Leapmotor CEO says global sales to hit 1 mln in 2026, 4 mln within a decade
1. Leapmotor aims for 1 million global sales by 2026 and 4 million by 2036. 2. 60% of Leapmotor's sales are expected to come from markets outside China.
FAQ
Why Bearish?
Leapmotor's aggressive sales targets could intensify competition for automakers like STLA, negatively impacting market share and pricing power, reflecting similar challenges faced by traditional manufacturers in the past as EV competition grows.
How important is it?
The rapid expansion and international strategy of competitors affect STLA's pricing and market positioning, making it a significant factor for investors.
Why Long Term?
The rise of competitors like Leapmotor indicates a structural shift in the automotive market that could pressure STLA’s performance in the long run, evidenced by how emerging EV brands have disrupted traditional automakers.