Chinese regulators approve Leapmotor's IPO plans

Leapmotor was approved by the China Safety Regulatory Commission (CSRC) to issue shares in Hong Kong on August 19, after July's electric vehicle (EV) shipments grew 177% year-on-year. . China-based Leapmotor delivered 12,044 EVs in July 2022, marking the third consecutive month of record sales. In his first seven months of 2022, the automaker shipped a total of 64,038 vehicles. Chinese EV startups XPeng and Li Auto shipped 80,507 and 70,825 units respectively in the first seven months of 2022. Leapmotor is an EV startup founded in China in 2015 by Dahua Technology co-founder Zhu Jiang-ming. Table 1. Leapmotor EV…