LEAPMOTOR, a leading Chinese electric vehicle maker, witnessed a significant surge in its stock price on Tuesday morning's pre-market session. The company's shares soared by an impressive 9%, marking a substantial move in the early trading hours.

The rally in LEAPMOTOR's stock price can be attributed to the company's robust financial outlook and better-than-expected profitability. According to reports, LEAPMOTOR expects its 2024 revenue to skyrocket by 80% year-over-year, reaching an impressive 30.5 billion yuan (approximately $4.16 billion). This impressive growth projection is fueled by a remarkable 104% year-over-year increase in the company's sales volume during 2024.

Moreover, LEAPMOTOR's positive performance is further solidified by the company's recent achievement of profitability. The electric vehicle maker reported positive net profit in the fourth quarter of 2024, marking an early milestone in its journey towards sustained profitability, ahead of its initial target. This early profitability underscores the company's strong operational efficiency and growing market demand for its products.