Leapmotor reported a significant milestone in May, delivering 18,165 vehicles, marking a year-to-date high and coming close to its all-time high at the end of last year. This figure represents a robust 50.65% increase year-on-year and a 21.06% increase from April’s deliveries of 15,005 vehicles.
In the January-May period, Leapmotor delivered a total of 66,580 vehicles, reflecting an impressive 112.76% year-on-year growth rate.
See also: Leapmotor Restructures Operations, Disbands Overseas Team Following Stellantis Joint Venture
The company’s two SUV models, the C11 and C10, were the top performers in May, accounting for 11,992 units or 66.02% of total deliveries.
Founded in 2015, Leapmotor offers a range of models, including the C11, C10, mini EV T03, and flagship sedan C01.
At the Beijing auto show in late April, Leapmotor unveiled its latest SUV model, the C16, and began pre-sales. The company announced that the C16 is expected to be priced at under 200,000 yuan ($27,600) for the top trim and will go on sale this month.
See also: Leapmotor International Joint Venture Launched, Bringing EVs in Europe in September
Initially focused on battery electric vehicle (BEV) models, Leapmotor has expanded its offerings in recent years to include extended-range electric vehicle (EREV) models, aiming to tap into the larger market for plug-in hybrids.
In a significant development, on October 26, 2023, Leapmotor announced that Stellantis would invest 1.5 billion euros ($1.6 billion) in the company, acquiring a stake of about 20%, making it the largest outside shareholder in the EV maker.
The partnership between Leapmotor and Stellantis has led to the creation of Leapmotor International, a joint venture with Stellantis holding a 51% stake and Leapmotor holding the remaining 49%. Leapmotor International was officially launched on May 14 this year and is set to begin selling vehicles in Europe from September.
