In Q3 of 2024, Leapmotor reported a record-breaking revenue of 9.86 billion yuan, up 74.3% year-on-year and 83.9% quarter-on-quarter. Gross margin saw a substantial improvement to 8.1%, up from 2.8% in Q2. Leapmotor's founder Zhu Jiangming said the automaker is poised to sell 500,000 cars and achieve gross margin of over 10% for the full year of 2025.

Editor: Bell