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Leapmotor expects to have turned a profit in Q4 last year, achieving its single-quarter profit goal a year ahead of schedule, it said in an earnings forecast yesterday. If it hits the milestone, Leapmotor will be only the second Chinese NEV startup in the black after Li Auto. https://t.co/Axmf27iW29
This is a big deal. Leapmotor is growing by, uh, leaps and bounds. Joins #BYD and Li Auto as profitable EV makers. https://t.co/briTsU2Bm0
Leapmotor sees net income turn positive in Q4 on strong deliveries and cost control Leapmotor attributes this to continued volume growth, product mix optimization, cost control and operational efficiency. https://t.co/mtc5FDfacD 👇
Leapmotor has announced a profit alert, indicating it expects to achieve its first-ever quarterly profit in Q4 2024, a year ahead of expectations. The company attributes this anticipated success to strong deliveries, cost control, and operational efficiency. Leapmotor's growth is notable as it positions itself alongside established electric vehicle (EV) manufacturers such as BYD and Li Auto, marking a significant milestone for the company. If Leapmotor meets its profit goal, it will become only the second Chinese new energy vehicle (NEV) startup to report profitability, following Li Auto.
