The Stellantis-backed Chinese automaker Leapmotor reached annual profit for the first time, according to the 2025 financial report. The company doubled sales and revenue, and secured investment inflow from the state-owned enterprise. Leapmotor is a young Chinese new energy vehicle manufacturer founded in 2015. It commenced sales in 2019. In late 2023, one of the world’s biggest automotive groups, Stellantis, acquired 20% of its stake for 1.5 billion EUR (1.77 billion USD). In August 2025, Leapmotor announced its interim financial results, achieving the first semi-annual net profit of 30 million yuan (4.17 million USD) for the first half of 2025. The growth was primarily attributed to a rise in vehicle and spare parts deliveries. As for the twelve months of 2025, Leapmotor delivered 596,555 units worldwide, up 103% Y-O-Y. The company launched three new models: the B10 crossover, the B01 sedan, and the Lafa 5 (B05) hatchback. Leapmotor 2025 financial results Leapmotor disclosed that its revenue surged by 101.3% to 64.72 billion yuan (9.38 billion USD) in 2025. The gross profit margin hit a record high of 14.5%. The company’s liquid assets reached 37.88 billion yuan (5.49 billion USD). The net profit reached 540 million yuan (76.85 million USD), marking a turnaround from an annual net loss of 2.82 billion yuan (410 million USD) in 2024. Leapmotor vehicle lineup It is worth noting that FAW Equity Investment (Tianjin) acquired a 5% equity stake in Leapmotor by purchasing 74,832,245 shares at 50.03 yuan (7.12 USD) per share. The total investment reached 3.74 billion yuan (530 million USD). It is worth noting that the partnership with Stellantis boosted overseas sales. Last year, the company delivered 67,052 units outside China. As of December 2025, Leapmotor has established 900 sales and after-sales service outlets in 40 countries. The company is actively developing the CKD local assembly project in Spain with plans to manufacture the B10 crossover and the B05 hatchback. The official start of production is scheduled for October 2026. The B05 will begin trial production in June 2026, with volume production expected in 2027. Meanwhile, Leapmotor has 950 sales outlets and 526 service centers in 295 cities across China. This year, the company aims to launch three models, including the A10 (B03X) crossover, the D19 SUV, and the D99 minivan. This addition will reportedly allow the company to reach a 1 million sales milestone this year.
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