Leapmotor's operating cash flow will turn positive for the first time in 2023, with cash reserves of nearly 20 billion yuan

Leapmotor's operating cash flow turned positive for the first time in 2023, reaching 1.08 billion yuan. However, after deducting capital expenditures, free cash flow was -260 million. Despite this, as of the end of 2023, Leapmotor's funds on hand reached 19.39 billion yuan, an increase of 98.2% over the same period last year.