Leapmotor sees 52.2% revenue growth in H1 as deliveries surpass 80,000 Units
AshleyAug 16, 2024, 11:33 AM
Leapmotor recently released its financial report for the first half of 2024. The report shows that in the first half of 2024, Leapmotor's total revenue reached 8.85 billion RMB, marking a 52.2% year-on-year increase. The gross profit margin for the first half of the year was 1.1%, a significant improvement from the previous year. The net inflow of operating cash flow in the first half was 270 million RMB, with available funds reaching 16.49 billion RMB. The company's asset-liability structure remained healthy.
In terms of delivery volume, Leapmotor delivered a total of 86,696 units in the first half of the year, a year-on-year increase of 94.8%, of which June surpassed 20,000 units for the first time. Leapmotor C10 delivered over 24,000 units in the first half of the year, and Leapmotor C16 broke through 10,000 units in the first month. In addition, Leapmotor received over 28,000 orders in July, with a single-month delivery of 22,093 units, setting a new record for consecutive deliveries. As of mid-July, Leapmotor's cumulative delivery volume has exceeded 400,000 units.
In terms of overseas layout, nearly 2000 C10 and T03 have been sent to Europe in July by Leapmotor, and both products have obtained the EU WVTA certification. They will officially launch in nine European countries from September, and expand to more than 200 sales stores by the end of the year. In the fourth quarter, they will enter the Asia-Pacific, the Middle East, Africa and South America.
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