Company:Leapmotor

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Zhejiang Leapmotor Technology Co., Ltd.
TypePublic
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IndustryAutomotive
FoundedDecember 2015; 10 years ago (December 2015)
FounderFu Liquan, Zhu Jiangming
HeadquartersHangzhou, Zhejiang, China
Key people
Zhu Jiangming (chairman and CEO)[1]
ProductsAutomobiles
Production output
Increase 293,724 vehicles (2024)
RevenueIncrease HK$ 18.14 billion (2023)[2]
Increase HK$ –4.57 billion (2023)[2]
OwnerStellantis (20%)
Number of employees
9,310 (2024)[2]
SubsidiariesLeapmotor International (49%)
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Websitewww.leapmotor.com

Zhejiang Leapmotor Technology Co., Ltd., trading as Leapmotor (Chinese: 零跑汽车; pinyin: Língpǎo Qìchē; literally: 'Leap car'), is a Chinese startup automobile manufacturer headquartered in Hangzhou, China, specializing in developing electric vehicles. The company was founded in 2015, and sold its first vehicles in 2019. In 2023, Stellantis acquired a 20 percent stake of Leapmotor, and started to sell Leapmotor vehicles in parts of Europe in 2024.

History

Zhu Jiangming in 2023

In December 2015, Dahua Technology, together with controlling shareholder Fu Liquan and director Zhu Jiangming, founded Zhejiang Leapmotor Technology Co., Ltd. Fu Liquan and Zhu Jiangming are also co-founders of Dahua Technology. In March 2017, the Leapmotor brand was officially launched.[3]

In November 2017, Leapmotor released its first product, the Leapmotor S01.[4] On June 13, 2018, at CES Asia, Leapmotor announced that the first domestically made artificial intelligence (AI) chip, dubbed "Lingxin 01", has entered the integration verification phase. The AI chip was co-developed by Leapmotor and Zhejiang Dahua Technology Co., Ltd (Dahua Technology), and was expected to be tested on vehicles in the second quarter of 2019. The Lingxin 01 is designed for autonomous vehicles, and features the capability of deep learning and leading computing power.[5] The company vertically integrates high margin components by developing and building its own components such as electric traction motors, vehicle CPU, and LED lighting.[6]

In October 2018, Leapmotor announced plans to roll out 3 new models over the span of 2018 to 2021, including the S01, the T03 and the C11, based on the S, T and C vehicle platform respectively.[7]

In June 2019, the first product, the Leapmotor S01 electric 2-door coupe, is launched on the Chinese market. A prototype was shown at the 2017 Guangzhou Auto Show. At that time, the company had raised RMB 380 million in capital, and construction of the factory had started. The S01 was initially shown as the LP-S01 coupe earlier in 2018.[8] The first deliveries occurred of the S01 in June 2019.[9][10]

On May 11, 2020, Leapmotor officially launched its second mass-production EV, the Leapmotor T03 electric city car. The vehicle was launched with a total of 3 models, the price range after subsidy is 65,800-75,800 yuan (~US $9,280 – US $10,691). The Leapmotor T03 is equipped with a battery pack with a capacity of 36.5 kWh, and a 403 km (250 mi) NEDC cruising range.[11]

The Leap 3.0 Architecture platform showcased at the Auto Guangzhou 2023

In November 2020, Leapmotor officially launched the third mass-production EV, the Leapmotor C11 electric crossover, based on the 2019 C-More concept. The C11 is powered by dual electric motors jointly rated at 400 kW (536 hp) and 720 N⋅m (73.4 kg⋅m; 531 lb⋅ft) of torque. The Leapmotor C11 have around 600 km (373 mi) of driving range.[12]

Products

Current models

Image Name Introduction
(cal. year) 		Vehicle description
Cars
180x180px T03 March 2020[11] City car, BEV
180x180px Lafa 5/B05 September 2025[13] Compact hatchback, BEV[14]
180x180px B01 April 2025[15] Compact sedan, BEV
180x180px C01 May 2022[16] Mid-size sedan, EREV/BEV
SUV
180x180px B10 October 2024[17] Compact SUV, BEV
180x180px C10 September 2023[18] Mid-size SUV, EREV/BEV
180x180px C11 December 2020[19] Mid-size SUV, EREV/BEV
180x180px C16 April 2024[20] Full-size SUV, EREV/BEV

Upcoming models

Name Expected introduction Vehicle description
D19 October 2025[21] Full-size SUV, ERRV[22][23][24]
D21 Mid 2026 MPV[23]
A10 2026 Subcompact crossover SUV[14]
A05 2026, after A10 Subcompact hatchback[14]

Discontinued models

Image Name Introduction
(cal. year) 		Discontinued Vehicle description
Cars
180x180px S01 June 2019 2021 compact sport car, BEV

Concept vehicles

Image Name Introduction
(cal. year) 		Vehicle description
180x180px C-More April 2019[25] Mid-size crossover SUV.

