In the first quarter of 2026, Leapmotor reported revenue of RMB 10.82 billion, with global deliveries reaching 110,155 units, including 40,901 units exported overseas—accounting for 37.13% of total deliveries. By the end of April, its cumulative deliveries had reached 181,542 units. The company forecasts Q2 sales between 240,000 and 250,000 units, approximately 360,000 units for the first half of the year, around 640,000 units in the second half, and an annual target of 1 million units. In overseas markets, Leapmotor has established approximately 1,000 sales and after-sales service outlets across more than 40 countries in Europe, the Middle East, Africa, and Asia-Pacific, with over 850 located in Europe alone. In Q1 2026, Leapmotor registered 23,300 vehicles across 16 European countries, a year-over-year increase of 726.5%. In Germany, it sold 1,258 units, becoming the top-selling Chinese all-electric brand in the local market. Additionally, Leapmotor is deepening its partnership with Stellantis, planning to take over two factories in Zaragoza and Madrid, Spain, with local production of the Leapmotor B10 model expected to begin as early as 2026. By 2028, the partners aim to mass-produce a new Opel all-electric C-SUV based on Leapmotor’s technical architecture. The two parties are also discussing transferring ownership of the Madrid plant to Leapmotor International. On the product front, Leapmotor has launched models including the A10, Lafa 5, and D series (including the six-seater D19 priced at RMB 269,800). The A05 is set to launch soon, and the B and C series will undergo generational updates. Concurrently, the company continues to ramp up R&D investment, with R&D expenses reaching RMB 1.04 billion in Q1 2026, up 30% year-over-year. Leapmotor confirmed it is preparing a second premium brand, expected to debut as early as late 2026 or 2027, positioned above its current lineup and likely targeting the price segment above RMB 300,000. Currently, D-series models are exclusively sold through over 600 certified stores, supported by a dedicated service system—a channel network that could also underpin operations for the upcoming second brand.