Financial PerformanceLeapmotor's 1Q25 net loss of RMB130mn beat prior forecasts on higher average selling price and gross profit margin, as well as unexpected contribution from strategic cooperation.
Sales ForecastAnalyst raises FY25E sales volume forecast by 15% to 0.55mn units, projecting a breakeven at a net level in FY25E.
Technological AdvancementsLeapmotor's aggressive pre-sale price for its new B10 EV, along with its in-house autonomous driving and chassis capabilities, gives more confidence about its sales.