Leapmotor Boosts Zhejiang Sales Subsidiary's Registered Capital to RMB 850 Million

Recently, Zhejiang Leapmotor Automobile Sales & Service Co., Ltd. completed a business registration amendment, significantly increasing its registered capital from RMB 200 million to RMB 850 million—an increase of 325%. According to data from Qichacha, the company was established in 2018 as a wholly-owned subsidiary of Leapmotor, primarily responsible for automobile sales and after-sales services. This capital injection likely aims to strengthen its sales network and service capabilities, further supporting Leapmotor's expansion strategy in the new energy vehicle market.