A few days ago, Leapmotor officially released its financial report for the first half of 2024. According to the financial report, in the first half of 2024, Leap will have a total revenue of 8.85 billion yuan, a year-on-year increase of 52.2%; The gross profit margin in the first half of the year was 1.1%, a significant increase year-on-year; In the first half of the year, the net operating cash inflow reached 270 million yuan, and the funds on hand reached 16.49 billion yuan, and the asset-liability structure remained healthy.
In terms of deliveries, Leapmotor delivered a total of 86,696 vehicles in the first half of the year, a year-on-year increase of 94.8%, of which it exceeded 20,000 units for the first time in June, Leapmotor C10 delivered more than 24,000 units in the first half of the year, and Leapmotor C16 exceeded 10,000 units in the first month. In addition, Leapmotor increased orders by more than 28,000 units in July, and delivered 22,093 vehicles in a single month, a record number of deliveries. As of early July, the cumulative delivery volume of Leapmotor has exceeded 400,000 units.
In terms of marketing network and channel sales, as of the end of June, Leaprun had a total of 474 sales stores and 328 service stores, covering 187 cities, and will fully accelerate its channel layout in the second half of the year. In addition, Leapmotor plans to launch the Urban Intelligent Driving Function (CNAP) based on the end-to-end intelligent driving model by 2025.
In terms of overseas layout, nearly 2,000 C10 T03 units have been sent to Europe in July, both products have obtained the EU WVTA certification, and will be officially launched in the European 9 countries market from September, expand to more than 200 sales online stores by the end of the year, and enter the Asia-Pacific, Middle East, Africa and South America in the fourth quarter.
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