Leapmotor Signs 2026 Components Deal and Brand Services Pact with Connected Parties

Zhejiang Leapmotor Technology Co., Ltd. Class H ( (HK:9863) ) has shared an announcement.

Zhejiang Leapmotor Technology has signed a 2026 Components Procurement Framework Agreement with connected party Hirige Technology, under which it will continue to source various camera and radar assemblies on a subscription basis throughout 2026, with pricing set via fixed unit prices determined on an arm’s-length basis and benchmarked against quotations from at least two independent suppliers. Separately, its wholly owned subsidiary ZLPSS has entered into a Brand Development & Market Insights Service Agreement with LPMIB, a subsidiary of another connected entity, to support the internationalisation of the Leapmotor brand; both transactions are classified as connected transactions under Hong Kong listing rules, triggering reporting, announcement and annual review requirements but remaining exempt from independent shareholder approval due to their relatively small size, signalling ongoing efforts to secure critical components and build brand strength overseas while maintaining regulatory compliance.

The most recent analyst rating on (HK:9863) stock is a Hold with a HK$53.00 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 Chinese new energy vehicle and intelligent automotive technology company listed in Hong Kong, focusing on the design and manufacture of smart electric vehicles and related automotive components and systems for both domestic and international markets.

Average Trading Volume: 7,584,305

Technical Sentiment Signal: Sell

Current Market Cap: HK$71.01B

Learn more about 9863 stock on TipRanks’ Stock Analysis page.