sales objective has been set between 350,000 and 400,000 units. The firm emphasized that while international sales are growing at a rapid clip, the domestic foundation remains stable. Additionally, the premium D-series products have delivered robust sales performance, and the company's second brand is building momentum for its upcoming launch. China Securities holds a favorable view on the company's strong product cycle and its methodical execution of the overseas expansion strategy, expecting continued enhancements to both sales figures and profitability in the foreseeable future.