<blockquote>
<ul>
<li>零跑汽車第一季度營收達到 108.2 億元，創歷史最佳第一季度紀錄，但毛利率大幅下滑。</li>
<li>包括蔚來、小鵬和理想汽車在內的中國競爭對手也將在本月晚些時候公佈財報。</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>（資料圖顯示一輛零跑 C01。圖片來源：CnEVPost）</p><p>零跑汽車（HKEX: 9863）第一季度實現營收增長，主要得益於強勁的汽車交付量。然而，由於產品組合的變化，公司淨虧損擴大。</p><p>這家由 Stellantis 支持的中國電動汽車製造商週五報告稱，其第一季度營收達到 108.2 億元（15.9 億美元），同比增長 8.0%，創下歷史最佳第一季度業績。</p><p>零跑汽車第一季度淨虧損擴大至 3.9 億元，而去年同期淨虧損為 1.3 億元，2025 年第四季度淨利潤為 3.6 億元。</p><p>加入我們的 Telegram 或 Google News</p><p>該公司表示，虧損同比增加主要歸因於毛利總額下降以及費用增加。</p><p>零跑汽車第一季度毛利率從一年前的 14.9% 降至 9.4%。</p><p>該公司第一季度共交付 110,155 輛汽車，同比增長 25.8%，但較去年第四季度下降 45.21%。</p><p>零跑汽車季度交付量</p><p>2024  2025  2026</p><p>每年第一季度通常是中國汽車行業的傳統淡季，而第四季度通常是銷售旺季。</p><p>海外市場正成為這家初創企業的關鍵增長引擎。零跑汽車第一季度出口量達到創紀錄的 40,901 輛，佔總銷量的 37.1%。</p><p>這一銷售勢頭延續至第二季度。零跑汽車在 4 月交付了創紀錄的 71,387 輛汽車，其中出口量達到 14,225 輛。</p><p>新上市車型市場需求強勁。零跑 A10 在上市首月的鎖定訂單超過 40,000 輛，隨着加速交付，其日產能現已突破 1,000 輛。</p><p>與此同時，其旗艦 SUV 車型 D19 在上個月上市後的 15 天內獲得了超過 15,000 份訂單。</p><p>隨着零跑汽車公佈業績，投資者還將密切關注其本土競爭對手的最新財務表現和利潤率趨勢。</p><p>蔚來（NYSE: NIO）計劃於 5 月 21 日公佈第一季度財務業績。隨後，小鵬（NYSE: XPEV）和理想汽車（NASDAQ: LI）均定於 5 月 28 日發佈第一季度財報。</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 深化與零跑合作，推出新款歐寶電動車並轉移西班牙工廠生產</p><p>Stellantis 和零跑汽車計劃在西班牙薩拉戈薩工廠增加一條新生產線，用於生產全新的歐寶電動 SUV 和零跑 B10 車型。</p><p>（1 美元 = 6.7921 元人民幣）</p>

零跑汽車

<p>零跑汽車報告第一季度營收為 108.2 億元人民幣，同比增長 8%，創下其最佳第一季度業績。然而，由於毛利率降至 9.4%，淨虧損擴大至 3.9 億元。汽車交付量同比增長 25.8%，顯著的出口貢獻了增長。公司預計隨着新推出車型的強勁需求，銷售勢頭將持續</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>零跑汽車第一季度營收達到 108.2 億元，創歷史最佳第一季度紀錄，但毛利率大幅下滑。</li>
<li>包括蔚來、小鵬和理想汽車在內的中國競爭對手也將在本月晚些時候公佈財報。</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>（資料圖顯示一輛零跑 C01。圖片來源：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>零跑汽車（HKEX: 9863）第一季度實現營收增長，主要得益於強勁的汽車交付量。然而，由於產品組合的變化，公司淨虧損擴大。</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>這家由 Stellantis 支持的中國電動汽車製造商週五報告稱，其第一季度營收達到 108.2 億元（15.9 億美元），同比增長 8.0%，創下歷史最佳第一季度業績。</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>零跑汽車第一季度淨虧損擴大至 3.9 億元，而去年同期淨虧損為 1.3 億元，2025 年第四季度淨利潤為 3.6 億元。</p></div><p>Join us on  Telegram  or  Google News</p>
<div class="lb-trans"><p>加入我們的 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>該公司表示，虧損同比增加主要歸因於毛利總額下降以及費用增加。</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>零跑汽車第一季度毛利率從一年前的 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>該公司第一季度共交付 110,155 輛汽車，同比增長 25.8%，但較去年第四季度下降 45.21%。</p></div><p>Leapmotor quarterly deliveries</p>
<div class="lb-trans"><p>零跑汽車季度交付量</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國汽車行業的傳統淡季，而第四季度通常是銷售旺季。</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>海外市場正成為這家初創企業的關鍵增長引擎。零跑汽車第一季度出口量達到創紀錄的 40,901 輛，佔總銷量的 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>這一銷售勢頭延續至第二季度。零跑汽車在 4 月交付了創紀錄的 71,387 輛汽車，其中出口量達到 14,225 輛。</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>新上市車型市場需求強勁。零跑 A10 在上市首月的鎖定訂單超過 40,000 輛，隨着加速交付，其日產能現已突破 1,000 輛。</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>與此同時，其旗艦 SUV 車型 D19 在上個月上市後的 15 天內獲得了超過 15,000 份訂單。</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>隨着零跑汽車公佈業績，投資者還將密切關注其本土競爭對手的最新財務表現和利潤率趨勢。</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>蔚來（NYSE: NIO）計劃於 5 月 21 日公佈第一季度財務業績。隨後，小鵬（NYSE: XPEV）和理想汽車（NASDAQ: LI）均定於 5 月 28 日發佈第一季度財報。</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 深化與零跑合作，推出新款歐寶電動車並轉移西班牙工廠生產</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 和零跑汽車計劃在西班牙薩拉戈薩工廠增加一條新生產線，用於生產全新的歐寶電動 SUV 和零跑 B10 車型。</p></div><p>($1 = 6.7921 yuan)</p>
<div class="lb-trans"><p>（1 美元 = 6.7921 元人民幣）</p></div>

零跑汽車一季度淨虧損擴大，儘管銷量增長