Chinese electric vehicle maker Leapmotor reported a recovery in vehicle deliveries in March, rebounding from weaker performance earlier in the year as it prepares to introduce new models to sustain growth.
The company, backed by Stellantis, delivered 50,029 vehicles in March, representing an increase of 34.87% year-on-year and 78.25% compared with February, according to data released on Wednesday. The result ended a three-month streak of month-on-month declines.
For the first quarter, Leapmotor delivered 110,155 vehicles, up 25.82% from a year earlier but down 45.21% compared with the fourth quarter of 2025. The sequential decline reflected seasonal weakness in China’s auto market, particularly in February when deliveries fell to 28,067 units, coinciding with the Spring Festival holiday period.
To support sales momentum, Leapmotor is advancing its product rollout strategy. The company said it will unveil the Ultra version of its Lafa 5 electric hatchback at the Beijing Auto Show, which opens on April 24.
The Lafa 5, launched in November 2025 with a starting price of 92,800 yuan ($13,500), is positioned as a compact, sporty electric hatchback and has been compared to the electric version of the Volkswagen Golf. The vehicle features rear-wheel drive and has been tuned by Stellantis’ European engineering team, with the upcoming Ultra variant expected to offer higher specifications.
Separately, Leapmotor plans to officially launch its flagship SUV, the D19, on April 16. The model was first introduced in October 2025 and opened for pre-orders in November, although pricing details have yet to be disclosed.
The company delivered nearly 600,000 vehicles in 2025 and reported its first full-year profit, supported by strong revenue growth. Looking ahead, Leapmotor aims to reach annual deliveries of one million vehicles in 2026.
As part of that plan, the automaker intends to launch four new models this year — the A10, D19, A05 and D99 — which it expects will account for around 60% of total sales.