Leapmotor's revenue in the first quarter exceeded 10 billion, a year-on-year surge of 187.1%

In the first quarter, Leapmotor achieved operating income of 10.02 billion yuan, a year-on-year increase of 187.1%, and a gross profit margin of 14.9%, a record high. The operating profit in the first quarter reached 150 million yuan. The financial report pointed out that the increase in gross profit margin benefited from the scale effect, cost management optimization and the synergy brought about by the strategic cooperation with Stellantis. The sales cost in the first quarter was 8.53 billion yuan, a year-on-year increase of 141.6% and a month-on-month decrease of 26.9%; R&D investment reached 800 million yuan, a year-on-year increase of 53.8%. The delivery volume in the first quarter reached 87,600 vehicles, a year-on-year increase of 262%. 37,100 vehicles were delivered in March alone, topping the sales list of new car-making forces for the first time.