LEAPMOTOR(HK:09863) 第一财经·2026-03-27 03:38Core Viewpoint - Leap Motor is optimistic about achieving its overseas sales target of 150,000 units this year, driven by the global shift towards electric vehicles and the introduction of its new model, the A10, priced under 100,000 yuan [2][3]. Group 1: Sales and Market Strategy - Leap Motor exported 67,000 units last year, with total vehicle sales nearing 600,000 units [2]. - The company has set an ambitious target of 1 million total sales for the year, with 150,000 units expected to come from overseas markets [2]. - The CEO highlighted that the rising oil prices, despite geopolitical challenges, have increased the demand for electric vehicles, supporting the company's sales goals [2]. Group 2: Technological Development - Leap Motor defines 2026 as the "Year of Intelligent Driving," aiming to enhance the accessibility of smart driving features by integrating them into the A series, which is priced below 100,000 yuan [3]. - The company has adopted a follow-up strategy for its smart driving technology to build capabilities, with plans for significant investment starting in 2024 [2][3]. - The smart driving team has grown to over 700 members and operates nearly 600 training servers, focusing on achieving 100% autonomous capabilities [2]. Group 3: Financial Goals and Industry Position - The CEO believes that achieving a profit target of 5 billion yuan this year is feasible due to the scale effects that will help distribute research and market expenses [4]. - The competitive landscape in the Chinese automotive market is challenging, with the CEO noting that the market cannot sustain 17 car manufacturers, emphasizing the need for continuous improvement to avoid being eliminated [4].