On July 17, Leapmotor fell 3.06% in regular trading to HK$36.1 per share, with turnover of HK$56.52 million.

On the news front, following the launch of its refreshed B01/B10 models the previous evening, Leapmotor executives acknowledged that the company outperformed the broader market, competitors, and its own prior results in H1, but underperformed its internal sales targets. H1 cumulative deliveries reached 356,487 units, representing only 35.6% of the full-year one-million-unit target, implying the company must average over 107,000 monthly deliveries in H2 to meet its goal. Compounding concerns, Q1 gross margin dropped sharply from 14.9% year-over-year to 9.4%, with a net loss of RMB 390 million, fueling persistent worries over a volume-growth-without-profit trajectory.

The broader Automobile Manufacturers sector declined in tandem, with XPENG down 5.84%, Geely Auto down 4.74%, BYD down 2.58%, Li Auto down 2.54%, and Great Wall Motor down 0.34%.

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