Leapmotor has unveiled its financial report for the third quarter of 2025, revealing an impressive operating income of RMB 19.45 billion during the reporting period. This marks a substantial year-on-year surge of 97.3% and a notable quarter-on-quarter rise of 36.7%. The company's net profit has stayed in the positive territory, with a cumulative net profit of RMB 180 million recorded in the first three quarters, signifying a successful structural shift from losses to profits.

During the Q3 financial report conference call, Vice President Li Tengfei shed light on the progress of the collaboration with FAW Group. The two parties inked a cooperation memorandum in March of this year. Subsequently, in April, they launched their first joint project (the Hongqi overseas vehicle model project), with expectations of mass production and overseas market introduction for sales in the latter half of next year. The two sides boast vast potential for cooperation and have already embarked on in-depth discussions. As outlined in the Memorandum of Understanding on Strategic Cooperation signed in March, the partnership between Leapmotor and FAW Group spans two key areas: research and development (R&D) and capital. FAW has expressed its commitment to working in efficient synergy to steer the collaboration towards fruitful outcomes.