<blockquote>
<ul>
<li>零跑汽车第一季度营收达到 108.2 亿元，创历史最佳第一季度纪录，但毛利率大幅下滑。</li>
<li>包括蔚来、小鹏和理想汽车在内的中国竞争对手也将在本月晚些时候公布财报。</li>
</ul>
</blockquote><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051510430796.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051510430796.jpg"/></p><p>（资料图显示一辆零跑 C01。图片来源：CnEVPost）</p><p>零跑汽车（HKEX: 9863）第一季度实现营收增长，主要得益于强劲的汽车交付量。然而，由于产品组合的变化，公司净亏损扩大。</p><p>这家由 Stellantis 支持的中国电动汽车制造商周五报告称，其第一季度营收达到 108.2 亿元（15.9 亿美元），同比增长 8.0%，创下历史最佳第一季度业绩。</p><p>零跑汽车第一季度净亏损扩大至 3.9 亿元，而去年同期净亏损为 1.3 亿元，2025 年第四季度净利润为 3.6 亿元。</p><p>加入我们的 Telegram 或 Google News</p><p>该公司表示，亏损同比增加主要归因于毛利总额下降以及费用增加。</p><p>零跑汽车第一季度毛利率从一年前的 14.9% 降至 9.4%。</p><p>该公司第一季度共交付 110,155 辆汽车，同比增长 25.8%，但较去年第四季度下降 45.21%。</p><p>零跑汽车季度交付量</p><p>2024  2025  2026</p><p>每年第一季度通常是中国汽车行业的传统淡季，而第四季度通常是销售旺季。</p><p>海外市场正成为这家初创企业的关键增长引擎。零跑汽车第一季度出口量达到创纪录的 40,901 辆，占总销量的 37.1%。</p><p>这一销售势头延续至第二季度。零跑汽车在 4 月交付了创纪录的 71,387 辆汽车，其中出口量达到 14,225 辆。</p><p>新上市车型市场需求强劲。零跑 A10 在上市首月的锁定订单超过 40,000 辆，随着加速交付，其日产能现已突破 1,000 辆。</p><p>与此同时，其旗舰 SUV 车型 D19 在上个月上市后的 15 天内获得了超过 15,000 份订单。</p><p>随着零跑汽车公布业绩，投资者还将密切关注其本土竞争对手的最新财务表现和利润率趋势。</p><p>蔚来（NYSE: NIO）计划于 5 月 21 日公布第一季度财务业绩。随后，小鹏（NYSE: XPEV）和理想汽车（NASDAQ: LI）均定于 5 月 28 日发布第一季度财报。</p><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026050807572675-768x432.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026050807572675-768x432.jpg"/></p><p>Stellantis 深化与零跑合作，推出新款欧宝电动车并转移西班牙工厂生产</p><p>Stellantis 和零跑汽车计划在西班牙萨拉戈萨工厂增加一条新生产线，用于生产全新的欧宝电动 SUV 和零跑 B10 车型。</p><p>（1 美元 = 6.7921 元人民币）</p>

零跑汽车

<p>零跑汽车报告第一季度营收为 108.2 亿元人民币，同比增长 8%，创下其最佳第一季度业绩。然而，由于毛利率降至 9.4%，净亏损扩大至 3.9 亿元。汽车交付量同比增长 25.8%，显著的出口贡献了增长。公司预计随着新推出车型的强劲需求，销售势头将持续</p>

