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Leapmotor's deliveries shoot up 136% YoY in March 2024

Gabriella From Gasgoo| April 02 , 2024 18:48 BJT

Beijing (Gasgoo)- Chinese new energy vehicle manufacturer Leapmotor delivered a total of 14,567 new vehicles in March, representing a remarkable hike of over 136% compared to the same period last year, the company announced on April 1. 

Leapmotor's deliveries shoot up 136% YoY in March 2024

Photo credit: Leapmotor

From January to March, Leapmotor’s cumulative deliveries stood at 33,410 units.

Just recently, on March 25, Leapmotor released its full-year financial report for 2023. The company achieved an annual revenue of 16.747 billion yuan, marking a 35.2% year-on-year surge, with a narrowed net loss of 4.216 billion yuan compared to the 5.109-billion-yuan loss in the previous year. 

Benefiting from the higher-priced C11 extended-range model, Leapmotor achieved a gross profit margin of 0.5% for the full year, marking the first time it has achieved a positive yearly gross profit margin.

Leapmotor stated that since the official market launch of the C10 global SUV model on March 2, the new car effect has become increasingly evident. During the upcoming Auto China 2024 in April, there will be a "major new product" debut. According to market reports, this new product may be the all-new mid-to-large-sized SUV— the C16, which will be Leapmotor's first model to utilize an 800V architecture.

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