Leapmotor Reports Robust Q1 2025 Growth and Expands Product Line

Zhejiang Leapmotor Technology Co., Ltd. Class H ( (HK:9863) ) has provided an announcement.

Zhejiang Leapmotor Technology Co., Ltd. reported a significant increase in revenue for Q1 2025, reaching RMB10,020 million, a 187.1% year-on-year growth. This growth is attributed to a 162.1% increase in sales and an optimized product portfolio. The company achieved a record gross margin of 14.9%, up from negative figures in the previous year, driven by increased sales volume, cost management, and product mix optimization. Despite a loss of RMB130 million, this was a substantial improvement from the previous year’s loss. Leapmotor’s vehicle deliveries also saw a remarkable rise, with over 87,552 units delivered in Q1 2025, marking it as the fastest-growing emerging auto brand in China. The launch of new models, such as the B10 and B01, equipped with advanced features and design awards, has strengthened Leapmotor’s market position and appeal to young customers.

The most recent analyst rating on (HK:9863) stock is a Buy with a HK$44.20 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.

More about Zhejiang Leapmotor Technology Co., Ltd. Class H

Zhejiang Leapmotor Technology Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the automotive industry. The company focuses on producing electric vehicles, with a strong emphasis on innovation and advanced technology, targeting the emerging auto brand market in China.

Average Trading Volume: 14,560,648

Technical Sentiment Signal: Buy

Current Market Cap: HK$85.77B

For an in-depth examination of 9863 stock, go to TipRanks’ Stock Analysis page.