Leapmotor

{{Infobox company

| name = Zhejiang Leapmotor Technology Co., Ltd.

| logo = Leapmotor logo en.svg

| type = Public

| traded_as = {{hkex|9863}}

| industry = Automotive

| foundation = {{start date and age|December 2015}}

| founder = Fu Liquan, Zhu Jiangming

| location = Hangzhou, Zhejiang, China

| owner = Stellantis (20%)

| num_employees = 9,310 (2024){{cite web |url=https://markets.ft.com/data/equities/tearsheet/profile?s=9863:HKG |title=Zhejiang Leapmotor Technology Co Ltd, 9863:HKG profile |work=markets.ft.com (Financial Times) |date=2024-02-23 |access-date=2024-02-25}}

| products = Automobiles

| production = {{increase}} 293,724 vehicles (2024)

| revenue = {{increase}} HK$ 18.14 billion (2023)

| net_income = {{increase}} HK$ –4.57 billion (2023)

| parent =

| subsid = Leapmotor International (49%)

| module = {{Infobox Chinese|child=yes|s=浙江零跑科技股份有限公司 |p=Zhèjiāng Língpǎo Kējì Gǔfèn Yǒuxiàn Gōngsī |order=st|hide=no}}

| homepage = {{URL|https://www.leapmotor.com/}}

}}

Zhejiang Leapmotor Technology Co., Ltd., trading as Leapmotor ({{zh|s=零跑汽车|p=Língpǎo Qìchē|l=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 20 percent stake of Leapmotor, and plans to sell Leapmotor vehicles in Europe.

History

File:Zhu Jiangming IAA 2023 1X7A0162.jpg

In December 2015, Dahua Technology, together with controlling shareholder Fu Liquan and director Zhu Jiangming, founded Zhejiang Leapmotor Technology Co., Ltd. It is worth mentioning that Fu Liquan and Zhu Jiangming are also co-founders of Dahua Technology. In March 2017, the Leapmotor brand was officially launched.{{Cite news |author=梁薇 |date=2017-03-17 |title=起底大华股份造车始末零跑汽车明年亮相 |trans-title=The whole story of Dahua Technology's car manufacturing is revealed. Leapmotor will debut next year |url=https://www.nbd.com.cn/articles/2017-03-17/1086073.html |archive-url=https://web.archive.org/web/20231026055801/https://www.nbd.com.cn/articles/2017-03-17/1086073.html |archive-date=2023-10-26 |accessdate=2023-10-26 |work=每日经济新闻}}

In November 2017, Leapmotor released its first product, the Leapmotor S01.{{Cite news |url=http://auto.people.com.cn/n1/2017/1111/c1005-29640274.html |title=零跑首款电动轿跑车S01亮相未来规划三个整车平台 |author=鄂智超 |work=人民网 |date=2017-11-11 |accessdate=2023-10-26 |archive-url=https://web.archive.org/web/20171114201724/http://auto.people.com.cn/n1/2017/1111/c1005-29640274.html |archive-date=2017-11-14 |url-status=live}} 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.{{Cite web|url=http://autonews.gasgoo.com/china_news/70014765.html|title=Leapmotor announces China's first homegrown autonomous driving AI chip|website=Autonews.gasgoo.com|date=June 14, 2018}} The company vertically integrates high margin components by developing and building its own components such as electric traction motors, vehicle CPU, and LED lighting.{{Cite web|url=https://carnewschina.com/2021/11/14/the-big-read-story-of-leapmotor/|title=The Big Read: Story of Leapmotor|date=14 November 2021|website=CarNewsChina.com|accessdate=3 June 2022}}

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.{{Cite web|url=http://autonews.gasgoo.com/china_news/70015294.html|title=Leapmotor to roll out 3 new models over next 3 years|website=Autonews.gasgoo.com|date=October 24, 2018}}

