- Leapmotor and FAW upgrade to full strategic partnership covering capital, NEVs, powertrains, batteries, intelligent chassis, and embodied robots.
- Leapmotor delivered 356,487 vehicles H1 2026, revenue RMB38.11B and net profit up 531%, marking three straight profitable halves.
- Leapmotor’s exports surged 372.6% to 96,294 units H1, targeting ~200K overseas sales in 2026 and 350K–400K in 2027.
On Aug. 24, Leapmotor and China FAW Group signed a deepened strategic cooperation agreement in Changchun.
It marks the third upgrade in their partnership across capital, technology and industrial collaboration since the two companies signed their first strategic memorandum of understanding in March 2025.
Under the agreement, the two sides will cooperate in capital investment, new energy vehicles, advanced driver assistance, powertrains, power batteries, intelligent chassis, lightweight components, embodied intelligent robots and financial services. The deal upgrades their relationship from project-based cooperation to broader strategic coordination.
This is also the third time Leapmotor and FAW have expanded their partnership.
Their first cooperation began in March 2025, when both companies signed a strategic memorandum covering joint development of new energy vehicles, components cooperation and capital collaboration.
In December 2025, FAW further invested in Leapmotor through its investment arm. FAW Qixin Power also signed a powertrain cooperation agreement with Leapmotor, with both sides beginning joint development and production collaboration in plug-in hybrid and range-extender technologies.
The latest agreement comes shortly after Leapmotor released its first-half 2026 results.
Leapmotor delivered 356,487 vehicles in the first half, up 60.8% year on year. Revenue reached RMB 38.11B ($5.67B), up 57.2%. Net profit rose 531% to RMB 210M ($31.2M), marking its third consecutive profitable half-year.
Its overseas business has become another key growth driver. Leapmotor exported 96,294 vehicles in the first half, up 372.6% year on year. Exports accounted for about 27% of total deliveries during the period. The company expects overseas sales to reach about 200K units in 2026, with its 2027 target raised to 350K–400K units.
Leapmotor has now entered more than 40 global markets, with over 2,000 overseas stores. Its European sales network has surpassed 1,000 outlets. The next phase will expand into Eastern Europe, Northern Europe and South America.
On the technology front, Leapmotor will hold its 2026 technology launch event in September.
The company said it will unveil an industry-leading world model for advanced driver assistance, alongside a series of new technologies in electric drive, batteries and related EV systems.
Embodied intelligent robots have also entered Leapmotor’s roadmap for the first time. Company management said new-energy automakers with full-stack in-house development capabilities are well positioned to develop embodied intelligent robots. Leapmotor has already begun related planning and will disclose more details in the near future.
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