Here’s leapmotor stays profitable in H1 as margin and cash flow weaken
Leapmotor’s first-half net profit rose to 210 million yuan ($30.95 million), marking its third consecutive half-year of profitability.
Leapmotor’s first-half net profit rose to 210 million yuan ($30.95 million), marking its third consecutive half-year of profitability.
Xpeng’s second-quarter revenue reached 19.74 billion yuan, while its gross margin rose to 20.7%.
Xpeng has begun double-shift production of the Mona L03 SUV and is working with suppliers to accelerate the capacity ramp-up.
Li Auto posted a second-quarter net loss of 1.7 billion yuan, while revenue fell 15.1% year-on-year to 25.7 billion yuan.
Li Auto plans to begin sales of the Li i6 electric SUV in Europe in the fourth quarter and the Li L9 in Dubai in September.
Voyah posted a net loss of 389 million yuan in the first half, compared with a profit a year earlier, as prices of raw materials rose.
Overseas expansion lifted gross margin to 18.85%, but NEV weakness and foreign-exchange losses weighed on profit.
Momenta reported a gross margin of 73.2% in the first half, while adjusted loss narrowed to 14.1 million yuan.
Nio recorded adjusted profit from operations of 206.9 million yuan in the second quarter, about 3.1 times the first-quarter figure.
The third-generation ES8 is expected to reach its 150,000th delivery this month, and demand remains very strong.