Leapmotor was listed in Hong Kong on September 29, but fell 33.54 percent in its debut and 22.26 percent the next day.

Leapmotor delivered 11,039 vehicles in September, up 169.57 percent from 4,095 a year earlier but down 11.86 percent from 12,525 in August, data released today showed.

The company did not release breakdown figures for individual models, which include the mini car T03, coupe model S01, flagship SUV model C11, and flagship sedan C01.

The C01 was officially launched on September 28 with a subsidized price range of RMB 193,800 ($27,230) - RMB 286,800 and deliveries will begin in October.

In the third quarter, Leapmotor delivered 35,608 vehicles, up 17.07 percent from 30,415 vehicles in the second quarter.

From January to September, the company delivered 87,602 vehicles, up 236.52 percent from 26,032 vehicles in the same period last year.

Leapmotor went public in Hong Kong on September 29, becoming the fourth Chinese electric vehicle startup to go public, following Nio, Xpeng Motors and Li Auto.

The company's IPO offering was priced at HK$48 per share, raising HK$6.06 billion.

However, the stock has been sold off heavily since it began trading, falling 33.54 percent on the first day and 22.26 percent on the second day to the latest closing price of HK$24.80.

Leapmotor plans to launch 1-3 new models per year and a total of seven new all-electric vehicles by the end of 2025, according to its latest prospectus.

On May 10, the Leapmotor C01 became available for pre-order, and the company announced on September 21 that it had received more than 100,000 reservations for the C01. But it is worth noting that consumers do not need to pay any deposit to reserve the model.

Leapmotor becomes 4th listed Chinese EV startup, but shares plunge in debut