China EV insurance registrations for week ending Nov 10
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The GAC Hyptec HL 5.1-meter electric SUV was revealed in official images before the premiere at the Guangzhou Auto Show 2024 on November 15.
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Leapmotor is targeting sales of 500,000 vehicles for the full year in 2025, with a gross margin of more than 10 percent, its management said.
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Chinese customers who currently buy the Onvo L60 are expected to get deliveries 10-14 weeks after locking in their orders, down from 12-16 weeks previously.
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In the January-October period, BYD was No. 1 in the NEV market with a 34.8 percent share, while Tesla was No. 3 with a 6.0 percent share.
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The ES6 remains the largest contributor to Nio Inc's deliveries until Onvo L60 capacity is significantly ramped up.
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Leapmotor said it expects to exceed its full-year sales target of 250,000 units this year, with gross margin lifting further and net losses narrowing in the fourth quarter.
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The Zeekr 7X delivered 11,643 units in October, contributing 46.48 percent of Zeekr's monthly deliveries.
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