Leapmotor

What Leapmotor does

Leapmotor is a Hangzhou-based Chinese new energy vehicle manufacturer founded in 2015 and listed on the Hong Kong Stock Exchange (9863.HK). It designs, develops, and sells battery-electric and range-extended electric passenger cars across the subcompact (T03, B05, B03X), compact (B10), mid-size SUV (C10, C11, C16), and MPV (D99) segments, with global cumulative deliveries surpassing 1.5 million vehicles by June 2026. The portfolio is built on the proprietary LEAP 3.0/4.0 architecture featuring an 800V silicon-carbide platform, cell-to-chassis battery integration, and a Qualcomm/Hesai-based ADAS stack delivering up to 200 TOPS of compute and 300m LiDAR range, with over 65% of vehicle value developed in-house.

The company sells vehicles through owned Chinese dealerships and, internationally, through Leapmotor International — a 51/49 joint venture with Stellantis established in October 2023 — which leverages Stellantis' 850+ European dealer points, Free2move Charge (750,000+ public charging points), and Grimaldi RoRo logistics to serve 40+ countries. Pricing spans €49/month T03 leases in Germany, €25,400 B05 hatchbacks in France, $31,990 B10 SUVs in Argentina, and 125,800-169,800 yuan for C-series SUVs in China, with a planned premium brand above 300,000 yuan targeted for 2027.

In FY2025 Leapmotor generated 64.73 billion yuan (~$9B) of revenue, up 101.3% YoY, delivered 596,600 vehicles, and posted its first annual net profit of 540 million yuan — the first Chinese NEV startup to reach annual profitability. May 2026 monthly deliveries of 81,569 units (+81% YoY) made it the first Chinese EV startup to break 80,000 monthly units, while Italian BEV market share reached 34.5% with 1,278% YoY growth. Backed by Stellantis (Oct-2023, ~€1.5B), FAW Group (Dec-2025, ~$529M), and Jinyi Capital (Jan-2026, ~$428M), the company is localizing production in Spain, Malaysia, and Brazil to anchor continued international expansion.

Name

Leapmotor

Legal name

Leapmotor International B.V.

Website

https://leapmotor.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Leapmotor is a Hangzhou-based Chinese new energy vehicle manufacturer (founded 2015, HKEX: 9863) that designs and sells affordable BEV and range-extended EVs across subcompact, SUV, and MPV segments to retail consumers and fleet buyers in 40+ countries via a Stellantis joint venture.

Ownership category

akta.pro rank

Product category

Electric Vehicles

NAICS

Motor and Generator Manufacturing (335312)

SIC

Motors & Generators (3621)

akta.pro primary industry

Light Electric Vehicles (NEVs/LSEVs/Quadricycles) Manufacturing (IMACAOAC)

akta.pro secondary industries

Hybrid Powertrain Integration Manufacturing (ICE-HEV/PHEV modules) (IMACAHAJ), Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells) (IMACABAK)

Keywords

• Electric vehicles
• New energy vehicles
• Battery electric SUVs
• Extended range EVs
• Automotive manufacturing

Headquarters

HQ city

Hangzhou

HQ country

China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Electric Vehicle Sales: Primary revenue from selling BEVs and extended-range electric vehicles to retail customers and fleet operators through owned dealerships, Stellantis dealer network, and international distribution partners. Vehicle pricing ranges from approximately 86,800 yuan for entry models to 300,000+ yuan for flagship D99 MPV.
2. Global Expansion & Export: Revenue from exports to over 40 countries through Leapmotor International JV, with growing local production contributing to revenue in European and Asian markets.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Leapmotor designs, manufactures, and sells affordable new energy vehicles — pure electric (BEV) and extended-range electric vehicles (EREV) — across subcompact city cars, compact and mid-size SUVs, and MPV segments. Vehicles are built on the proprietary LEAP 3.0/4.0 architectures with 800V silicon carbide platforms, cell-to-chassis battery integration, Qualcomm-powered intelligent cockpits, and Hesai LiDAR-based ADAS. The company distributes its products globally through its own channels and the Leapmotor International JV with Stellantis, serving over 40 countries with nearly 1,000 sales and service outlets.

