Leapmotor's revenue will grow in 2023, but it will still be in the red

Leapmotor will achieve revenue of 16.75 billion yuan in 2023, a year-on-year increase of 35.2%. However, the company is still facing the pressure of losses, with a net loss of 4.216 billion yuan in 2023, narrowing from 5.109 billion yuan in 2022. Leapmotor's performance in the domestic market is relatively weak, with 144,155 new cars delivered in 2023, failing to reach the delivery target of 240,000 vehicles set at the beginning of the year.