Leapmotor delivered outstanding performance in its Q3 2024 financial report, with average vehicle price rising to 114,000 yuan and gross margin reaching 8.2%, while operating losses narrowed significantly.
The strong sales of C-series models, especially the high-margin C16, coupled with cost optimization, drove the increase in vehicle prices and profit margins.
Leapmotor insists on full-stack in-house R&D and vertical supply chain integration, effectively controlling manufacturing costs.
In the future, Leapmotor plans to launch 7 new models and accelerate its globalization strategy, with overseas sales expected to reach 6,000-10,000 units in 2024 and increase to 60,000-100,000 units in 2025. Leapmotor demonstrates strong growth potential and unique advantages in the new energy vehicle market.
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