Leapmotor (09863.HK) reported first-half 2026 revenue of CNY 38.11 billion, approximately $5.7 billion, up 57.2% year over year, as deliveries rose 60.8% to about 356,500 vehicles. Net profit attributable to shareholders was CNY 208 million, reversing a CNY 390 million first-quarter loss and implying second-quarter profit of about CNY 600 million. The company said it has formulated an embodied-robot plan that will be disclosed shortly, adding a potential new growth avenue beyond electric vehicles. Second-quarter gross margin improved to 12.6% from 9.4% in the first quarter, but first-half margin fell to 11.7% from 14.1% a year earlier. Carbon-credit revenue contributed approximately CNY 800 million to CNY 900 million in the first half, including about CNY 500 million in the second quarter. Overseas exports reached 96,300 units, or 27% of total sales, and management expects about 200,000 exports this year and 350,000 to 400,000 next year. Leapmotor’s international network exceeded 1,000 outlets across more than 45 markets, while its Malaysia assembly operation advanced through Stellantis’s Kedah plant.