On March 21st, LEAPMOTOR announced on the Hong Kong Stock Exchange that its 2022 revenue was approximately USD 1.893 billion, a 295.4% increase from 2021; and the net loss was approximately USD 792 million, compared to approximately USD 442 million in 2021, a YoY increase of 79.52%.
As of December 31st, 2022, LEAPMOTOR had 582 stores covering 180 cities, including 79 directly operated stores and 503 channel partner stores. The total delivery volume of cars in 2022 was 111,200, a 154.1% increase from 2021.
According to financial data, LI Auto had a net loss of approximately USD 314 million, equivalent to CNY 2.03 billion, in 2022, which is more than a five-fold increase from the net loss of CNY 322 million in 2021. In addition, new energy vehicle companies commonly seen on China’s sales rankings such as XPENG, NETA, and Sitech are also experiencing large-scale and sustained losses.
Source：IThome