Zhejiang factory output climbs in May as wearable sales jump 340%
Consumer spending showed signs of a shift toward higher-value technology products.
Consumer spending showed signs of a shift toward higher-value technology products.
The company now operates in more than 40 countries and regions, with over 2,000 sales and service outlets globally, including more than 950 overseas.
In May alone, exports to ASEAN reached 68.49 billion yuan, surpassing the European Union to become the province’s largest overseas market.
Leapmotor delivered a cumulative 173,658 vehicles in the first five months of the year, still well short of its full-year target of 1 million units set at the start of the year.
The policy calls for public-sector buyers to prioritize new-energy and methanol-powered vehicles across public transit, sanitation, driving schools and postal delivery fleets.
The company delivered 71,387 vehicles during the month, up 73.9% from a year earlier, marking its highest monthly total on record.
Together, the two categories accounted for more than one-fifth of Zhejiang’s export growth over the period.
The technology has long been dominated by suppliers such as Infineon Technologies and onsemi, with local suppliers historically accounting for less than 20% of the market.
Public records show that Slash Robotics marks the only alumni startup Li Auto has invested in over the past two years.
Over the past few years, Huayou Cobalt has built a fully integrated “mine-to-market” business model spanning the entire EV battery lifecycle.