Leapmotor expects to achieve profitability in Q4 2024

Leapmotor officially announced that it expects to achieve positive net profit in the fourth quarter of 2024, achieving the quarterly profit target one year ahead of schedule. In the fourth quarter of 2024, Leapmotor delivered an average of more than 40,000 vehicles per month, of which the C series accounted for more than 77%. Leapmotor expects revenue in 2024 to be no less than 30.5 billion yuan, a year-on-year increase of no less than 80%; gross profit margin no less than 8%.