In 2023, Leapmotor, the Chinese new energy vehicle manufacturer, remained steadfast in its commitment to comprehensive technology research and expanding its product lineup, with a continued focus on both the battery-electric and extended-range electric vehicle markets.
Throughout the year, Leapmotor achieved remarkable milestones, with an annual delivery volume reaching 144,155 units, representing a nearly 30% year-on-year increase. Additionally, it celebrated the achievement of surpassing the delivery milestones of both 200,000 and 300,000 units of vehicles in the past year.
Concurrently, Leapmotor's global expansion journey entered a new phase. Leveraging its technological prowess and product competitiveness, the company struck an investment partnership with automotive giant Stellantis. This collaboration marks the first partnership between a new Chinese auto player and a multinational giant, pioneering a novel model for global expansion through light asset deployment.
Gasgoo conducted a year-end review focusing on key automotive enterprises and component manufacturers. In this report, we will take a retrospective look at the significant events that transpired for Leapmotor in 2023.
Leapmotor boasts over 29% YoY surge in 2023 annual deliveries
Chinese new energy vehicle manufacturer Leapmotor achieved a historic high delivery record in December 2023, with a remarkable 18,618 vehicles delivered, marking a 119% year-on-year soar.
Leapmotor to commence vehicle delivery in Europe in Q3 2024
On November 23, Wu Qiang, co-president of Chinese new energy vehicle maker Leapmotor, announced the company's anticipation of commencing vehicle deliveries in Europe by the third quarter of next year.
Stellantis fulfills acquisition of 21.26% stake in Leapmotor
On November 21, Leapmotor's board of directors ("the Board") announced that it had issued 194,260,030 new H Shares to Stellantis, the world's fourth-largest automaker. The subscription transaction was completed on November 20, 2023.
Leapmotor unveils globally-oriented C10 at Auto Guangzhou 2023
On November 17, Leapmotor showcased its inaugural global-oriented model, the C10, at the Auto Guangzhou 2023, marking its China debut following its global premiere in Munich.
Hesai Technology to supply Leapmotor with AT128 LiDAR
On November 13, Chinese LiDAR manufacturer Hesai Technology ("Hesai") officially announced its designated collaboration with Leapmotor, a Chinese new energy vehicle maker, in an OEM-installed project. Through the collaboration, Leapmotor upcoming mass-produced passenger vehicle will feature the cutting-edge AT128 ultra-high-resolution long-range LiDAR from Hesai.
Stellantis to acquire 20% stake in Leapmotor with €1.5 billion of investment
On October 26, an ambitious partnership was unveiled as Stellantis N.V. plans to invests approximately €1.5 billion to acquire a 20% stake in Chinese new energy vehicle (NEV) manufacturer Leapmotor.
Leapmotor boasts 31.9% YoY jump in Q3 2023 revenue
Chinese new energy vehicle startup, Leapmotor, unveiled its third-quarter (Q3) financial report on October 16, demonstrating impressive growth and improved financial health.
Leapmotor C01's extended-range edition hits market, starting at 145,800 yuan
Chinese new energy vehicle startup Leapmotor officially put the C01 extended-range electric vehicle model (C01 EREV) onto the market on September 20.
Leapmotor unveils first global product ‘C10’ SUV at IAA MOBILITY 2023
Chinese new energy vehicle startup, Leapmotor, achieved a significant milestone at the IAA MOBILITY 2023 with the global debut of its first-ever international product, the Leapmotor C10.
Leapmotor’s revenue rises 14.4% YoY in H1 2023
Chinese new energy vehicle startup Leapmotor achieved a revenue of 5.813 billion yuan in the first six months of this year, reflecting a 14.4% increase compared to the same period in 2022, according to the company’s financial report.
Leapmotor unveils centralized electronic/ electrical architecture ‘LPEE3.0’
On July 31, Chinese new energy vehicle startup, Leapmotor, officially launched its centralized electronic and electrical architecture, the LPEE 3.0, which is also known as the “Four-leaf Clover” in Chinese.
Leapmotor, Faurecia's joint venture incorporated to produce new energy vehicle parts
Chinese new energy vehicle startup, Leapmotor, recently established a joint venture with Faurecia, called Jinhua Leapmotor Faurecia Automotive Components Co., Ltd., according to information from Tianyancha, a Chinese corporate database.
Leapmotor, ZF to jointly develop smart chassis products
Chinese new energy vehicle startup Leapmotor today announced that it has entered into a strategic cooperation agreement with ZF to collaborate closely in the field of intelligent chassis for passenger vehicles.
Leapmotor releases four new models at one go, including range-extended C11 SUV
On March 1, Chinese new energy vehicle startup Leapmotor unveiled four new models at its 2023 new product launch event, including the range-extended C11 (C11 REEV), the 2023 C01, the all-electric 2023 C11 (C11 EV), and the 2023 T03.
Leapmotor, Great Wall Motor to integrate Baidu’s ERNIE Bot on cars
On February 17, Chinese new energy vehicle startup Leapmotor announced that it has officially became one of the earliest adopters of Baidu’s ChatGPT-like AI interactive model, ERNIE Bot.
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