Leapmotor released its first quarter financial report, with total revenue reaching 3.486 billion yuan

Leapmotor released its first quarter financial report on May 17. The report showed that the company's total revenue in the first quarter reached 3.486 billion yuan, a year-on-year increase of 141.7%. This growth was mainly attributed to the gradual market recognition of its products and the increase in sales brought about by the enrichment of its product lineup. However, compared with the previous quarter, revenue fell by 33.9%. The official explanation was that this was due to the facelift and upgrade of the entire series of models, the adjustment of the production and sales of the original models, and the seasonal impact of the Spring Festival holiday.