Leapmotor Chairman: Building Cars Requires at Least $20 Billion

On July 30, Zhu Jiangming, chairman of Leapmotor, stated in a preview of his upcoming conversation with Luo Yonghao that the capital required to build cars far exceeds expectations. He candidly remarked, "If I'd known making cars would burn through so much money, I wouldn't have done it," and emphasized that building cars requires at least RMB 20 billion.