Leapmotor Earnings
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Leapmotor expects profitable year with nearly 600,000 units sold in 2025
Leapmotor is on track to achieve annual profitability in 2025 with full-year sales approaching 600,000 units, its CEO said while celebrating its 10th anniversary.
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Leapmotor posts another profitable quarter as sales surge
Leapmotor recorded a net income of RMB 150 million ($21.1 million) in the third quarter, marking its second consecutive profitable quarter.
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Leapmotor turns profitable in H1, raises 2025 sales target
Leapmotor has become the second Chinese NEV maker to achieve profitability on a half-year basis. It has raised its 2025 sales target to 580,000–650,000 units.
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Leapmotor posts lower year-on-year net loss, record gross margin
Leapmotor reported a net loss of RMB 130 million for the first quarter, a year-on-year decrease of 87.17 percent.
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Leapmotor sees 1st positive quarterly bottom line as deliveries strong and gross margin improves
Leapmotor achieved net income of RMB 80.9 million ($11.1 million) in the fourth quarter of 2024, its first positive quarterly bottom line since its 2015 inception.
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Leapmotor sees strong revenue growth, record gross margin in Q3
Leapmotor said it expects to exceed its full-year sales target of 250,000 units this year, with gross margin lifting further and net losses narrowing in the fourth quarter.
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Leapmotor sees Q2 gross margin turn positive, prioritizes volume
Despite improved gross margin, Leapmotor's losses continued to widen in the second quarter as it saw record quarterly R&D investments.
