Group 1: Financial Performance - In Q1 2025, Leap Motor reported revenue of 10.02 billion, a year-on-year increase of 187% [1] - The net profit for Q1 2025 was -130 million, showing a significant reduction in losses compared to the previous year [1] - The overall gross margin reached a historical high of 14.9%, a substantial improvement from -1.4% in Q1 2024, driven by increased sales, cost management, and product optimization [1] Group 2: Research and Development - Leap Motor achieved a high-efficiency self-research model, developing an auxiliary driving solution based on Qualcomm 8650 within six months [1] - The company’s self-developed end-to-end auxiliary driving system, combined with Qualcomm 8650 chips and Hesai LiDAR, will support upcoming features like urban memory commuting and urban NOA [1] Group 3: Market Expansion - From January to April 2025, Leap Motor exported 13,632 units, making it the leading new car manufacturer in terms of export volume [2] - As of March 2025, Leap Motor has established over 500 sales and after-sales service points overseas, with more than 450 in Europe and nearly 50 in the Asia-Pacific region [2] - The Malaysian factory is expected to start local assembly of the C10 model by the end of 2025, while the European factory aims for local production in 2026 [2] Group 4: Product Planning and Outlook - The B10 model was launched on April 10, 2025, with over 10,000 units delivered; additional models B01 and B05 are set to be released in the second half of the year [2] - For 2025, the company anticipates total deliveries of 500,000 to 600,000 vehicles, with a gross margin of 10-12%, aiming for breakeven [2] - Revenue projections for 2025-2027 are 59.6 billion, 83.1 billion, and 101.6 billion respectively, with year-on-year growth rates of 85%, 40%, and 22% [2]

"这款车有没有智驾？有端到端吗？"广州天河区一家小鹏汽车展厅中，坐在展车内的顾客指着汽车中控屏上的"全系标配图灵AI高阶智驾"标识问销售员。此 前介绍了一通空间感、座椅舒适度和语音交互的销售员这才提到新车的"辅助驾驶功能"。前几个月曾在店内展示的"智驾推荐路线"，如今已没有踪影。 当南都·湾财社记者询问开车时主驾座椅能否躺平，销售员连声强调："不行不行，开车时不推荐这么做，我们的主驾摄像头如果检测不到您，会不停报 警！" 类似的场景在多个品牌门店上演。阿维塔的快闪展台上，销售员介绍卖点时并没有提到"智驾功能"，当记者主动询问时，对方才会详细讲解"代客泊车""车 位到车位"等功能。 在理想汽车门店，湾财社记者向车机系统提问："理想同学，如果开启智驾时发生事故，事故责任算谁的？"理想同学不断强调："驾驶员是责任主体，L2辅 助驾驶需全程监管。"理想汽车销售人员也再三提醒："驾驶时必须手不离方向盘、脚不离刹车！" 从全行业宣传"智驾平权""解放双手"，到对这些关键词讳莫如深，这场营销话术转向的背后，是2025年4月工信部会议划定的红线。 4月16日，工信部一则《关于进一步加强智能网联汽车产品准入、召回及软件在线升级 ...