In the first quarter, Leapmotor's revenue was 10.02 billion yuan, a year-on-year increase of 187.1%, with a gross profit margin reaching a record high
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LEAPMOTOR released its Q1 2025 performance, with revenue of 10.02 billion yuan, a year-on-year increase of 187.1%. The main reasons are a sales growth of 162.1% and product mix optimization. The gross margin reached a historic high of 14.9%. As of March 31, 2025, the company's cash and cash equivalents amounted to 25.7 billion yuan. The delivery volume for Q1 2025 was 87,552 units, with the C series accounting for 77.5%. The company has the fastest sales growth among new force brands, with cumulative deliveries exceeding 700,000 units
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