Zhejiang Leapmotor Technology (HKG:9863) recorded an attributable loss of 390 million yuan in the first quarter of 2026, compared with 130 million yuan a year prior, according to a Friday Hong Kong bourse filing.

Revenue for the three months jumped 8% year over year to around 10.8 billion yuan, mainly due to higher deliveries of vehicles and spare parts.

The automaker attributed the wider loss to a decline in gross profit and a rise in expenses.

Sales volume for the quarter stood at 110,155 units, up 26% year over year. Overseas sales made up 37% of the sales for the three months and reached a record high of 40,901 units.