$LEAPMOTOR(09863.HK) Foreigners don't really approve of the low-price strategy. In fact, only high-volume, low-margin sales work domestically, just like service-type software in our country is all free! In our country, free and cheap is the way to go; money can be made in other areas, such as maintenance and after-sales service. The profit from exports is still quite substantial. It's the only automaker that exports to Europe and Southeast Asia with import tax exemption! Leapmotor's joint venture overseas channels are arguably the most convenient and best in China, and the factories are free to use. This is the source of Leapmotor CEO's confidence!
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