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.{{Cite web|url=https://elektrowoz.pl/auta/leap-motor-lp-s01-chinski-elektryczny-samochod-sportowy-foto/|title=Leap Motor LP-S01 – chiński elektryczny samochód sportowy [FOTO] • SAMOCHODY ELEKTRYCZNE|website=Elektrowoz.pl|date=November 10, 2017}} The first deliveries occurred of the S01 in June 2019.{{Cite web|url=http://autonews.gasgoo.com/Detail2020.aspx?ClassId=7&ArticleId=70016098|title=Startup LeapMotor kicks off delivery of the S01 all-electric coupe on June 28|website=Autonews.gasgoo.com}}{{Cite web|url=https://www.chinapev.com/ev-2/leapmotor/leapmotors-first-coupe-ev-s01-start-to-deliver/|title=Leapmotor's First Coupe EV S01 Start to Deliver|date=July 1, 2019|website=Chinapev.com}}

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.{{Cite web|url=http://autonews.gasgoo.com/china_news/70017131.html|title=Startup Leapmotor, FAW Car to jointly develop smart EV models|website=Autonews.gasgoo.com|date=May 9, 2020}}

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 {{convert|403|km|mi|0|abbr=on}} NEDC cruising range.{{Cite web|url=https://www.chinapev.com/ev-2/leapmotor/chinese-ev-startup-listed-its-2nd-ev-leapmotor-t03-goes-on-market/|title=Chinese EV Startup Leapmotor Listed its 2nd EV, Leapmotor T03 goes on market|date=May 12, 2020|website=Chinapev.com}}

File:Chassis of Leap 3.0 Architecture at Auto Guangzhou 2023 20231126-A.jpg 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 {{convert|400|kW|hp|0|abbr=on}} and {{convert|720|Nm|kgm lbft||abbr=on|sigfig=3}} of torque. The Leapmotor C11 have around {{convert|600|km|mi|0|abbr=on}} of driving range.{{Cite web|url=https://www.formacar.com/en/news/view/30636.html|title=Meet the Leap C11, a dual-motor e-SUV slated for Guangzhou show premiere|date=November 1, 2020|website=Formacar.com}}

In August 2023, FAW-VW, one of the Chinese joint venture of 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.{{cite web |title=VW Group Interested In Leapmotor EV Platform For Jetta Brand: Report |url=https://insideevs.com/news/680211/vw-group-interested-leapmotor-ev-platform-jetta-brand-report/ |access-date=2023-10-28 |language=en}}

= Expansion and cooperation with Stellantis =

In October 2023, Stellantis expressed its interest in Leapmotor by acquiring a 20% stake valued at approximately EUR 1.5 billion. This strategic partnership led to the establishment of Leapmotor International, a joint venture company with a 51:49 ratio, facilitating the distribution and production of Leapmotor cars in global markets outside China, thereby supporting the company's expansion plans, notably in Europe. The announcement was made during the European premiere at IAA Mobility 2023 in September, where the first global product, the large SUV Leapmotor C10, was unveiled.{{cite web |title=Leapmotor C10 unveiled in IAA Mobility as the brand's first global model |date=4 September 2023 |url=https://carnewschina.com/2023/09/04/leapmotor-c10-unveiled-in-iaa-mobility-as-the-brands-first-global-model/ |access-date=2023-10-29 |language=en}}

In February 2024, Reuters reported that Stellantis was exploring the possibility of producing a Leapmotor model at the Italian plant in Mirafiori, Turin. However, a month later, it was decided that the Leapmotor T03 city car would be assembled at the FCA Poland plant in Tychy.{{cite web |title=Stellantis considering building Leapmotor EVs in Italy, report says |website=Reuters |url=https://www.reuters.com/business/autos-transportation/stellantis-considering-building-leapmotor-evs-italy-report-says-2024-02-19/ |access-date=2024-03-23 |language=en}}

