Leapmotor sees Q1 net loss widen despite sales growth

CnEVPost05-15

Leapmotor's first-quarter revenue reached 10.82 billion yuan, its best first quarter on record, but gross margin dropped significantly. Chinese rivals including Nio, Xpeng and Li Auto will also report...

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLeapmotor sees Q1 net loss widen despite sales growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-15 18:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cnevpost.com/2026/05/15/leapmotor-q1-net-loss-widen-sales-growth/><strong>CnEVPost</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Leapmotor's first-quarter revenue reached 10.82 billion yuan, its best first quarter on record, but gross margin dropped significantly.\nChinese rivals including Nio, Xpeng and Li Auto will also report...</p>\n\n<a href=\"https://cnevpost.com/2026/05/15/leapmotor-q1-net-loss-widen-sales-growth/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4548","symbol_name":"巴美列捷福持仓","start_time":0,"source_url":"https://cnevpost.com/2026/05/15/leapmotor-q1-net-loss-widen-sales-growth/","article_id":"2635808568","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20480%20270'%3E%3C/svg%3E?op=imageView2&mode=2&width=256&height=256&quality=70&format=png"],"rights":{"source":"cnevpost_highlight","url":"https://cnevpost.com/2026/05/15/leapmotor-q1-net-loss-widen-sales-growth/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2635808568","pubTimestamp":1778841871,"columns":[],"sourceInfo":{"source_id":"cnevpost_highlight","name":"CnEVPost"},"weMediaInfo":null,"summary":"Leapmotor's first-quarter revenue reached 10.82 billion yuan, its best first quarter on record, but gross margin dropped significantly.","collect":0,"end_time":0,"defaultTopTitle":"cnevpost.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4548":"巴美列捷福持仓","BK4574":"无人驾驶","NIOG":"2倍做多NIO ETF-Leverage Shares","BK4509":"腾讯概念","BK4532":"文艺复兴科技持仓","BK4581":"高盛持仓","BK4531":"中概回港概念","BK4099":"汽车制造商","LU0052750758.USD":"富兰克林中国基金A Acc","BK4526":"热门中概股","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK4555":"新能源车","BK4505":"高瓴资本持仓","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","NIO.SI":"蔚来","BK4504":"桥水持仓","09863":"零跑汽车","09866":"蔚来-SW","BK4588":"碎股"},"translate_title":"尽管销量增长，零跑汽车第一季度净亏损仍扩大","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EVS.SI":0.6,"NIOG":0.6,"09863":1.97,"NIO.SI":0.6,"09866":0.6},"content_text":"Leapmotor's first-quarter revenue reached 10.82 billion yuan, its best first quarter on record, but gross margin dropped significantly.\nChinese rivals including Nio, Xpeng and Li Auto will also report their earnings later this month.\n\n\n\nLeapmotor (HKEX: 9863) saw revenue growth in the first quarter, mainly driven by strong vehicle deliveries. However, the company's net loss widened due to changes in its product mix.\nThe Stellantis-backed Chinese EV maker reported on Friday that its first-quarter revenue reached 10.82 billion yuan ($1.59 billion), an 8.0% year-on-year increase, marking its best first quarter in history.\n\n\nJoin us on \nTelegram\n or \nGoogle News\n\n\nLeapmotor's net loss for the first quarter widened to 390 million yuan, compared with a net loss of 130 million yuan in the same period last year and a profit of 360 million yuan in the fourth quarter of 2025.\nThe year-on-year increase in loss was mainly attributable to the decline in total gross profit and the increase in expenses, the company said.\nLeapmotor's gross margin in the first quarter dropped to 9.4% from 14.9% a year earlier.\nThe company delivered a total of 110,155 vehicles in the first quarter, up 25.8% year-on-year, but down 45.21% from the fourth quarter of last year.