Leapmotor's higher-priced C-series models contributed more than 83 percent of April deliveries.
Leapmotor saw significant sequential sales growth last month, and most importantly, the higher-priced models are starting to dominate sales.
The electric vehicle (EV) maker delivered 8,726 vehicles in April, down 3.97 percent from 9,087 a year ago, but up 41.38 percent from 6,172 in March, according to data released today.
Leapmotor did not release model-specific breakdown sales figures, but said the higher-priced C-series models contributed more than 83 percent of deliveries.
The company's full lineup is in the process of accelerating deliveries, it said.
Founded in 2015, Leapmotor's models on sale include the minivan T03, the coupe sports model S01, the flagship SUV model C11, and the flagship sedan C01.
The company's previous sales were mainly contributed by the cheap EV T03, which led Leapmotor to be seen as a budget EV maker.
The T03 currently has a starting price range of RMB 59,900 ($8,670) to RMB 89,900, the C11 extended-range electric vehicle (EREV) is RMB 149,800 to RMB 185,800, the C11 battery electric vehicle (BEV) is RMB 155,800 to RMB 219,800, and the C01 is RMB 149,800 to RMB 228,800. The Leapmotor website does not currently show prices for the S01.
As of June 30, 2022, Leapmotor had delivered a cumulative total of 79,220 T03s, 2,729 S01s, and 22,880 C11s, according to its Hong Kong IPO prospectus published in September 2022.
The C11 BEV, which was launched on September 29, 2021, and the C01, which was launched on September 28, 2022, are Leapmotor's flagship models, targeting the RMB 150,000 to 300,000 range.
On March 1, Leapmotor officially launched the C11 EREV, with hopes that the model will target a larger market than BEVs and thus turn around its weak sales performance.
($1 = RMB 6.9121)
Leapmotor would have to sell at least 400,000 units a year to break even, CEO says
More From CnEVPost
