Leapmotor Reports Q1 2026 Revenue of RMB 10.82 Billion, Global Deliveries Exceed 110,000 Units, Targets 1 Million Annual Sales

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 quarterly deliveries. As of the end of April, the company’s cumulative deliveries stood at 181,542 units. R&D expenditure for the quarter amounted to RMB 1.04 billion, a 30% year-over-year increase. The company forecasts Q2 2026 sales between 240,000 and 250,000 vehicles, bringing first-half sales to approximately 360,000 units. It expects second-half sales of around 640,000 units, targeting one million vehicles for the full year. In overseas markets, Leapmotor has established approximately 1,000 sales and after-sales service outlets across more than 40 countries. In Q1 2026, its vehicle registrations in 16 European countries reached 23,300 units, surging 726.5% year-over-year. In Germany alone, it sold 1,258 units, ranking first among Chinese all-electric brands in the local market. On the product front, Leapmotor has launched multiple models, with the A05 set to debut soon and updates planned for its B and C series. The company also confirmed it is preparing a second premium brand, expected to launch as early as late 2026 or in 2027.