\n\n    {\n    \"@context\": \"https://schema.org\",\n    \"@type\": \"Dataset\",\n    \"name\": \"Leapmotor Quarterly Deliveries Data\",\n    \"description\": \"Quarterly delivery statistics for Leapmotor from 2024 to 2026\",\n    \"url\": \"https://cnevpost.com/2026/05/15/leapmotor-q1-net-loss-widen-sales-growth/\",\n    \"license\": \"https://creativecommons.org/licenses/by/4.0/\",\n    \"creator\": {\n        \"@type\": \"Organization\",\n        \"name\": \"CnEVPost\"\n    },\n    \"temporalCoverage\": \"2024/2026\",\n    \"variableMeasured\": {\n        \"@type\": \"PropertyValue\",\n        \"name\": \"Quarterly Deliveries\",\n        \"unitText\": \"units\"\n    },\n    \"distribution\": {\n        \"@type\": \"DataDownload\",\n        \"encodingFormat\": \"text/html\",\n        \"contentUrl\": \"https://cnevpost.com/2026/05/15/leapmotor-q1-net-loss-widen-sales-growth/\"\n    }\n}    \n\n\nLeapmotor Quarterly Deliveries 2024-2026\n\n\nQuarter\n2024\n2025\n2026\n\n\n\n\nQ1\n33,410\n87,552\n110,155\n\n\nQ2\n53,286\n134,112\n\n\n\nQ3\n86,165\n173,852\n\n\n\nQ4\n120,863\n201,039\n\n\n\n\n\n\nLeapmotor quarterly deliveries\n\n\n\n                2024            \n\n\n                2025            \n\n\n                2026            \n\n\n\n\n\n\n\nSource: Company reports\n© CnEVPost\n\n\n\n    (function() {\n        function init() {\n            if (typeof CnEVPostCharts === 'undefined') {\n                setTimeout(init, 100);\n                return;\n            }\n            \n            CnEVPostCharts.createYearlyLineChart({\n                id: 'leapmotor-quarterly-deliveries-chart-6a06f931d246a',\n                years: [2024,2025,2026],\n                data: {\"2024\":[33410,53286,86165,120863],\"2025\":[87552,134112,173852,201039],\"2026\":[110155,null,null,null]},\n                colors: {\"2024\":\"#999999\",\"2025\":\"#E8853F\",\"2026\":\"#6AAF3D\"},\n                months: [\"Q1\",\"Q2\",\"Q3\",\"Q4\"],\n                yMax: 250000,\n                yStep: 50000            });\n        }\n        \n        if (document.readyState === 'loading') {\n            document.addEventListener('DOMContentLoaded', init);\n        } else {\n            init();\n        }\n    })();\n    \nThe first quarter of each year is typically a traditional off-season for the Chinese auto industry, while the fourth quarter is usually the peak sales season.\nOverseas markets are becoming a key growth engine for the startup. Leapmotor's exports in the first quarter reached a record 40,901 units, accounting for 37.1% of its total sales.\nThis sales momentum continued into the second quarter. Leapmotor delivered a record 71,387 vehicles in April, of which exports reached 14,225 units.\nNewly launched models have seen strong market demand. Firm orders for the Leapmotor A10 exceeded 40,000 units in its first month of launch, and its daily production capacity has now surpassed 1,000 units as it accelerates deliveries.\nMeanwhile, its flagship SUV model D19 garnered over 15,000 orders within 15 days of its launch. This stands out in the 250,000-yuan full-size SUV segment.\nAs Leapmotor posts its results, investors will also closely watch the latest financial performance and margin trends of its local rivals.\nNio Inc (NYSE: NIO) plans to announce its first-quarter financial results on May 21. Subsequently, both Xpeng and Li Auto are scheduled to release their first-quarter earnings on May 28.\n\n\n\n\n\n\n\n\n\nStellantis deepens Leapmotor tie-up with new Opel EV, Spanish plant transfer\nStellantis and Leapmotor plan to add a new line at the Zaragoza plant in Spain to produce an all-new Opel electric SUV and Leapmotor's B10 model.\n\n\nLeapmotor\nMay 8, 2026\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n($1 = 6.7921 yuan)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2635808568","isCrawlerRequest":true}