EarningsLeapmotor'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.
Product StrategyLeapmotor'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.
Sales Volume ForecastAnalyst raises FY25E sales volume forecast by 15% to 0.55mn units, projecting a breakeven at a net level in FY25E.