LEAPMOTOR(HK:09863) Nan Fang Du Shi Bao·2025-05-20 09:49Core Viewpoint - The founder and chairman of Leap Motor, Zhu Jiangming, addressed rumors about his death, emphasizing the importance of a healthy online discourse for entrepreneurs to work effectively [2] Group 1: Company Performance - Leap Motor delivered 87,552 vehicles in Q1, representing a year-on-year increase of 162.1% [3] - The company achieved revenue of 10.02 billion yuan in Q1, a year-on-year growth of 187.1% [4] - Leap Motor's gross margin reached a historical high of 14.9%, attributed to increased sales, cost management, and product mix optimization [4] Group 2: Strategic Partnerships - Leap Motor has formed strategic partnerships with major companies like FAW Group and Stellantis, enhancing its capabilities in electric vehicle development and global expansion [4] - The joint venture "Leap International" has established over 500 sales and after-sales service outlets in 23 international markets, with more than 90% located in Europe [5] Group 3: Financial Health - The company reported a loss attributable to equity holders of 130 million yuan, a significant year-on-year reduction, although a slight increase was noted compared to the previous quarter [5] - Leap Motor's cash and cash equivalents totaled 25.7 billion yuan as of March 31, 2025, indicating a strong financial position [6] Group 4: Research and Development - Leap Motor has maintained a full-stack self-research approach, achieving significant efficiency in R&D and capital utilization [6] - The company plans to invest 800 million yuan in intelligent driving technology by 2025, with upcoming features set to launch in late 2025 and early 2026 [6]