Leapmotor Technology Reports First-Half Profit

Leapmotor Technology, a Chinese company, has reported its first-ever profit in H1, driven by strong sales of electric vehicles, including the smart battery electric vehicle T03, smart electric SUV C11, and smart electric sedan C01. The company mainly conducts business in the domestic market and is also engaged in the research and development, manufacturing, and sales of new energy vehicles, as well as electric, ignition, and fuel core components.

Zhejiang Leapmotor Technology Co., Ltd. has reported its first-ever half-year profit, driven by robust sales of its electric vehicles (EVs) in the domestic market. The company, which is engaged in the research, development, manufacturing, and sales of new energy vehicles, as well as electric, ignition, and fuel core components, reported a net income of RMB 330 million for the first half of 2025.

Leapmotor's smart battery electric vehicle T03, smart electric SUV C11, and smart electric sedan C01 were the key contributors to the company's strong performance. These models, along with other pure electric vehicles and extended-range vehicles, have gained significant traction among Chinese consumers [1].

The company's success is part of a broader trend in China's EV market, where competition is heating up as consumers seek value for money. Leapmotor, along with other startups like Xpeng, has been reporting record sales and stock gains, making it a formidable player in the market [2].

Leapmotor's international expansion plans, which include a partnership with Stellantis, are also expected to drive future growth. The joint venture, Leapmotor International, aims to launch the T03 and C10 models in Europe by 2024, leveraging Stellantis' global distribution network [3]. This strategic move is a significant step in Leapmotor's global expansion, positioning the company to capitalize on the accelerating global EV transition.

Despite the challenges posed by the competitive EV market, Leapmotor's strong domestic performance and strategic international expansion plans suggest a promising future for the company. As the EV market continues to evolve, Leapmotor's ability to deliver cost-competitive, tech-forward vehicles is likely to be a key factor in its success.

References:
[1] https://www.marketscreener.com/news/zhejiang-leapmotor-technology-posts-h1-adjusted-net-income-rmb-330-mln-ce7c51dfd18bf323
[2] https://stockanalysis.com/quote/hkg/9863/
[3] https://www.ainvest.com/news/leapmotor-global-expansion-stellantis-high-conviction-ev-play-2025-2508/