零跑汽车加速智能化突破

Core Insights - Leap Motor officially launched its flagship D19 model, marking a significant step in its high-end strategy with advanced technology integration [1][2] - The D19 features Qualcomm's Snapdragon dual 8797 integrated chip, achieving a computing power of 640 TOPS, which enhances its smart cockpit capabilities [1] - The company aims to differentiate itself in the increasingly competitive high-end electric vehicle market, facing challenges from tech giants and traditional luxury brands [2] Product and Technology - The D19 is the largest and highest-positioned product in Leap Motor's history, available in both pure electric and range-extended versions [1] - It boasts a three-motor all-wheel drive system, achieving acceleration in three seconds for pure electric and four seconds for range-extended models [1] - Leap Motor has invested over 10 billion yuan in R&D, with over 95% of key components developed in-house, enhancing its competitive edge [2][3] Market Performance - In September, Leap Motor achieved a monthly delivery of 66,657 vehicles, contributing to a total of 221,664 vehicles delivered in the first half of 2025, a 155.7% increase year-on-year [2] - The company's revenue reached 24.25 billion yuan, a 174% increase, with a gross margin of 14.1%, marking a record high for the company [2] - Leap Motor has established around 1,700 stores globally, including approximately 700 overseas, supporting the sales of the D19 [2] Strategic Collaborations - Leap Motor has innovated its cooperation model, supplying components to other automakers and expanding its battery supply business [3] - A strategic cooperation memorandum was signed with FAW Group to jointly develop new energy vehicles and components, enhancing resource collaboration [3] Global Expansion - In the first seven months of 2025, Leap Motor exported 24,980 vehicles, leading among new energy vehicle companies [4] - The company has established around 600 sales and service outlets in 30 markets, including over 550 in Europe, with plans for a local production base by the end of 2026 [4]