Leapmotor, a Chinese new energy vehicle (NEV) maker listed on the Hong Kong Stock Exchange under the ticker 9863, has reached a significant milestone by delivering its 900,000th vehicle. The company made this announcement on its social media platforms, highlighting the growing popularity and competitiveness of its vehicle lineup, particularly the B series and C series models.
In the first three weeks of August alone, Leapmotor managed to deliver over 28,000 vehicles, bringing its total cumulative deliveries to 871,341 units by the end of July. This impressive performance reflects the company’s consistent growth and success in the NEV market.
July was a particularly noteworthy month for Leapmotor, as it achieved a record high of 50,129 vehicle deliveries. This marked the first time the company surpassed the 50,000-unit threshold in monthly deliveries, setting a new milestone for the third consecutive month.
Currently, Leapmotor offers a range of models for sale in China, including the T03, B10, B01, C01, C10, C11, and C16. While the T03, B01, and B10 are available exclusively as battery electric vehicles (BEVs), the other models also come with extended-range electric vehicle (EREV) variants.
In a groundbreaking development, Leapmotor reported a net income of RMB 30 million ($4.2 million) in the first half of 2025, marking its first-ever profitable half-year period. This achievement positions Leapmotor as the second Chinese NEV startup, after Li Auto, to achieve profitability over a six-month period.
With a strong sales performance in the first half of the year, Leapmotor delivered 221,664 vehicles, representing a remarkable year-on-year increase of 155.68 percent. The total delivery volume from January to July stood at 271,793 units, marking a 149.84 percent year-on-year growth.
Buoyed by its success, Leapmotor revised its 2025 annual sales target from 500,000 to 600,000 units to a range of 580,000 to 650,000 units. Looking ahead, the company has set an ambitious goal of achieving annual sales of 1 million units in 2026, as per its management’s projections.
In a related development, there are reports that FAW, a major Chinese automotive manufacturer, is planning to acquire approximately 10 percent of Leapmotor’s shares, thereby becoming a strategic shareholder. This potential partnership could further bolster Leapmotor’s position in the competitive NEV market.
Overall, Leapmotor’s impressive performance in vehicle deliveries, profitability, and strategic collaborations underscores its growing influence and success in the rapidly evolving NEV industry. With ambitious targets for the future, the company is poised for continued growth and innovation in the coming years.
