Leapmotor's revenue surged in the third quarter, with deliveries hitting a record high

Leapmotor released its third quarter 2024 financial report on November 11. Data show that Leapmotor's revenue in the third quarter reached 9.86 billion yuan, a year-on-year increase of 74.3% and a month-on-month increase of 83.9%; the delivery volume was 86,165 units, a year-on-year increase of 94.4% and a month-on-month increase of 61.7%. A total of 172,861 units were delivered in the first three quarters, a year-on-year increase of 94.6%. Leapmotor's gross profit margin was 8.1%, a significant improvement year-on-year; net operating cash inflow was 1.96 billion yuan, free cash flow reached 1.32 billion yuan, and sufficient cash reserves on hand reached 18.7 billion yuan.