LEAPMOTOR(HK:09863) Zhi Tong Cai Jing·2025-10-31 10:41Core Insights - Leap Motor officially launched its flagship D platform and the D19 SUV, marking its entry into the high-end market priced at 300,000 CNY [1] - The D19 features groundbreaking technology and pricing strategies, initiating a new wave of "technological equality" in the electric vehicle market [1] - The vehicle is equipped with multiple industry-first technologies, including an 80.3 kWh battery for over 500 km range and a 115 kWh battery for over 700 km range [1][2] Product Features - The D19 is a six-seat luxury family SUV with a length of 5.25 meters and a wheelbase exceeding 3.1 meters, emphasizing spaciousness [2] - It incorporates advanced intelligent features, including a dual Qualcomm SA8797 chip with 1280 TOPS computing power and a 14.6-inch 2K display [2] - The vehicle's pricing is significantly lower than competitors, with a pre-sale range of 250,000 to 300,000 CNY, making it a "cost-performance king" [2] Market Impact - The launch of the D19 has boosted investor confidence, with significant stock purchases by company founders, leading to a 6.19% increase in stock price [3] - Citic Lyon maintains a "outperform" rating for Leap Motor, with a target price of 80 HKD, suggesting that the D19 could enhance the company's brand value and profitability recognition [3] - Leap Motor has delivered nearly 400,000 vehicles in the first three quarters of 2025, maintaining its position as a leader among new energy vehicle manufacturers [3]