Leapmotor Accelerates Global Expansion with Joint Ventures and Localization, European Sales Surge 726.5% YoY in Q1 2026

In Q1 2026, Leapmotor achieved record-breaking overseas export sales exceeding 40,000 units. Of this, vehicle registrations in 16 European countries reached 23,300 units, surging 726.5% year-over-year. In the 12 EU countries, Leapmotor sold approximately 17,000 all-electric vehicles, ranking first among Chinese pure EV brands. In Italy’s pure electric vehicle market, Leapmotor captured a 33.5% market share, with an even higher retail passenger car channel share of 44.6%. In Germany, Q1 registrations totaled 3,168 units, up 370.7% year-over-year, and cumulative deliveries surpassed 10,000 units by the end of March. Leapmotor has established a joint venture with Stellantis Group called “Leapmotor International,” integrating product, manufacturing, and channel resources to build a global presence across more than 40 countries, supported by approximately 950 overseas sales and service outlets. Its localization strategy includes constructing an SKD (Semi-Knocked Down) assembly plant in Myanmar—delivering its first vehicle just 16 months after signing the agreement—and establishing a European Innovation Center in Munich, Germany, which, together with R&D centers in Hangzhou and Shanghai, forms a globalized development network. On the product front, Leapmotor pursues a multi-powertrain strategy—offering both battery-electric and range-extended models—to tailor offerings to varying energy infrastructures and consumer preferences across markets. The T03 targets Europe’s entry-level segment, while the B10 and C10 cover mainstream price bands. Leapmotor plans to launch two new models overseas in 2026: the B05 (sold domestically as Lafe5) and the B03X (domestically known as A10), further expanding into niche segments. This approach has enabled Leapmotor to systematically strengthen its capabilities in navigating trade barriers, enhancing supply chain resilience, securing policy support, and building local brand trust—marking a strategic shift from simple vehicle exports to a comprehensive globalization model centered on joint ventures, localized manufacturing, and product adaptation.