Product overview

Leapmotor is a Chinese electric vehicle manufacturer established in 2015, offering a diverse portfolio of affordable mass-market EVs spanning multiple segments. The product lineup includes: subcompact city EVs (T03, B05, B03X), compact and mid-size SUVs (C10, C11, C16, B10), and a flagship MPV (D99). The company operates through its LEAP architecture platforms (LEAP 3.0 and LEAP 4.0) enabling advanced features including 800V silicon carbide technology, LiDAR-based autonomous driving, and intelligent cockpit systems. Leapmotor distributes vehicles globally through its Stellantis-partnered joint venture Leapmotor International, which operates across Europe, South America, Asia-Pacific, Middle East, Africa, and Mexico with over 850 sales points. The company also plans to launch a premium brand above 300,000 yuan by 2027.

Differentiator

Problem solved

Functional benefit

Products and services

• T03 Entry-level subcompact city electric hatchback marketed as 'THE CITY SMART CHOICE', designed for urban commuting with compact dimensions and affordable pricing (e.g., €49/month lease in Germany).
• C10 Mid-size intelligent family long-range SUV built on LEAP 3.0 architecture with 800V silicon carbide platform, 81.9 kWh battery, up to 660 km CLTC pure-electric range, and Hesai LiDAR-based intelligent driving; priced 125,800-142,800 yuan in China.
• B10 Compact SUV marketed as 'SIMPLY STRIKING', available in both pure electric and range-extended (EREV) variants; serves as one of Leapmotor's global mass-market models manufactured at Stellantis Zaragoza plant and Goiana plant.
• B05 Affordable electric compact hatchback with up to 482 km WLTP range positioned as an everyday driving vehicle; priced from €25,400 in European markets.
• B03X New A-segment electric hatchback with orders opening in Summer 2026, expanding Leapmotor's affordable EV portfolio.
• C11 Tech luxury sports SUV available in both pure electric and range-extended variants, with LEAP 3.0 architecture, 800V silicon carbide platform, and up to 640 km CLTC range; priced 143,800-159,800 yuan.
• C16 Versatile mid-to-large family SUV with five- and six-seater configurations, 800V silicon carbide platform, dual 5nm Qualcomm Snapdragon chips, and Hesai LiDAR intelligent driving; priced 145,800-169,800 yuan.
• D99 Leapmotor's flagship MPV built on LEAP 4.0 architecture with a Transformable Flagship Cabin featuring rotating second-row zero-gravity seats, stowable third row offering over 11 seating configurations, and a five-screen spatial interaction system.
• Lafa5 Right-hand-drive Leapmotor model scheduled to enter 28 countries, debuted at the 2026 Hong Kong Motor Show to serve Asia-Pacific right-hand-drive markets.

Quantifiable outcome

• First Chinese EV startup to exceed 80,000 monthly deliveries (81,569 in May 2026)
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability6 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered flagship, core and major.

