Leapmotor

Leapmotor has rolled out two new BEV variants for the C16 SUV, which are more expensive but bring a larger battery pack.

For the full year 2024, Leapmotor delivered 293,724 vehicles, above its target of 250,000 units.

This is Leapmotor's sixth consecutive month of record deliveries, meeting its annual target of 250,000 vehicles ahead of schedule.

Leapmotor has signed a cooperation agreement with Myanmar's NPK Motor to assemble vehicles on a KD (Knocked Down) model in the Southeast Asian country.

The B10 is the first model in Leapmotor's B-series, which has two other models coming in 2025.

Leapmotor is targeting sales of 500,000 vehicles for the full year in 2025, with a gross margin of more than 10 percent, its management said.

Leapmotor said it expects to exceed its full-year sales target of 250,000 units this year, with gross margin lifting further and net losses narrowing in the fourth quarter.

Leapmotor's single-month order book for October exceeded 42,000 vehicles, also a record high, with more than 10,000 new orders for the C10, C11 and C16 models.

Stellantis-backed Leapmotor saw its 500,000th production vehicle roll off the assembly line, as its growth accelerated significantly this year.

The B10 will target the RMB 100,000 ($14,110) to RMB 150,000 price range in China and will go on sale globally next year.