Leapmotor has introduced its 2025 interim monetary outcomes, marking a milestone by attaining its first-ever semi-annual internet revenue. The corporate reported a internet revenue of 30 million yuan (4.17 million USD) for the primary half of 2025, a turnaround from a internet lack of 2.21 billion yuan (307 million USD) in the identical interval final 12 months. This achievement makes Leapmotor solely the second Chinese language electrical car (EV) startup to achieve semi-annual profitability.
A considerable improve in car deliveries and income drove the efficiency. For the primary half of 2025, Leapmotor’s income surged by 174% year-over-year to 24.25 billion yuan (3.37 billion USD). This development was primarily attributed to an increase in car and spare elements deliveries, elevated earnings from strategic collaborations and carbon credit score buying and selling, and better service income linked to car gross sales.
Leapmotor delivered 221,700 new automobiles within the first half of 2025, securing the highest spot amongst Chinese language new power car (NEV) startups with a 155.7% year-over-year improve. Exports additionally noticed development, with 20,000 items shipped abroad. The corporate celebrated a milestone on June 18, reaching over 800,000 cumulative deliveries.
Income from electrical automobiles and parts gross sales reached 23.1 billion yuan (321 million USD), up 161.4% year-over-year, whereas non-automotive gross sales contributed practically 1.1 billion yuan (153 million USD). Regardless of a 0.13 billion yuan (18 million USD) loss within the first quarter, the corporate managed to attain general profitability for the half-year.
Gross margin for the primary half of 2025 reached 14.1%, a rise of 13 proportion factors in comparison with the earlier 12 months.
Li Tengfei, Vice President and CFO of Leapmotor, said that the automotive gross margin for the primary half was round 12%, with a full-year forecast of 14%-15%. The corporate goals to attain full-year profitability in 2025, focusing on a internet revenue of 0.5 billion to 1 billion yuan (69.5 million to 139 million USD).
Leapmotor’s monetary report additionally confirmed elevated operational bills. Gross sales bills rose by 56.7%. Administrative bills grew by 79.5%. Analysis and growth (R&D) bills elevated by 54.9%.
As of June 30, 2025, Leapmotor’s gross sales and repair community coated 286 cities, including 88 new cities, with 806 gross sales shops and 461 service shops. The corporate plans to broaden its protection to 90% of cities and counties by the tip of 2025, including 60 new places.
Following a record-breaking July with over 50,000 deliveries, Leapmotor anticipates additional gross sales development in August and September, projecting third-quarter gross sales between 170,000 and 180,000 items.
The corporate has raised its annual gross sales steerage for the second time this 12 months, from 500,000-600,000 items to 580,000-650,000 items. The abroad gross sales goal for 2025 stays unchanged at 50,000-80,000 items. Trying forward, Leapmotor has set an formidable objective of attaining 1,000,000 annual car gross sales in 2026.
