Leapmotor Achieves Record Sales Surge: What It Means for the EV Market
Summary
- New Sales Record: Leapmotor reported a significant sales increase, achieving 16,000 vehicles in the last week of September.
- Rapid Growth: The company delivered a historic total of over 57,000 vehicles in August, marking an 88% year-on-year increase.
- Positive Financials: For the first time, Leapmotor posted a semi-annual net profit, affirming its position as a key player in the Chinese EV market.
Leapmotor, a prominent player in the electric vehicle (EV) sector, announced on September 30 that it achieved remarkable sales figures, with 16,000 units sold in the last week of the month. This marks a 24% increase from the previous month, positioning Leapmotor likely as the leader among new automotive entrants in the competitive landscape.
The COO of Leapmotor, Xu Jun, shared this exciting news via Weibo, emphasizing not only the surge in sales but also the continued upward trajectory the company is experiencing. Last week alone, the brand secured 11,000 new orders, underscoring the growing consumer demand for their innovative electric vehicles.
In a significant milestone, Leapmotor celebrated the production of its one-millionth vehicle on September 25, achieving this feat in just 343 days after reaching the 500,000 mark. This rapid growth is indicative of the brand’s increasing appeal and operational efficiency, solidifying its position within the fast-evolving EV market.
The company also announced an ambitious projection for the remainder of 2025. Originally targeting annual sales between 500,000 and 600,000 units, Leapmotor has now expanded its goal to 580,000 to 650,000 units, aiming to challenge the monumental target of one million units in the coming year.
Historic Growth Milestones
Key dates marking Leapmotor’s rapid expansion include:
- June 6, 2019: Company inception.
- June 28, 2022: Reached 100,000 units sold.
- October 17, 2024: Surpassed 500,000 units.
- September 25, 2025: Celebrated production of its one-millionth vehicle.
Financial Performance
Leapmotor’s financial health has also seen positive developments. The 2025 semi-annual financial report indicates a net profit of RMB 30 million, marking the first time the company has achieved quarterly profitability. This accomplishment positions Leapmotor as the second Chinese new energy vehicle manufacturer to report a profit in its semi-annual financial period, a milestone that reinforces investor confidence and market stability.
The latest delivery data from August highlighted a record high of 57,066 vehicles delivered, representing a staggering 88% increase year-on-year. This places Leapmotor in a commanding position as a leading entity among new automotive makers in a rapidly expanding market.
Conclusion
Leapmotor’s impressive sales figures and financial performance reflect a broader trend of increasing consumer acceptance of electric vehicles in China. The company’s ambition to achieve one million units in sales next year signals not only its operational success but also the growing importance of the EV sector in global automotive markets.
As rival manufacturers ramp up competition, Leapmotor’s continued focus on innovation and quality will likely play a crucial role in shaping the future of electric mobility. With its sights set on ambitious targets, the company is poised to remain a key player in transforming the automotive landscape.
