- Leapmotor's initial 2025 sales target was 500,000 to 600,000 units, which was raised in August to 580,000 to 650,000 units.
- The launch of the Lafa 5 electric hatchback was moved up from November 28 to November 27.
Leapmotor (HKG: 9863) announced today that its year-to-date sales have surpassed 500,000 units, achieving its original 2025 sales target before the upward revision.
The Chinese new energy vehicle (NEV) maker reaffirmed its 2026 target of selling 1 million vehicles and advanced the launch date of its Lafa 5 electric hatchback from the previously announced November 28 to November 27.
"We achieved our 2025 sales target of 500,000 units 45 days ahead of schedule," wrote Zhu Jiangming, the company's founder, chairman, and CEO, in his WeChat status today, according to a screenshot shared by Leapmotor on Weibo.
"With multiple new models including the Lafa 5, D19, and A10 poised for launch, Leapmotor will challenge the 1 million unit sales target next year," Zhu wrote.
The company began pre-sales of the Lafa 5 in China on November 7, to compete in the electric hatchback market against models including the Volkswagen ID.3, SAIC MG4, BYD (HKG: 1211) Dolphin, and Nio Inc (NYSE: NIO) Firefly EV.
The Lafa 5 starts at RMB 105,800 ($14,858) during pre-sales and boasts a CLTC range of up to 605 kilometers.
The company announced at the Lafa 5 pre-sales event that the model would be launched on November 28. However, a poster released by Leapmotor today indicates the launch will occur one day earlier on November 27.
The Stellantis NV (NYSE: STLA)-backed Chinese NEV manufacturer delivered 70,289 vehicles in October, marking its sixth consecutive month of record-high deliveries.
From January to October, Leapmotor delivered 465,805 vehicles, representing a 120.72 percent year-on-year increase.
Zhu said in March that the company's 2025 sales target was 500,000 to 600,000 units.
On August 18, during its first-half 2025 results briefing, the company announced it had raised its full-year 2025 sales target to 580,000 to 650,000 units due to robust sales performance.
In 2026, Leapmotor would aim for annual sales of 1 million units, its management said at the time.
The company achieved a net income of RMB 30 million ($4.2 million) in the first half of 2025, marking its first positive half-year profit.
This makes Leapmotor the second Chinese NEV maker after Li Auto (NASDAQ: LI) to achieve half-year profitability.
