Leapmotor founder, chairman, and CEO Zhu Jiangming, along with key shareholder Fu Liquan, has purchased an additional HK$490 million (approximately $62.5 million) worth of company shares at an average price of HK$41.99 per share. The purchase, disclosed in a Hong Kong Stock Exchange filing on June 4, 2026, marks the sixth time in two years that Leapmotor’s management has increased its stake.
The cumulative insider buying by the single largest shareholder group now approaches HK$1.7 billion ($217 million), an extraordinary display of confidence from a founding team whose own money is on the line. The latest purchase comes as Leapmotor’s stock price has fallen 29% since mid-April, making the timing particularly significant.
Operational Strength vs. Stock Weakness
The disconnect between Leapmotor’s operational performance and its stock price is striking. In May 2026, Leapmotor delivered 81,569 vehicles — its first month above 80,000 units — representing 81% year-on-year growth. The company’s C-series platform has amassed over 800,000 cumulative sales, and the Stellantis joint venture has begun local C10 assembly in Malaysia, opening Southeast Asian markets.
Yet the stock market has punished Leapmotor along with most Chinese EV names, as intensifying price competition and broader macro uncertainty have compressed valuations across the sector. The management’s willingness to deploy significant personal capital at these levels suggests they believe the market is materially undervaluing the company’s growth trajectory and competitive position.
Product Pipeline and Global Expansion
Leapmotor has outlined an aggressive product roadmap to sustain its momentum. The C-series lineup is scheduled for a comprehensive refresh, while the right-hand-drive Lafa5 will debut at the 2026 Hong Kong Auto Expo — a model designed to open Commonwealth markets including the UK, Australia, and Southeast Asia.
The Stellantis partnership continues to bear fruit, with the C10 SUV now being assembled at Stellantis’s Gurun plant in Malaysia for regional distribution. The joint venture structure gives Leapmotor access to Stellantis’s existing dealer networks and supplier relationships across 100+ markets, a distribution advantage that would be extremely costly to build independently. The management share purchases signal that this global strategy, not just domestic volumes, underpins their long-term confidence.
