LEAPMOTOR(09863) 深圳商报·2025-04-06 17:05Core Insights - Leap Motor has surpassed Li Auto to become the top new force car manufacturer in March with a delivery of 37,095 vehicles, marking a year-on-year increase of over 154% [1][2] - Xiaopeng Motors and Li Auto ranked second and third with deliveries of 36,674 and 33,205 vehicles respectively in March [1] - Zeekr Technology delivered 40,715 vehicles in March but is not ranked separately due to its merger with Lynk & Co [1] Delivery Performance - Leap Motor's March delivery of 37,095 vehicles is the first time it has exceeded 30,000 monthly deliveries this year [2] - Xiaopeng Motors remains the leader in cumulative deliveries for Q1 2025 with 94,008 vehicles, a year-on-year increase of 331% [2] - Li Auto's Q1 2025 deliveries reached 92,864 vehicles, while Leap Motor's total for the same period was 87,552 vehicles, placing it third [2] Market Dynamics - NIO's growth in March was slower compared to competitors, with deliveries of 15,039 vehicles, a year-on-year increase of 26.7% [4] - Xiaomi Motors has shown stable delivery performance with over 29,000 vehicles delivered in March, maintaining a consistent monthly delivery above 20,000 for six consecutive months [4] - NIO's sub-brand, Ladao, has not met its delivery commitments, delivering only 4,820 vehicles in March [4] Strategic Shifts - NIO announced a significant personnel change, with the president of its Ladao brand resigning and a new leader appointed, indicating a potential strategic shift [4] - The automotive industry is witnessing a trend towards accelerated investment in intelligent driving technologies, with various companies launching new models and features [6] Intelligent Driving Trends - Leap Motor is set to launch its B10 model featuring the LEAP3.5 technology architecture [6] - Zeekr has introduced innovative driving technologies, including the G-AES automatic obstacle avoidance feature [6] - The market for intelligent connected vehicles in China is projected to reach a scale of 1.1082 trillion yuan in 2024, with a growth rate of 34% [6]