REUTERS/StringerHONG KONG, Sept 27 (Reuters Breakingviews) - Leapmotor is cruising in gloomy markets.
The Chinese electric-vehicle maker priced shares of its initial public offering, the largest in Hong Kong this year, at the bottom end of a previously indicated range, per IFR.
Chinese consumers are increasingly gravitating towards more affordable local brands too, according to a Bernstein survey released this month.
Leapmotor’s sales in the first quarter fell a little short of the pace it needs to hit but its still within reach.
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