Leapmotor CEO: Expected to turn a profit this year, sales target for next year is 1 million vehicles

Zhu Jiangming, founder, chairman, and CEO of Leapmotor (09863.HK), issued an open letter stating that the company has celebrated its tenth anniversary this year, achieving the goals set five years ago, with annual sales nearing 600,000 vehicles and the expectation of turning a profit.

He emphasized that in the future, the company will accelerate its globalization efforts, having expanded into 35 overseas markets this year, with the number of overseas stores exceeding 800. Annual overseas deliveries are expected to surpass 60,000 vehicles, with a target of reaching 1 million vehicles in total sales next year. The company will continue to strengthen technological innovation, ensure product delivery quality and timeliness, rapidly expand its overseas presence, and maintain an efficient and agile internal organization, believing that the company must have a stronger cost awareness and not waste any investment