LEAPMOTOR's stock price surged 5.06% during intraday trading, reflecting strong investor optimism.
The rally is driven by a landmark profitability turnaround, with the company posting a net profit of RMB 5.4 billion on revenue of RMB 64.73 billion, a 101.2% year-over-year increase. Full-year deliveries reached 596,600 units, surging 85.5%, while first-quarter deliveries of 110,200 vehicles marked a 26% year-over-year increase, ranking first among new energy vehicle startups. March alone saw 50,000 deliveries, up 35% year-over-year.
International expansion further fuels positive sentiment, with its partnership with Stellantis now covering 35 global markets and over 800 European sales points, while SUV exports surged 78% year-over-year. The company has set an ambitious full-year target of 1 million units, supported by multiple new model launches.
Comments