Leapmotor confident against US chip export restrictions

Zhejiang Leapmotor Technology Co. stated it can handle potential US restrictions on advanced chip exports to China. The company relies on chips from Qualcomm and Nvidia but believes the EV sector will remain largely unaffected by these curbs. Leapmotor is exploring a partnership with Ferrari after a visit from its CEO. The company continues to work with Stellantis on global sales and production, with no changes following the resignation of Stellantis CEO Carlos Tavares. Leapmotor aims to enhance its autonomous driving features and recently launched the B10 electric SUV. The company reported its first profit in Q4 and reduced its annual loss by 33% to 2.82 billion yuan.