Sales

A Leapmotor showroom in Shenzhen
Year Sales
2019 1,000
2020 11,391[26]
2021 43,121[27]
2022 111,168[27]
2023 144,155[28]
2024 293,724[29]

Partnerships

FAW Group

In May 2020, Leapmotor and state-owned Chinese automaker FAW forged a strategic partnership to jointly develop intelligent electric vehicle models. The agreement also involves the joint cooperation on R&D, manufacture, production and application of intelligent electric vehicle core parts, and the further research on the development of key basic technologies and the innovation of production measures.[30]

In August 2023, FAW-VW, a joint venture between FAW and Volkswagen Group, entered discussions with Leapmotor to explore the potential acquisition of a platform for manufacturing new electric cars under the Jetta brand, specifically tailored for the Chinese market.[31]

In March 2025, FAW Group and Leapmotor signed the MOU on strategic cooperation, under which the two parties will jointly develop passenger vehicles and collaborate on auto parts. [32][33]

In April 2025 at the Auto Shanghai, Zhu Jiangming, Chairman of Leapmotor, revealed that the two companies have finalized their partnership and will jointly develop a model for the Hongqi brand targeting overseas markets. Mass production of the new vehicle is set to begin in the second half of 2026 at Leapmotor's Hangzhou plant. The new Hongqi model will be built on the same platform as Leapmotor B10 with both battery electric and range-extender powertrain. [34]

Stellantis

In October 2023, Stellantis acquired a 20% stake in Leapmotor for €1.5 billion.[35] As part of the agreement, Leapmotor International, a joint venture 51% owned by Stellantis and 49% owned by Leapmotor, was established to handle distribution and production of Leapmotor cars outside China, supporting the company's expansion plans, notably in Europe.[36][37]

In February 2024, Reuters reported that Stellantis was exploring the possibility of producing a Leapmotor model at its Mirafiori plant in Turin, Italy.[38] In June, production of the Leapmotor T03 city car began at its plant in Tychy, Poland.[39] In November, as Poland voted in line with EU tariffs on Chinese-made EVs, production of T03 in the country was already put under question.[40] It was also reported that Leapmotor International and Stellantis have cancelled the plan of manufacturing the B10 model in Poland and decided to move its production to Slovakia and Germany.[41] In March 2025, T03 production in Poland ended.[40]

In May 2024, it was announced that Leapmotor International would launch the brand in Europe through Stellantis' dealer network from September 2024, covering Belgium, France, Italy, Germany, Greece, the Netherlands, Romania, Spain, Portugal and other countries. Starting from the fourth quarter of 2024, Leapmotor International will enter India and the Asia-Pacific , the Middle East and Africa (Turkey, Israel, French Overseas Territories) and South America (Brazil, Chile). Six new models will be introduced starting in 2025 with the T03 and C10 launched first. In the next three years, Leapmotor International will launch at least one new model every year.[42][43]

In October 2025, it was reported that Stellantis' Opel brand was working on a compact crossover SUV based on the Leapmotor B10 for the European market. Stellantis is reportedly considering producing it in its plant in Zaragoza, Spain.[44]

