Chinese regulator approves Leapmotor’s IPO plan

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Following a 177% on-year growth in electric vehicle (EV) delivery in July, Leapmotor was granted approval by the China Security Regulatory Commission (CSRC) on August 19 to issue shares in Hong Kong. The China-based Leapmotor delivered 12,044 EVs in July 2022 to reach a record high for the third month in a row. For the first seven months of 2022, the carmaker delivered 64,038 units in total. Chinese EV startups XPeng and Li Auto delivered 80,507 and 70,825 units respectively in the first seven months of 2022. Leapmotor is an EV startup established in China in 2015 by Dahua Technology…

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