Leapmotor

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.

Leapmotor delivered 33,767 vehicles in September, marking the second consecutive month of more than 30,000 units and the fourth consecutive record month.

The B10 SUV, the first global model of Leapmotor's new B platform, will make its official debut at the Paris auto show, which opens on October 14.

Leapmotor International plans to increase its global sales outlets to 350 in the fourth quarter, including more than 200 in Europe.

Leapmotor delivered 30,305 vehicles in August, surpassing the 30,000 mark for the first time. Its new model C16 delivered more than 8,000 units in August.

Leapmotor executives, including the CEO, plan to increase their holdings of the company's Hong Kong-traded shares by up to RMB 300 million ($42 million) over a six-month period.

Leapmotor plans to complete the spin-off of its vehicle intelligence systems teams and set up a separate company by the end of this year, according to local media.

Despite improved gross margin, Leapmotor's losses continued to widen in the second quarter as it saw record quarterly R&D investments.