China’s Leapmotor Down 42% in Hong Kong Trading Debut – ST

Chinese electric vehicle (EV) maker Zhejiang Leapmotor Technology’s stocks plunged by 42% on their Hong Kong trading debut, The Straits Times reported.

Leapmotor’s plummet was Hong Kong’s worst trading debut this year, said the report, and is on track to be the steepest first-day decline ever by a listing larger than $250 million.

Read the full report: The Straits Times

Read more:

China EV Maker Leapmotor to Raise $800m in Hong Kong IPO

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China EV Giants Revved Up For European Sales Drive

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

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