Leapmotor Achieves First Full-Year Profit in 2025 with Nearly 600,000 Vehicles Sold, Aims for 1 Million in 2026

On March 16, Leapmotor Automobile released its 2025 financial results: annual revenue reached RMB 64.73 billion, up 101.3% year-over-year; net profit stood at RMB 540 million, marking the company’s first-ever full-year profitability and making it the second Chinese EV startup to achieve profitability after Li Auto. In 2025, Leapmotor delivered 597,000 vehicles, a 103% increase year-over-year, solidifying its position as the top-selling EV startup in China. Its overseas sales hit 67,000 units—the highest among all Chinese EV startups. The company’s gross margin improved to 14.5%, and its cash reserves amounted to RMB 37.88 billion. Leveraging full-stack in-house R&D, platform standardization, and economies of scale, Leapmotor has effectively controlled costs. For 2026, the company aims to challenge the 1 million annual sales target, planning to launch four new models—including its flagship SUV D19 and its first MPV—and accelerate its global expansion, targeting a doubling of overseas sales. Currently, FAW Group and Stellantis are key shareholders, though the founding team retains controlling ownership.