Leapmotor expects fourth quarter sales to increase significantly, with full-year sales target of 500,000 units next year

In the third quarter earnings call, Zhu Jiangming, founder, chairman and CEO of Leapmotor, said that Leapmotor's sales are expected to increase significantly in the fourth quarter of this year, and the annual sales target for next year will reach 500,000 vehicles or even higher, with a gross profit margin of more than 10%. Zhu Jiangming said that the focus of next year's products will be the "B series" models. This series of A-class cars in the price range of 100,000 to 150,000 yuan is the largest sales range in the Chinese auto market, which will bring more room for imagination for Leapmotor's sales next year and the year after.