Leapmotor said on Monday that its net loss for the third quarter ended September widened 92% year-on-year to RMB 1.36 billion ($190 million), which the Hong Kong-listed electric vehicle maker partly blamed on rising operational costs due to sales growth. Revenue surged nearly 400% from a year earlier to RMB 4.3 billion with delivery of 35,608 vehicles, and the company’s gross margin improved to a negative of 8.9% from a negative of 25.6% in the previous quarter. The company plans to launch a plug-in hybrid version of its first sedan C11 by year-end and said it expects stronger growth of PHEVs than all-electrics in the coming years, as battery prices continue to rise. [Leapmotor filing, in Chinese]