• Stellantis GroupflagshipStrategic or Co-development Partner · 26 October 2023Stellantis invested ~1.5 billion euros to acquire ~20% stake and established joint venture Leapmotor International (51% Stellantis, 49% Leapmotor) in October 2023. The partnership leverages Leapmotor's EV technology and Stellantis' global commercial assets to accelerate international market entry, starting with exports in late 2024. Expanded in 2026 to include joint manufacturing in Spain, co-development of Opel-branded EV SUV, and potential plant transfers to the JV.
• CATL (Contemporary Amperex Technology)coreTechnology or IntegrationCATL supplies lithium iron phosphate batteries for Leapmotor vehicles and is building a 4.1 billion euro battery plant in Aragon, Spain, near Leapmotor's production facilities. CATL is scheduled to start producing battery cells at the nearby factory by year-end 2026, with Leapmotor's battery workshop initially producing LFP batteries for EVs.
• Grimaldi GroupmajorChannel Partner/ Reseller/ DistributorExtended Roll-on/Roll-off logistics partnership between Leapmotor International and Grimaldi Group to scale advanced vehicle supply chain operations between China and Europe. The partnership facilitates EV exports and distribution across the continent using Grimaldi's RoRo shipping capabilities.
• Gotion High-TechcoreTechnology or IntegrationGotion High-Tech is Leapmotor's largest battery supplier from January to April 2026 with 32.2% share of installed capacity exceeding 3 GWh, covering eight key models across the lineup. The partnership provides battery cell and pack supplies for multiple vehicle platforms.
• QualcommcoreTechnology or IntegrationQualcomm supplies SA8295P cockpit chips and Snapdragon processors powering Leapmotor's intelligent cockpit and ADAS systems with up to 200 TOPS computing performance across the C-series lineup.
• Hesai TechnologycoreTechnology or IntegrationHesai Technology supplies LiDAR sensors for Leapmotor's intelligent driving systems, enabling 300-meter detection range and advanced autonomous driving capabilities across the C-series models.
• Cycle & CarriagemajorChannel Partner/ Reseller/ DistributorPartnership with Cycle & Carriage, one of Malaysia's established automotive retail groups, for local assembly of C10 SUV at the Gurun plant in Kedah, Malaysia, with plans to expand to include B10 model.

Scale indicators13 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• BYD: BYD is China's largest NEV manufacturer and Leapmotor's most direct competitor, with comparable BEV and PHEV product portfolios across mass-market segments. Both compete aggressively in European and emerging markets with vertically integrated battery and motor production.
• NIO: NIO is a Chinese premium EV maker with comparable in-house technology (battery swap, autonomous driving) and similar expansion ambitions into Europe. While NIO focuses more on premium positioning, both companies share the full-stack R&D approach and Chinese NEV startup DNA.
• XPeng: XPeng is a Chinese EV startup with strong ADAS technology focus and European expansion plans. Direct competitor in the smart EV segment with overlapping target customers in the mass-to-premium price band.
• Li Auto: Li Auto pioneered the extended-range EV (EREV) category in China, directly comparable to Leapmotor's range-extended C-series models. Both target family SUV buyers with pragmatic powertrain solutions, with Li Auto commanding premium positioning.
• Geely Auto Group: Geely is one of China's largest auto groups with multiple EV brands (Zeekr, Galaxy, Geely) competing directly across price segments. Strong European presence through Polestar and Smart partnerships provides comparable global expansion template.
• MG Motor (SAIC): MG is a Chinese-owned (SAIC) EV brand with established European dealer network and similar affordable EV positioning (e.g., MG4 competes directly with Leapmotor B05). MG's mature European infrastructure sets the benchmark Leapmotor is racing to match.

Broad incumbents

• Tesla: Tesla is the global EV leader and benchmark for the industry. While not a direct competitor in Leapmotor's sub-200,000 yuan segment, Tesla's Model 3/Y pricing in Europe and brand cachet influence the broader EV market dynamics Leapmotor competes within.
• Polestar: Polestar is a premium EV maker under Geely with European manufacturing and distribution. Comparable premium EV positioning with global ambitions, and uses Stellantis-adjacent dealer infrastructure in some markets.
• Stellantis: Stellantis is Leapmotor's largest shareholder (~20%) and JV partner (51% of Leapmotor International). Comparable product portfolio in EVs (Fiat 500e, Peugeot e-208) and is both a strategic partner and a competitor in shared dealer channels and B-SUV segments.

Emerging players

• VinFast: VinFast is an emerging Vietnamese EV maker with global expansion ambitions and similar technology approach (in-house R&D, partnerships with global suppliers). Comparable early-stage international scaling playbook targeting mass-market segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/leapmotor-international
• Xx.com/Leapmotor3
• Facebookfacebook.com/Leapmotor_Malaysia-296978404359658

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds8 records

Investors17 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Leapmotor