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Zhejiang Leapmotor Technology Co., Ltd. Class H ( (HK:9863) ) has provided an announcement.
Zhejiang Leapmotor Technology Co., Ltd. has entered into a carbon dioxide credits transfer agreement with Stellantis subsidiaries, allowing the transfer of credits generated by the sale and registration of Leapmotor’s electric vehicles in Europe and the UK in 2025. This agreement, classified as a connected transaction, highlights Leapmotor’s strategic move to leverage its electric vehicle sales for carbon credits, potentially enhancing its market positioning and operational sustainability in the European and UK markets.
The most recent analyst rating on (HK:9863) stock is a Buy with a HK$44.20 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.
More about Zhejiang Leapmotor Technology Co., Ltd. Class H
Zhejiang Leapmotor Technology Co., Ltd. is a company based in China, primarily engaged in the automotive industry. It focuses on the production and sale of battery electric vehicles (BEVs) and range extended electric vehicles (REEVs), targeting markets in Europe and the UK.
Average Trading Volume: 12,238,064
Technical Sentiment Signal: Buy
Current Market Cap: HK$74.67B
For a thorough assessment of 9863 stock, go to TipRanks’ Stock Analysis page.