LEAPMOTOR(HK:09863) Ju Chao Zi Xun·2025-12-01 03:00Group 1: Sales Performance - In November, Leap Motor achieved a record delivery volume of 70,327 units, representing a year-on-year increase of over 75%, marking nine consecutive months of strong growth [2] - The company reached its 2025 sales target ahead of schedule on November 15, with cumulative sales surpassing 500,000 units for the year [2] Group 2: Financial Results - For the third quarter, Leap Motor reported a revenue of 19.45 billion yuan, a 97.3% increase compared to the same period in 2024 [2] - The gross margin improved to 14.5%, while the company maintained positive operating cash flow and free cash flow, indicating ongoing operational quality enhancement [2] Group 3: Product Development - Leap Motor completed its product matrix by launching the "smart premium long-range SUV" A10 at the Guangzhou International Auto Show on November 21, covering all four major product series [2] - The new model Lafa5, positioned as a "high-value sports sedan," was officially launched on November 27, with a limited-time starting price of 92,800 yuan [2] Group 4: Global Expansion - Leap Motor accelerated its globalization efforts by entering the South American market, showcasing the C10 and B10 models at the São Paulo Auto Show, attracting significant local interest [3] - The company also participated in the Zurich Auto Show, further enhancing its overseas market visibility and influence [3]