<blockquote>
<ul>
<li>Leapmotor's first-quarter revenue reached 10.82 billion yuan, its best first quarter on record, but gross margin dropped significantly.</li>
<li>Chinese rivals including Nio, Xpeng and Li Auto will also report their earnings later this month.</li>
</ul>
</blockquote>
<div class="lb-trans"><blockquote>
<ul>
<li>零跑汽车第一季度营收达到 108.2 亿元，创历史最佳第一季度纪录，但毛利率大幅下滑。</li>
<li>包括蔚来、小鹏和理想汽车在内的中国竞争对手也将在本月晚些时候公布财报。</li>
</ul>
</blockquote></div><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051510430796.jpg" alt="" original-src="https://cnevpost.com/wp-content/uploads/2026/05/2026051510430796.jpg"/></p>
<p>(File photo shows a Leapmotor C01. Image credit: CnEVPost)</p>
<div class="lb-trans"><p>（资料图显示一辆零跑 C01。图片来源：CnEVPost）</p></div><p>Leapmotor (HKEX: 9863) saw revenue growth in the first quarter, mainly driven by strong vehicle deliveries. However, the company's net loss widened due to changes in its product mix.</p>
<div class="lb-trans"><p>零跑汽车（HKEX: 9863）第一季度实现营收增长，主要得益于强劲的汽车交付量。然而，由于产品组合的变化，公司净亏损扩大。</p></div><p>The Stellantis-backed Chinese EV maker reported on Friday that its first-quarter revenue reached 10.82 billion yuan ($1.59 billion), an 8.0% year-on-year increase, marking its best first quarter in history.</p>
<div class="lb-trans"><p>这家由 Stellantis 支持的中国电动汽车制造商周五报告称，其第一季度营收达到 108.2 亿元（15.9 亿美元），同比增长 8.0%，创下历史最佳第一季度业绩。</p></div><p>Leapmotor's net loss for the first quarter widened to 390 million yuan, compared with a net loss of 130 million yuan in the same period last year and a profit of 360 million yuan in the fourth quarter of 2025.</p>
<div class="lb-trans"><p>零跑汽车第一季度净亏损扩大至 3.9 亿元，而去年同期净亏损为 1.3 亿元，2025 年第四季度净利润为 3.6 亿元。</p></div><p>Join us on  Telegram  or  Google News</p>
<div class="lb-trans"><p>加入我们的 Telegram 或 Google News</p></div><p>The year-on-year increase in loss was mainly attributable to the decline in total gross profit and the increase in expenses, the company said.</p>
<div class="lb-trans"><p>该公司表示，亏损同比增加主要归因于毛利总额下降以及费用增加。</p></div><p>Leapmotor's gross margin in the first quarter dropped to 9.4% from 14.9% a year earlier.</p>
<div class="lb-trans"><p>零跑汽车第一季度毛利率从一年前的 14.9% 降至 9.4%。</p></div><p>The company delivered a total of 110,155 vehicles in the first quarter, up 25.8% year-on-year, but down 45.21% from the fourth quarter of last year.</p>
<div class="lb-trans"><p>该公司第一季度共交付 110,155 辆汽车，同比增长 25.8%，但较去年第四季度下降 45.21%。</p></div><p>Leapmotor quarterly deliveries</p>
<div class="lb-trans"><p>零跑汽车季度交付量</p></div><p>2024  2025  2026</p>
<div class="lb-trans"><p>2024  2025  2026</p></div><p>The first quarter of each year is typically a traditional off-season for the Chinese auto industry, while the fourth quarter is usually the peak sales season.</p>
<div class="lb-trans"><p>每年第一季度通常是中国汽车行业的传统淡季，而第四季度通常是销售旺季。</p></div><p>Overseas markets are becoming a key growth engine for the startup. Leapmotor's exports in the first quarter reached a record 40,901 units, accounting for 37.1% of its total sales.</p>
<div class="lb-trans"><p>海外市场正成为这家初创企业的关键增长引擎。零跑汽车第一季度出口量达到创纪录的 40,901 辆，占总销量的 37.1%。</p></div><p>This sales momentum continued into the second quarter. Leapmotor delivered a record 71,387 vehicles in April, of which exports reached 14,225 units.</p>
<div class="lb-trans"><p>这一销售势头延续至第二季度。零跑汽车在 4 月交付了创纪录的 71,387 辆汽车，其中出口量达到 14,225 辆。</p></div><p>Newly launched models have seen strong market demand. Firm orders for the Leapmotor A10 exceeded 40,000 units in its first month of launch, and its daily production capacity has now surpassed 1,000 units as it accelerates deliveries.</p>
<div class="lb-trans"><p>新上市车型市场需求强劲。零跑 A10 在上市首月的锁定订单超过 40,000 辆，随着加速交付，其日产能现已突破 1,000 辆。</p></div><p>Meanwhile, its flagship SUV model D19 garnered over 15,000 orders within 15 days of its launch last month.</p>
<div class="lb-trans"><p>与此同时，其旗舰 SUV 车型 D19 在上个月上市后的 15 天内获得了超过 15,000 份订单。</p></div><p>As Leapmotor posts its results, investors will also closely watch the latest financial performance and margin trends of its local rivals.</p>
<div class="lb-trans"><p>随着零跑汽车公布业绩，投资者还将密切关注其本土竞争对手的最新财务表现和利润率趋势。</p></div><p>Nio Inc (NYSE: NIO) plans to announce its first-quarter financial results on May 21. Subsequently, both Xpeng (NYSE: XPEV) and Li Auto (NASDAQ: LI) are scheduled to release their first-quarter earnings on May 28.</p>
<div class="lb-trans"><p>蔚来（NYSE: NIO）计划于 5 月 21 日公布第一季度财务业绩。随后，小鹏（NYSE: XPEV）和理想汽车（NASDAQ: LI）均定于 5 月 28 日发布第一季度财报。</p></div><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026050807572675-768x432.jpg" alt="" original-src="https://cnevpost.com/wp-content/uploads/2026/05/2026050807572675-768x432.jpg"/></p>
<p>Stellantis deepens Leapmotor tie-up with new Opel EV, Spanish plant transfer</p>
<div class="lb-trans"><p>Stellantis 深化与零跑合作，推出新款欧宝电动车并转移西班牙工厂生产</p></div><p>Stellantis and Leapmotor plan to add a new line at the Zaragoza plant in Spain to produce an all-new Opel electric SUV and Leapmotor's B10 model.</p>
<div class="lb-trans"><p>Stellantis 和零跑汽车计划在西班牙萨拉戈萨工厂增加一条新生产线，用于生产全新的欧宝电动 SUV 和零跑 B10 车型。</p></div><p>($1 = 6.7921 yuan)</p>
<div class="lb-trans"><p>（1 美元 = 6.7921 元人民币）</p></div>

零跑汽车一季度净亏损扩大，尽管销量增长