On August 6, LEAPMOTOR declined 3.26% in regular trading, trading at HK$39.16/share, with turnover of HK$97.18 million.

On the news front, Bank of America Securities recently cut its target price on LEAPMOTOR from HK$65 to HK$60, a reduction of approximately 8%, while maintaining its buy rating. The downgrade signal weighed on short-term market sentiment. Notably, Bank of America lowered target prices on a majority of the 12 auto stocks in its coverage universe, reflecting institutional caution over near-term industry volume pressure. The firm noted that Q2 EV sales growth was generally weaker than expected, though overseas expansion remained a bright spot.

The broader Automobile Manufacturers sector traded lower on the same session. Among sector peers, BYD COMPANY fell 2.45%, NIO-SW fell 3.10%, LI AUTO-W fell 2.82%, GEELY AUTO fell 2.37%, and XPENG-W fell 1.95%, indicating broad-based sector drag.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)