On December 24, 2024, Chinese new energy vehicle maker Leapmotor celebrated its ninth anniversary. Once positioned in the second tier of Chinese new energy vehicle startups, the company achieved both increased sales and improved pricing in 2024, driven by the strong performance of its C-series models. Leapmotor attributed its sales growth to "exceptional market insight" and its ability to "fully meet user needs."
Leapmotor's 2024 financial performance has been remarkable, with substantial year-on-year growth in sales, revenue, and gross profit margin. The company also achieved single-quarter profitability ahead of schedule, showcasing its significant progress in product R&D, cost management, and market expansion.
In collaboration with Stellantis, Leapmotor has actively expanded into overseas markets, accelerating its globalization efforts. The company has now established over 400 sales outlets across 13 European countries.
Gasgoo conducted a year-end review highlighting key automotive enterprises and component manufacturers. This report takes a retrospective look at Leapmotor's major milestones in 2024.
Leapmotor: from domestic contender to global EV player (Part 1)
2015 marked a year of rapid growth for China’s new-energy automakers, and Mr. Zhu Jiangming, a key founder of Dahua Technology, recognized the momentum in the electric vehicle (EV) sector, launching his second entrepreneurial venture into this field.
Leapmotor: from domestic contender to global EV player (Part 2)
In the fiercely competitive Chinese automotive market, Leapmotor emerged, maintaining its affordable, feature-rich models, consistently creating popular products, and moving toward the front of the industry. The secret to this success lies in technology.
Leapmotor forecasts profitability in Q4 2024
Chinese new energy vehicle (NEV) maker Leapmotor achieved positive net profit in the fourth quarter (Q4) of 2024, reaching its quarterly profitability goal one year ahead of schedule, according to the company's latest quarterly profit forecast. This milestone makes Leapmotor the second profitable NEV startup in China.
Leapmotor achieves highest-ever monthly deliveries in Dec. 2024
Chinese new energy vehicle maker Leapmotor delivered 42,517 vehicles in December 2024, marking its second consecutive month with deliveries surpass 40,000 units, according to the company's announcement on Jan. 1. Compared to the year-ago period, the carmaker achieved a 128% year-over-year soar.
Leapmotor partners with NPK MOTOR for KD assembly project in Myanmar
On November 25, Chinese new energy vehicle (NEV) maker Leapmotor signed a strategic agreement with Myanmar's NPK MOTOR to launch a KD (Knock Down) assembly project.
Leapmotor B10 makes China debut at Auto Guangzhou 2024
The Auto Guangzhou 2024 officially kicked off on November 15. Chinese new energy vehicle maker Leapmotor showcased the B10, the first model from its new B-series global lineup, for its domestic debut. Previously introduced at the Paris Motor Show, the B10 was showcased in China with two new color options—Starlight Blue and Dawn Purple—as well as a limited-edition inspired by Van Gogh's Starry Night Over the Rhône.
Leapmotor rolls off 500,000th mass-produced vehicle
On October 17, Chinese new energy vehicle maker Leapmotor celebrated the roll-off of its 500,000th mass-produced vehicle, a Leapmotor C16 Intelligent Driving Edition, from the assembly line. It took the carmaker just over 100 days to go from producing the 400,000th to the 500,000th vehicle.
Leapmotor launches global strategy at Paris Motor Show 2024
On October 14, during the opening day of the Paris Motor Show 2024, Chinese new energy vehicle maker Leapmotor hosted its global strategy launch event under the theme "A Leap Forward."
Leapmotor International begins accepting orders for Leapmotor EVs across Europe
On September 30, 2024, Stellantis' network of European dealerships began accepting orders for Leapmotor's electric vehicles, marking a significant milestone for Leapmotor International, the joint venture between Stellantis and Leapmotor.
Leapmotor International launches C10, T03 new energy vehicle models in Europe
On September 24, Chinese new energy vehicle maker Leapmotor officially launched its C10 and T03 models in Europe, marking the company's entry into the European market. The global media test drive event in Milan, Italy, highlighted Leapmotor's international debut.
Leapmotor's revenue surges 52.2% YoY in H1 2024
On August 15, Chinese new energy vehicle maker Zhejiang Leapmotor Technology Co., Ltd. ("Leapmotor") released its financial report for the first half of 2024, during which the company recorded a revenue of 8.845 billion yuan, marking a 52.2% year-on-year surge.
Leapmotor International ships first-batch electric vehicles to Europe
On July 30, Stellantis N.V. and Chinese new energy vehicle maker Leapmotor jointly announced that their 51/49 joint venture, Leapmotor International, has shipped its first batch of Leapmotor C10 and T03 electric vehicles from Shanghai to Europe.
Leapmotor puts C16 six-seater SUV onto market, starting at 155,800 yuan
On June 28, Chinese new energy vehicle maker Leapmotor released its six-seater SUV, the C16, onto the market. The model comes in both battery-electric (BEV) and range-extended (REEV) powertrains, available in six variants in total with a price range of 155,800 yuan to 185,800 yuan.
Stellantis confirms assembly of Leapmotor T03 at Polish plant
Stellantis China confirmed on June 20 that the first trial production vehicles of the Leapmotor T03 have been successfully assembled at Stellantis' Tychy plant in Poland. This follows recent reports of Leapmotor T03 production in Stellantis' Polish facility.
Stellantis, Leapmotor's JV established, to start selling EVs in Europe from Sept. 2024
Global auto giant Stellantis N.V. ("Stellantis") and Chinese new energy vehicle maker Zhejiang Leapmotor Technology Co., Ltd. ("Leapmotor") announced on May 14 that they have completed all necessary approvals to establish Leapmotor International B.V. ("Leapmotor International"), with Stellantis leading the joint venture with a 51% stake and Leapmotor holding 49%.
Leapmotor, Hesai Technology form strategic collaboration
On March 7, Chinese new energy vehicle maker Leapmotor and LiDAR solution provider Hesai Technology officially signed a strategic cooperation agreement in Hangzhou.
Leapmotor puts C10 SUV onto market, starting at 128,800 yuan
On March 2, Leapmotor officially put its latest offering, the C10, onto the market. The C10 lineup features seven variants with a price range of 128,800 yuan to 168,800 yuan.
Leapmotor secures around HK$659 million investment through share subscriptions
On January 19, Chinese new energy vehicle manufacturer Zhejiang Leapmotor Technology Co., Ltd. ("Leapmotor") announced its H-share subscription agreements with Jinhua Industrial Fund on the Hong Kong Stock Exchange.
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