Leapmotor Holds Q1 2025 Earnings Call at 7:00 PM Tonight.
During the Q&A session of the earnings call, Leapmotor executives addressed topics including the Q2 and full-year performance outlook, strategic partnerships, and export operations. Below is a summary of key highlights from the Q&A discussion:
- New Product Launches and Profitability Outlook:
The new C10, C16, and C11 models will launch in Q2 this year. Marketing efforts face challenges in balancing new and existing product lineups, leading to an expected slight decline in Q2 gross margin compared to Q1. Sales volume is projected to reach 130,000–140,000 units, with the company aiming to achieve breakeven for the quarter. - European Localization Progress:
The European localization project is in its final preparation stages, with localized production set to begin by mid-2026. Leapmotor’s overseas localization efforts are advancing faster than those of its domestic peers. - Leapmotor International Strategy:
Leapmotor International will prioritize market expansion over short-term profitability, focusing on boosting global sales and brand influence. Investment returns for 2025 and 2026 are expected to remain limited. - Sales Channel Expansion:
The company aims to exceed 1,000 stores by year-end (nearly 800 established in Q1). Its sales network is concentrated in tier-4 and higher-tier cities. - Production and Supply Chain Updates:
- B10 Model: Battery-related production issues will be resolved by late May, with no further supply delays in June.
- B01 Model: Its launch will be unaffected by capacity, battery, or component supply constraints.
- Leapmotor International’s Future Role:
Currently operating as a sales-focused entity, Leapmotor International may evolve into an integrated sales and manufacturing company in the future, though it remains uninvolved in R&D for now.
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