LEAPMOTOR(HK:09863) Xin Lang Cai Jing·2025-11-27 13:51Core Insights - Leap Motor officially launched the new electric sports sedan, Lafa5, at a press conference in Hangzhou, targeting the 100,000 RMB electric vehicle market with a price range of 92,800 to 116,800 RMB [1][4] - The Lafa5 aims to address consumer pain points in the mid-range market by offering a combination of aesthetics, performance, intelligence, and quality, competing against traditional fuel vehicles [1][4] - The company reported a net profit of 150 million RMB and revenue of 19.45 billion RMB for Q3 2025, marking a year-on-year growth of approximately 100% [4] Product Highlights - The Lafa5 offers two battery options with ranges of 515 km and 605 km, with the highest CLTC range reaching 605 km [1] - It features a high-performance seven-in-one oil-cooled electric drive system with a maximum power output of 160 kW and a 0-100 km/h acceleration time of 6.4 seconds [3] - The vehicle's design includes a low drag coefficient of 0.256, a spacious interior with an 86% cabin utilization rate, and a trunk capacity of 435 liters [1][3] Technology and Safety - The Lafa5 is equipped with a Qualcomm 8295P chip for its smart cockpit and supports end-to-end assisted driving features with laser radar and a Qualcomm 8650 chip [1] - The vehicle's body structure consists of 77.5% high-strength steel, utilizing 2000 MPa hot-formed steel, and incorporates a battery system with CTC 2.0 Plus technology for enhanced safety [4] - The active safety system includes 17 auxiliary functions, and the company offers a lifetime battery warranty for the first owner [4] Market Strategy - Leap Motor plans to enter the European market with the Lafa5, competing against models like the Volkswagen Golf GTI and Renault Megane [1] - The company has set an ambitious target of selling 1 million vehicles annually by 2026, with cumulative sales exceeding 500,000 units from January to November 2025, including 44,000 units sold overseas [4]