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Leapmotor Achieves Profitability for the First Time in Full Year; Sets 2026 Net Profit Target of 5 Billion Yuan
Caixin: Leap Motor achieved a net profit of 540 million yuan in 2025, marking its first full-year profit. On March 16, Leap Motor (09863.HK) released its 2025 financial report, revealing this data. In 2024, Leap Motor recorded a loss of 2.82 billion yuan.
Higher sales drove the company’s overall performance improvement. In 2025, Leap Motor delivered 596,000 vehicles, surpassing Xpeng Motors (429,000) and Li Auto (405,000), ranking first among new energy vehicle startups. The company’s total sales, including 67,000 units in international markets. The company began overseas sales in the second half of 2024, gradually increasing volume in 2025.