Core Viewpoint - Leap Motor has raised its sales target for 2026 and plans to launch multiple new models to cover the entire vehicle category while accelerating channel development [1] Sales Performance - In January 2026, the company reported a delivery volume of 32,000 units, representing a year-on-year increase of 27.4%, and has raised its annual sales target from 1 million to 1.05 million units [2] Business Development - The company plans to launch several new models in 2026, including the flagship SUV D19, MPV D99, and global model A10, to cover sedans, SUVs, and MPVs [3] - As of January 5, 2026, the number of national stores reached 1,068, indicating accelerated channel development [3] Funding Movements - In January 2026, Leap Motor completed two premium financings totaling approximately 6.74 billion yuan, with a subscription price at a premium of about 9.9% over the H-share market price at that time [4] - The financing funds will primarily be used for R&D investment, operational funding, and sales network expansion to support the sales target of 1 million vehicles in 2026 [4] Company Status - The collaboration with Stellantis Group has deepened, with the company entering over 35 international markets and establishing more than 1,800 global sales outlets as of January 2026 [5] - The new model A10 was unveiled at the Brussels Motor Show in January 2026, targeting the European market, with future overseas sales goals set at 100,000 to 150,000 units [5]