Leapmotor Turns Profitable in 2025 with RMB 540 Million Net Income, Driven by Sales, Cost Control, and Diversified Revenue

Leapmotor achieved its first full-year profitability in 2025, reporting a net profit of RMB 540 million—an improvement of RMB 33.6 billion compared to the previous year. Full-year revenue reached RMB 64.73 billion, up 101.3% year-over-year. This profitability stems from multiple synergistic factors: the company delivered 596,600 vehicles in 2025, a 103.1% increase year-over-year, securing the top spot among Chinese EV startups in sales volume. Its B- and C-series models continued strong sales momentum in the RMB 100,000–200,000 price segment, while the newly launched Lafa 5 surpassed 20,000 units sold within three months of its debut. Leapmotor’s gross margin improved to 14.5%, supported by an in-house R&D and manufacturing ratio for core components exceeding 65%, which effectively controlled costs. Additionally, service and other revenue totaled RMB 2.72 billion, overseas exports reached 67,000 units, and carbon credit trading contributed approximately RMB 1 billion in revenue. The company generated RMB 7.82 billion in free cash flow, demonstrating its robust self-sustaining capability.