See also

References

  1. ↑ "Leapmotor International Begins Operations to Expand Global Electric Vehicle Sales Starting September 2024 in Nine European Countries, Followed by Other Key Growth Regions". https://www.stellantis.com/en/news/press-releases/2024/may/leapmotor-international-begins-operations-to-expand-global-electric-vehicle-sales-starting-september-2024-in-nine-european-countries-followed-by-other-key-growth-regions?adobe_mc_ref=. 
  2. ↑ 2.0 2.1 2.2 "Zhejiang Leapmotor Technology Co Ltd, 9863:HKG profile". markets.ft.com (Financial Times). 2024-02-23. https://markets.ft.com/data/equities/tearsheet/profile?s=9863:HKG. 
  3. ↑ 梁薇 (2017-03-17). "起底大华股份造车始末 零跑汽车明年亮相". 每日经济新闻. https://www.nbd.com.cn/articles/2017-03-17/1086073.html. Retrieved 2023-10-26. 
  4. ↑ 鄂智超 (2017-11-11). "零跑首款电动轿跑车S01亮相 未来规划三个整车平台". 人民网. http://auto.people.com.cn/n1/2017/1111/c1005-29640274.html. Retrieved 2023-10-26. 
  5. ↑ "Leapmotor announces China's first homegrown autonomous driving AI chip". June 14, 2018. https://autonews.gasgoo.com/china_news/70014765.html. 
  6. ↑ "The Big Read: Story of Leapmotor". 14 November 2021. https://carnewschina.com/2021/11/14/the-big-read-story-of-leapmotor/. Retrieved 3 June 2022. 
  7. ↑ "Leapmotor to roll out 3 new models over next 3 years". October 24, 2018. https://autonews.gasgoo.com/china_news/70015294.html. 
  8. ↑ "Leap Motor LP-S01 – chiński elektryczny samochód sportowy [FOTO • SAMOCHODY ELEKTRYCZNE"]. November 10, 2017. https://elektrowoz.pl/auta/leap-motor-lp-s01-chinski-elektryczny-samochod-sportowy-foto/. 
  9. ↑ "Startup LeapMotor kicks off delivery of the S01 all-electric coupe on June 28". http://autonews.gasgoo.com/Detail2020.aspx?ClassId=7&ArticleId=70016098. 
  10. ↑ "Leapmotor's First Coupe EV S01 Start to Deliver". July 1, 2019. https://www.chinapev.com/ev-2/leapmotor/leapmotors-first-coupe-ev-s01-start-to-deliver/. 
  11. ↑ 11.0 11.1 "Chinese EV Startup Leapmotor Listed its 2nd EV, Leapmotor T03 goes on market". May 12, 2020. https://www.chinapev.com/ev-2/leapmotor/chinese-ev-startup-listed-its-2nd-ev-leapmotor-t03-goes-on-market/. 
  12. ↑ "Meet the Leap C11, a dual-motor e-SUV slated for Guangzhou show premiere". November 1, 2020. https://www.formacar.com/en/news/view/30636.html. 
  13. ↑ "2025慕尼黑车展：零跑Lafa5首发亮相 零跑B10正式交付_车家号_发现车生活_汽车之家" (in zh-CN). https://www.autohome.com.cn/news/202509/1308859.html#pvareaid=102624. 
  14. ↑ 14.0 14.1 14.2 Lim, Anthony (2025-05-08). "Leapmotor to launch B05 EV hatchback end-2025, B-segment A10 SUV and A05 hatch to debut in 2026" (in en-US). https://paultan.org/2025/05/08/leapmotor-to-launch-b05-ev-hatchback-end-2025-b-segment-a10-suv-and-a05-hatch-to-debut-in-2026/. 
  15. ↑ "2025上海车展：零跑B01正式发布 将于6月开启预售，7月正式上市_车家号_发现车生活_汽车之家" (in zh-CN). https://www.autohome.com.cn/news/202504/1305574.html#pvareaid=103453. 
  16. ↑ Zhang/CnEVPost, Phate (2022-05-11). "Leapmotor unveils C01 sedan with cell to chassis technology" (in en-US). https://cnevpost.com/2022/05/11/leapmotor-unveils-c01-sedan-with-cell-to-chassis-technology/. 
  17. ↑ "2024巴黎车展：零跑B10迎来全球首发_车家号_发现车生活_汽车之家" (in zh-CN). https://www.autohome.com.cn/news/202410/1301080.html#pvareaid=103453. 
  18. ↑ Zhang/CnEVPost, Phate (2023-09-04). "Leapmotor unveils 1st global model, C10, in Germany" (in en-US). https://cnevpost.com/2023/09/04/leapmotor-unveils-global-model-c10-germany/. 
  19. ↑ "Meet the Leap C11, a dual-motor e-SUV slated for Guangzhou show premiere". 1 November 2020. https://www.formacar.com/en/news/view/30636.html. 
  20. ↑ "2024北京车展：零跑C16正式开启预订_车家号_发现车生活_汽车之家" (in zh-CN). https://www.autohome.com.cn/news/202404/1295690.html#pvareaid=103453. 
  21. ↑ "零跑汽车专访 预计9月慕尼黑车展零跑B05发布！全新D系列10月发布_车家号_发现车生活_汽车之家" (in zh-CN). https://www.autohome.com.cn/news/202507/1307703.html#pvareaid=102624. 
