建银国际：上调零跑汽车目标价至46.1港元

Group 1 - The core viewpoint of the report indicates that Leap Motor's operational performance improved in the third quarter, with a year-on-year sales increase of 95% to 86,000 units and a revenue growth of 74% to 9.86 billion yuan [1] - The growth is attributed to the support of the old car replacement subsidy policy and the company's continuous launch of new models to meet consumer demand, with expected monthly sales to remain between 25,000 to 40,000 units [1] Group 2 - The firm maintains a "Outperform" rating for Leap Motor and raises the target price from 30.1 HKD to 46.1 HKD [2]