- In the first quarter, Leapmotor delivered 87,552 vehicles, a year-on-year increase of 162.05 percent.
- Leapmotor will officially launch the B10 on April 10. The SUV model is the first global model in its B series.
Leapmotor (HKG: 9863) saw a surge in deliveries last month as the slow season at the beginning of the year gradually passed.
The Chinese new energy vehicle (NEV) maker delivered 37,095 vehicles in March, up 154.65 percent from 14,567 in the same period last year and up 46.70 percent from 25,287 in February, according to data it released today.
In the first quarter, Leapmotor delivered 87,552 vehicles, a year-on-year increase of 162.05 percent.
As of the end of March, Leapmotor's cumulative deliveries since its inception stood at 687,100 vehicles, according to data compiled by CnEVPost.
Leapmotor's first global model in the B series, the B10, is set to be officially launched on April 10, the company emphasized in a poster on Weibo.
Leapmotor began pre-sales of the B10 compact SUV (sport utility vehicle) on March 10, with prices starting at RMB 109,800 yuan ($15,120).
Shortly after pre-sales of the all-electric model began, Leapmotor said it had received more than 15,010 pre-orders in one hour, with 73 percent of those for the LiDAR-equipped variants.
In a media interview after the B10 pre-sales event, Leapmotor management said that the company's C-series models have already achieved monthly sales of more than 40,000 units, and the future B-series models will be even higher.
Leapmotor was confident that it would see monthly sales of more than 40,000 units for the B-series models, the company said. In addition to the B10, it will launch more B-series models this year.
Leapmotor's sales target for 2025 is 500,000 to 600,000 vehicles, its founder, chairman and CEO Zhu Jiangming said on March 11.
The company delivered 293,724 vehicles in 2024, an increase of 103.76 percent compared to 2023.
Leapmotor saw quarterly profitability in the fourth quarter of 2024, with record deliveries and an improved gross margin as a result of product mix optimization.
($1 = RMB 7.2614)
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