  22. ↑ "零跑新车不换增程器，可能配43度新电池，售价20万起步？_车家号_发现车生活_汽车之家" (in zh-CN). https://chejiahao.autohome.com.cn/info/18601650?pvareaid=28086821202. 
  23. ↑ 23.0 23.1 Leung, Adrian (2025-06-10). "Leapmotor's flagship D-series SUV breaks cover; launch expected in 2026" (in en-US). https://carnewschina.com/2025/06/10/leapmotors-flagship-d-series-suv-breaks-cover-launch-expected-in-2026/. 
  24. ↑ "采用增程动力 零跑全新D系列旗舰车型实车首曝！或命名“D19”_车家号_发现车生活_汽车之家" (in zh-CN). https://www.autohome.com.cn/news/202509/1308999.html#pvareaid=6867404. 
  25. ↑ "LEAPMOTOR Brought Its First Electric SUV C-More to 2019 Shanghai Auto Show". 19 May 2019. https://www.chinapev.com/ev-2/leapmotor/leapmotor-brought-its-first-electric-suv-c-more-to-2019-shanghai-auto-show/. 
  26. ↑ "Hefei said to pump 2 billion yuan into EV startup Leapmotor". https://autonews.gasgoo.com/Detail2020.aspx?ArticleId=70017928. 
  27. ↑ 27.0 27.1 Zhang, Phate (2023-01-01). "Leapmotor delivers 8,493 units in Dec, raises vehicle prices" (in en-US). https://cnevpost.com/2023/01/01/leapmotor-delivers-8493-units-in-dec/. 
  28. ↑ "Leapmotor boasts over 29% YoY surge in 2023 annual deliveries". https://autonews.gasgoo.com/m/70030373.html#:~:text=This%20achievement%20capped%20a%20successful,300,000%20units%20since%20its%20establishment.. 
  29. ↑ "快讯_汽车之家". https://www.autohome.com.cn/fastmessage/detail/1303213.html#pvareaid=6849221. 
  30. ↑ "Startup Leapmotor, FAW Car to jointly develop smart EV models". May 9, 2020. https://autonews.gasgoo.com/china_news/70017131.html. 
  31. ↑ "VW Group Interested In Leapmotor EV Platform For Jetta Brand: Report" (in en). https://insideevs.com/news/680211/vw-group-interested-leapmotor-ev-platform-jetta-brand-report/. 
  32. ↑ "一汽零跑牵手背后，造车"黑马"的技术外供之路_车家号_发现车生活_汽车之家" (in zh-CN). https://chejiahao.autohome.com.cn/info/19519243. 
  33. ↑ "零跑正式从一汽"赚钱了"". 2025-03-26. https://finance.sina.com.cn/wm/2025-03-26/doc-ineqyvpm8839033.shtml. 
  34. ↑ "零跑汽车为红旗提供电动汽车平台". https://auto.gasgoo.com/news/202504/27I70424101C501.shtml. 
  35. ↑ "Stellantis to Become a Strategic Shareholder of Leapmotor with €1.5 Billion Investment and Bolster Leapmotor's Global Electric Vehicle Business". Stellantis (Press release). Retrieved 2023-10-30.
  36. ↑ "Stellantis' Chinese gamble". 2023-10-30. https://www.evinfocus.com/stellantis-chinese-gamble/. 
  37. ↑ "With Leapmotor, Stellantis adds '15th brand' to sell low-cost EVs". https://europe.autonews.com/automakers/stellantis-plans-low-cost-ev-brand-leapmotor. 
  38. ↑ "Stellantis considering building Leapmotor EVs in Italy, report says" (in en). 19 February 2024. https://www.reuters.com/business/autos-transportation/stellantis-considering-building-leapmotor-evs-italy-report-says-2024-02-19/. 
  39. ↑ "China's Leapmotor has started EV production at Stellantis' Polish plant, Jefferies says" (in en). 17 June 2024. https://europe.autonews.com/automakers/stellantis-leapmotor-jv-said-begin-ev-output-poland. 
  40. ↑ 40.0 40.1 "Stellantis stops making Leapmotor EV in Poland, eyes other options" (in en). 8 April 2025. https://www.reuters.com/business/autos-transportation/stellantis-says-it-stopped-making-small-ev-leapmotor-car-poland-2025-04-08/. 
  41. ↑ "曝Stellantis和零跑汽车放弃在波兰生产第二款电动汽车". https://auto.gasgoo.com/news/202411/13I70410371C501.shtml. 
  42. ↑ "零跑国际合资公司今日成立，联手巨头 Stellantis 集团挺进欧洲汽车市场 - IT之家". https://www.ithome.com/0/767/873.htm. 
  43. ↑ "零跑国际合资公司正式成立 C10和T03将首先进入欧洲销售_汽车_中国网". https://auto.china.com.cn/view/20240514/727479.shtml. 
  44. ↑ Pappas, Thanos (23 October 2025). "Stellantis Wants To Rebrand Chinese EVs For Europe" (in en). Carscoops. https://www.carscoops.com/2025/10/stellantis-might-sell-rebadged-chinese-models-in-europe/. 
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