- Leapmotor's full-year 2025 deliveries reached 596,555 units, a 103.10 percent increase year-on-year.
- Leapmotor's December deliveries declined by 14.08 percent compared to November.
Leapmotor (HKG: 9863) saw year-on-year growth in last month's deliveries, though they declined compared to November as China's auto market unexpectedly weakened toward year-end.
The company delivered 60,423 vehicles in December, a 42.11 percent increase year-on-year but a 14.08 percent decrease from November, according to data released today.
In the fourth quarter, Leapmotor delivered a record 201,039 vehicles, a 66.34 percent increase year-on-year and a 15.64 percent increase quarter-on-quarter.
The company delivered 596,555 vehicles for the full year 2025, marking a 103.10 percent year-on-year increase.
| Year | Deliveries |
|---|---|
| 2019 | 1,037 |
| 2020 | 8,050 |
| 2021 | 43,121 |
| 2022 | 111,168 |
| 2023 | 144,155 |
| 2024 | 293,724 |
| 2025 | 596,555 |
It aims to achieve 1 million annual sales in 2026 and reach four million vehicles sold annually in the next decade.
Leapmotor experienced robust sales growth in 2025, positioning it as one of China's financially strongest new electric vehicle manufacturers.
On December 24, the company's founder, chairman, and CEO Zhu Jiangming said in an internal letter that Leapmotor was expected to achieve annual profitability in 2025.
Its third-quarter net income reached RMB 150 million ($21.4 million), marking its second consecutive profitable quarter.
In the first quarter 2025, it recorded a net loss of RMB 130 million amid industry-wide weakness at the start of the year.
Leapmotor is a Chinese EV maker backed by Stellantis NV (NYSE: STLA), which invested €1.5 billion in 2023 to acquire about 20 percent equity, becoming its largest external shareholder.
On December 29, Leapmotor announced a RMB 3.74 billion investment from China FAW Group, which acquired a 5 percent stake.
Following this investment, Stellantis NV's latest stake in Leapmotor stands at 18.99 percent.
($1 = RMB 6.9937)
