Leapmotor Sets New Quarterly EV Sales Record as BYD Sales Decline.

Leapmotor, a Chinese EV manufacturer backed by Stellantis, has delivered over 100,000 EVs for the fourth consecutive quarter. In contrast, BYD's sales have declined. Leapmotor's in-house production of components like batteries and powertrains gives it a competitive advantage, leading to higher margins. Other EV makers like Tesla and Volkswagen rely on external battery suppliers.