零跑汽车全系交付再创新高

Core Insights - Leap Motor has achieved a record high delivery of 70,327 vehicles in November, marking a continuous growth trend for nine months since March 2023, showcasing the brand's strengthening market position [1] - The company has surpassed its 2025 sales target of 500,000 vehicles ahead of schedule, with cumulative sales exceeding 500,000 units this year [1][2] - Leap Motor aims to reach a sales target of 1 million vehicles by 2026, as stated by its founder and CEO Zhu Jiangming [1] Financial Performance - In Q3 2025, Leap Motor reported a net profit of 150 million yuan, indicating a stable profitability trend [2] - The company delivered 173,852 new vehicles, leading the sales among new energy vehicle brands in China, with a year-on-year increase of 101.8% compared to Q3 2024 [2] - Leap Motor's revenue reached 19.45 billion yuan, a 97.3% increase from the same period in 2024, with a gross margin of 14.5%, significantly improved year-on-year [2] - The company has a strong cash position of 33.92 billion yuan and maintains positive operating and free cash flow [2] Product Development - Leap Motor unveiled its new A platform model, the A10, at the Guangzhou Auto Show, featuring a 500 km CLTC range and advanced technology aimed at mainstream families [2] - The company launched the Lafa5, a high-performance sports sedan, emphasizing features like a 605 km range and advanced driver assistance systems, targeting the younger demographic [3] - Leap Motor is set to hold its 10th-anniversary event in December, which is anticipated to outline its strategic roadmap for the next phase of development [3]