离谱！零跑汽车成“老赖”，361万都付不起了吗？

Core Viewpoint - Leap Motor has been designated as a "dishonest executor" by the Guangzhou Baiyun District People's Court due to unpaid debts, despite recently celebrating the production of its one millionth vehicle and announcing profitability [2][6]. Group 1: Legal and Financial Issues - Leap Motor's subsidiary, Lingpao Automotive Trading, owes Guangzhou Shouqi Automotive Service Co., Ltd. a total of RMB 3,618,085.25, which includes rental fees, vehicle purchase amounts, overdue payment penalties, and legal fees [3][4]. - The court ruling requires the payment to be made by June 27, 2024, and Leap Motor is liable for the debt as a guarantor [3][4]. - The company has been restricted from bank loans and government procurement, and its founder, Zhu Jiangming, faces limitations on high consumption activities [6][8]. Group 2: Business Performance and Market Impact - Despite a reported revenue of RMB 24.25 billion in the first half of 2025, Leap Motor's core automotive sales business is still operating at a loss of RMB 88.63 million [10][11]. - The company achieved a delivery volume of 221,700 vehicles, a year-on-year increase of 155.7%, but the average selling price has been declining, indicating a shift to a volume-driven strategy [10][12]. - The recent legal issues may undermine consumer confidence, as being labeled a "dishonest executor" could deter potential buyers [12]. Group 3: Management and Operational Concerns - The situation raises questions about the effectiveness of Leap Motor's legal and financial management, suggesting possible internal communication breakdowns and a lack of urgency in addressing legal obligations [8][9]. - The company's aggressive cost control measures may have led to neglecting contractual obligations, resulting in reputational damage that far exceeds the original debt amount [8][9]. - The incident serves as a warning for the company to improve its governance and risk management practices as it expands in the competitive automotive market [12].