Source: Leapmotor

Leapmotor reported that its year-to-date sales surpassed 500,000 vehicles in mid-November 2025, completing its original annual target 45 days early and bringing forward the launch of its Lafa 5 hatchback to November 27.

The company reaffirmed its 2026 goal of reaching 1 million annual vehicle sales, supported by upcoming models including the Lafa 5, D19, and A10.

Source: Leapmotor

Leapmotor entered the year with a target of 500,000 to 600,000 units and raised the range to 580,000 to 650,000 after stronger-than-expected results.

The company has delivered eight consecutive months of growth since March 2025, leading China’s new-energy newcomer market throughout that period. September sales exceeded 60,000 units and October deliveries reached 70,289, marking the sixth straight record month.

Deliveries from January to October totaled 465,805 units, up 120.72 percent year-on-year. The company linked the performance to delivery efficiency improvements above 30 percent in early 2025 and factory automation rates above 80 percent.

Leapmotor has also accelerated its overseas expansion through its partnership with Stellantis NV, building a network of more than 700 retail points across 35 countries including Germany, France, Italy, and Spain.

Exports exceeded 44,000 units in the first 10 months of the year. The company plans to establish its first European manufacturing site by 2026 to reduce logistics costs and increase product localization.

Source: Leapmotor

The Lafa 5 launch was advanced from November 28 to November 27. Pre-sale pricing starts at 105,800 CNY (c. $14,900) and extends to 131,800 CNY (c. $18,600). Pre-sales opened on November 7, with the model positioned against the Volkswagen ID.3, SAIC MG4, BYD Dolphin, and NIO Firefly.

The electric hatchback offers a CLTC range of up to 605 km (376 miles) and is expected to accelerate from 0–100 km/h in under six seconds. It incorporates an L2+ driver-assistance system, an OTA-enabled cockpit, and the company’s new electric powertrain architecture built on the LEAP platform, which supports 800-V fast charging.

Leapmotor continues to focus on in-house development of core systems, including batteries, motors, and controllers. Its supply-chain strategy emphasizes diversified sourcing and increased vertical integration to manage fluctuations in raw material and semiconductor availability.

Quality control across component and vehicle stages has been a central factor in reducing aftersales risk and stabilizing customer satisfaction.

The company reported a net profit of 30 million CNY (c. $4.2 million) in the first half of 2025, its first profitable half-year and the second instance among Chinese EV startups after Li Auto.

As Leapmotor scales production and expands abroad, questions remain around how it will balance cost control, product cadence, and international demand while targeting 1 million annual sales in 2026.

Conversion rate: 1 USD = 7.099 CNY as of November 16, 2025