Leapmotor files for IPO in Hong Kong


Source: eastday.com eastday.com

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Leapmotor filed for an IPO on the Hong Kong Stock Exchange on Thursday, making it the fourth China EV startup to do so after Nio, Xpeng and Li Auto. Its IPO documents show the company delivered 43,748 vehicles last year, generating a revenue of 3.13 billion yuan ($493 million). A total of 3.06 billion yuan was generated from the sale of cars and auto parts. Leapmotor's 2019 and 2020 revenues were 117 million yuan and 631 million yuan, respectively. From 2019 to 2021, the carmaker's annual operating losses were 730.96 million yuan, 869.53 million yuan and 2.87 billion yuan, respectively....