Zhejiang Leapmotor Reports Significant Sales and Revenue Growth for 2024

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

Zhejiang Leapmotor Technology Co., Ltd. announced a significant increase in sales volume and revenue for the year ended December 31, 2024. The company’s sales volume rose by 104% to 293,724 units, while revenue is expected to exceed RMB30,500 million, marking an 80% increase compared to 2023. The improvements were driven by economies of scale, optimized product sales structure, and effective cost management. Leapmotor achieved a positive net profit in the fourth quarter of 2024, attributed to growth in sales volume, particularly of higher-priced models, and enhanced operational efficiency.

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 the production and sale of electric vehicles, with a market emphasis on innovative product offerings and cost management strategies.

YTD Price Performance: -6.30%

Average Trading Volume: 4,773,808

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$40.78B

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