Leapmotor applies for initial public offer in Hong Kong, joining Xpeng, Li Auto and NIO as electric car makers call the city their fundraising home

• Leapmotor may seek to raise more than US$1 billion, according to market sources familiar with the plan
• Leapmotor, with a production base in eastern China’s Zhejiang province, is poised to join Xpeng, Li Auto and NIO on the Hong Kong stock exchange