Latest in EV news, technologies, data and insights from China market
Leapmotor launches B01 EV priced under ¥100,000 ($14,000), aims for 1 Million annual sales, leverages self-developed tech, confident despite price competition.
With surging sales and a return to profitability, Leapmotor has earned a spot on the Fortune China 500 for the first time, ranking No. 423.
Week 29 sales have been released and Tesla’s sales drop 19.3% week-over-week.
In the first half of 2025, Leapmotor’s global sales exceeded 220,000 units, ranking it first among China’s new energy vehicle (NEV) startups in terms of sales volume.
China’s NEV market grew 33% year-on-year in June, with BYD leading the pack; AITO M8 and Tesla Model Y stood out in SUV sales.
Sales data for Week 28 was released, where Tesla witnessed a sharp rebound in deliveries.
Leapmotor’s new C11 balances affordability and innovation, maintaining leadership despite market price wars and aiming for broader electrification growth.
In Week 27, China’s NEV market cooled down, with BYD firmly holding the top spot, while Tesla’s weekly sales plunged over 70% week-on-week.
Leapmotor’s B05 is an upcoming electric crossover hatchback, part of a new series launching 13-14 models. It features a unique design and plans to compete against established brands.
Leapmotor delivered 48,006 units across all models in June, a year-on-year increase of over 138%. The total deliveries for the first half of 2025 exceeded 220,000 units.