Leapmotor

FAW acquired a 5 percent stake in Leapmotor, marking a rare instance of a Chinese state-owned automaker investing in a NEV startup.

The Leapmotor D99 will offer both BEV and EREV options, with the EREV variant featuring an 80.3-kWh battery pack.

Leapmotor aims to achieve annual sales of four million vehicles in the next decade and become a respected world-class smart EV maker.

Leapmotor is on track to achieve annual profitability in 2025 with full-year sales approaching 600,000 units, its CEO said while celebrating its 10th anniversary.

Leapmotor has equipped the D19 cabin with zero-gravity seats, a large-capacity refrigerator, and multiple large screens.

Leapmotor's founder and his concerted party have again increased their holdings in the company by HK$108.6 million ($14 million).

This marks Leapmotor's seventh consecutive month of record monthly deliveries, bringing its January-November total to 536,132 vehicles.

The Lafa 5's limited-time starting price is RMB 92,800 ($13,100), representing a 12.29 percent reduction from its pre-sales price.

Leapmotor launched the C10 and B10 SUVs in Brazil and Chile, and showed the C16 SUV at the São Paulo auto show.

The Leapmotor A10 will be priced below RMB 100,000 ($14,060) and begin deliveries in the first half of next year.