Leapmotor (HKG: 9863) reported deliveries of 25,287 vehicles in February, marking a 285% increase from 6,566 units in the same period last year, though remaining largely unchanged from Januaryās 25,170 units. The figures reflect strong year-on-year growth, despite the seasonal impact of the Chinese New Year holiday, which ran from January 28 to February 4 this year.
In the first two months of 2024, Leapmotor delivered 50,457 vehicles, representing a 167.78% increase from the 18,843 units recorded during the same period in 2023.
See also: Leapmotor Launches Updated T03 Compact EV with Higher Starting Price
For the full year 2023, the company delivered 293,724 vehicles, more than doubling its sales with a 103.76% year-on-year increase. Looking ahead, Leapmotor has set an ambitious target of delivering 500,000 vehicles in 2025.
Founded in 2015, Leapmotor was among the early entrants in Chinaās new energy vehicle sector, initially focusing on battery electric vehicles (BEVs) before expanding into extended-range electric vehicles (EREVs) to tap into a broader market. Its current lineup includes the T03, C01, C10, C11, and C16, with all models except the T03 offering both BEV and EREV variants.
See also: Leapmotor Expands to 450 Outlets Across 14 European Countries, Raises Target to 600
On February 21, Leapmotor introduced an updated version of the T03, available in two variants priced at RMB 59,900 ($8,220) and RMB 69,900.
Additionally, the company is set to begin pre-sales of the B10 SUV on March 10. The B10, built on the new Leap 3.5 architecture, is the first model in Leapmotorās B-series, signaling the automakerās ongoing product expansion.
See also: Leapmotorās B10 SUV to Feature Smart Driving Capabilities, Set for Pre-Sales in March
