Tuesday, August 19, 2025

Leapmotor posts first half-yearly revenue, targets a million gross sales in 2026

Stellantis Group’s Chinese language companion Leapmotor circled a loss within the first half of final yr to put up a ¥30 million (A$6.5m) revenue for the primary six months (H1) of 2025.

The result’s a marked turnaround from a ¥2.2 billion (A$4.7bn) loss over the identical interval final yr, with an working revenue of 14.1 per cent being the very best because the firm was fashioned in 2015.

It’s solely the second Chinese language automotive start-up to put up a half-yearly revenue after Li automobile – which isn’t current in Australia – introduced a ¥11.8 billion ($A2.55bn) revenue within the first half of 2024 and continues to function profitably.

Leapmotor bought greater than 50,000 autos in a month for the primary time in July 2025 and has elevated its world gross sales goal for 2025, from 290,000 to 500,000 gross sales, because it units its sights on its first full-year revenue.

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Above: Leapmotor C10

Leapmotor launched in Australia in late 2024 with its C10 mid-size SUV, which was initially launched as an electrical automobile (EV) after which joined by an extended-range electrical automobile (EREV) powertrain possibility dubbed as REEV.

To the tip of July this yr, Leapmotor has bought 352 examples of the C10, which is presently priced from $43,888 drive-away (C10 REEV) and $45,888 drive-away (C10 EV).

It’s anticipated to verify a second mannequin for its native lineup, the B10 electrical SUV, which might land right here by the tip of 2025.

In Europe, its hottest mannequin is the Polish-made T03 electrical metropolis automobile – not confirmed for Australia – priced round £16,000 ($A33,450), making it one of the vital reasonably priced EVs on sale.