Highlights

• Leapmotor reaches 1 million cars produced in just 343 days after hitting 500,000.

• August 2025 deliveries hit 57,066 units, marking the fourth monthly record in a row.

• 328,859 vehicles delivered in Jan–Aug 2025, a massive 136.43% growth year-on-year.

• Global expansion in partnership with Stellantis targeting Europe, Middle East, and Africa.

• New flagship SUV (D19) launching October 2025 at around RMB 300,000.

• Future roadmap: 13–14 models across all segments, aiming for 4 million sales within a decade.

Leapmotor’s Rapid Growth Journey

Leapmotor, a rising Chinese electric vehicle (EV) maker, has achieved its 1 millionth production milestone in less than six years since its first car rolled off the line in 2019.

The speed of growth is striking:

Milestone	Date	Key Detail
First production car	June 6, 2019	Launch of Leapmotor manufacturing
100,000 cars	June 2022	First major achievement
500,000 cars	October 17, 2024	Took nearly 5 years
1,000,000 cars	September 25, 2025	Achieved in just 343 days

Sales and Deliveries: Setting Records

Leapmotor has been breaking sales records month after month:

• August 2025: 57,066 deliveries, fourth consecutive record month.

• January–August 2025: 328,859 deliveries, 136.43% higher than the same period in 2024.

• September 2025 forecast: Around 63,000 deliveries, with 56,000 in China and 7,000 exports.

Annual performance so far:

Year	Total Deliveries	Growth Rate
2023	111,000+	Base year for rapid scale
2024	293,724	Doubled from 2023
2025 (Jan–Aug)	328,859	Already surpassing full 2024

Product Lineup and Upcoming Models

Leapmotor offers a growing range of electric cars across multiple price points.

Current Models in China:

• T03, B01, B10 – pure battery electric vehicles (BEVs).

• C01, C10, C11, C16 – available as BEVs or extended-range electric vehicles (EREVs).

Upcoming Model:

• D19 Flagship SUV – Global debut in October 2025, priced around RMB 300,000.

Future Expansion:

• 13–14 new models expected within the next three years.

• Coverage across A, B, C, and D segments.

• Pricing range: RMB 60,000 to RMB 300,000 to capture diverse markets.

Global Expansion Strategy

Leapmotor is no longer just a domestic brand. With Stellantis holding a 20% stake, Leapmotor gains direct access to global distribution and expertise.

Global Plans:

• Sales expected in 30+ countries including Europe, Middle East, and Africa.

• 1 million global sales target for 2026.

• 4 million annual sales within the next decade, with 60% expected from outside China.

This move positions Leapmotor as a serious contender in the global EV market, directly competing with BYD, Tesla, and other established brands.

Financial Performance and Profitability

Leapmotor is showing signs of sustainable growth:

• First half of 2025: Reported net profit and strong margins.

• Reason for profitability: In-house development of batteries, electric drives, and vehicle architecture—reducing reliance on suppliers.

• This vertical integration gives Leapmotor cost control and an edge against competition.

Challenges Ahead

While the numbers are impressive, Leapmotor faces hurdles:

• Tough competition from BYD, Tesla, and Chinese startups like Nio, XPeng, and Li Auto.

• Global regulatory barriers in new markets.

• Supply chain risks for batteries and semiconductors.

• Scaling pressures—maintaining quality and service during rapid expansion.

Why This Matters for Nepal

Nepal’s EV market is growing rapidly with government incentives and rising consumer demand for affordable electric cars. Leapmotor’s aggressive pricing (RMB 60,000–300,000) and global expansion strategy mean we could soon see Leapmotor EVs entering South Asian markets, including Nepal.

For Nepali buyers, this could mean:

• Cheaper EV alternatives compared to established brands.

• More options across vehicle types—from compact cars to SUVs.

• Competition driving down prices, making EV adoption easier.

Conclusion

Leapmotor’s achievement of 1 million cars produced in record time signals its arrival as a major global EV player. With strong sales growth, global partnerships, upcoming models, and cost advantages, the company is set to challenge industry leaders.

For Nepal, Leapmotor’s entry could add new affordable EV choices and accelerate the shift toward cleaner mobility.