In May 2024, Leapmotor and the Stellantis Group jointly announced the establishment of the Leapmotor International with a ratio of 51:49, controlled by Stellantis Group. The joint venture has the exclusive right to export, sell and manufacture Leapmotor cars to global market outside China. It will start sales in Europe 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 T03 and C10 launched first. In the next three years, Leapmotor International will launch at least one new model every year.{{Cite web |title=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 |url=https://www.ithome.com/0/767/873.htm |access-date=2024-05-14 |website=www.ithome.com}}{{Cite web |title=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 |url=http://auto.china.com.cn/view/20240514/727479.shtml |access-date=2024-05-14 |website=auto.china.com.cn}}

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.{{cite web |access-date=13 April 2025 |date=8 April 2025 |language=en |title=Stellantis stops making Leapmotor EV in Poland, eyes other options {{!}} Reuters |url=https://www.reuters.com/business/autos-transportation/stellantis-says-it-stopped-making-small-ev-leapmotor-car-poland-2025-04-08/ |website=Reuters}} 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.{{Cite web |title=曝Stellantis和零跑汽车放弃在波兰生产第二款电动汽车 |url=https://auto.gasgoo.com/news/202411/13I70410371C501.shtml |access-date=2024-11-13 |website=auto.gasgoo.com}} In March the following year, European T03 production was already terminated.

Products

=Current models=

class="wikitable sortable" style="text-align: center; width: 75%"

! class="unsortable" width="15%" |Image

!Name

!Introduction
({{abbr|cal.|calendar}} year)

!Vehicle description

180x180px

!T03

|March 2020{{cite web |date=12 May 2020 |title=Chinese EV Startup Leapmotor Listed its 2nd EV, Leapmotor T03 goes on market |url=https://www.chinapev.com/ev-2/leapmotor/chinese-ev-startup-listed-its-2nd-ev-leapmotor-t03-goes-on-market/ |access-date=6 January 2021 |website=Chinapev.com}}

|City car, BEV

180x180px

!B10

|October 2024

|Compact SUV, BEV

180x180px

!C11

|December 2020{{cite web |date=1 November 2020 |title=Meet the Leap C11, a dual-motor e-SUV slated for Guangzhou show premiere |url=https://www.formacar.com/en/news/view/30636.html |access-date=6 January 2021 |website=Formacar.com}}

|Mid-size SUV, EREV/BEV

180x180px

!C01

|May 2022{{Cite web |last=Zhang/CnEVPost |first=Phate |date=2022-05-11 |title=Leapmotor unveils C01 sedan with cell to chassis technology |url=https://cnevpost.com/2022/05/11/leapmotor-unveils-c01-sedan-with-cell-to-chassis-technology/ |access-date=2022-07-06 |website=CnEVPost |language=en-US}}

|Mid-size sedan, EREV/BEV

180x180px

!C10

|September 2023{{Cite web |last=Zhang/CnEVPost |first=Phate |date=2023-09-04 |title=Leapmotor unveils 1st global model, C10, in Germany |url=https://cnevpost.com/2023/09/04/leapmotor-unveils-global-model-c10-germany/ |access-date=2023-09-05 |website=CnEVPost |language=en-US}}

|Mid-size SUV, EREV/BEV

180x180px

!C16

|April 2024{{Cite web |last=网易 |date=2024-04-15 |title=零跑C16申报图曝光提供纯电版和增程版可选采用6座布局 |url=https://www.163.com/dy/article/IVRPCL1G05279745.html |access-date=2024-04-16 |website=www.163.com}}

|Full-size SUV, EREV/BEV

= Upcoming models =

class="wikitable sortable" style="text-align: center; width: 75%"

! class="unsortable" width="15%" |Image

!Name

!Introduction
({{abbr|cal.|calendar}} year)

!Vehicle description

!B01

|Compact Sedan

= Discontinued models =

class="wikitable sortable" style="text-align: center; width: 75%"

! class="unsortable" width="15%" |Image

!Name

!Introduction
({{abbr|cal.|calendar}} year)

!Discontinued

!Vehicle description

180x180px

!S01

|June 2019

|2021

|compact sport car, BEV

=Concept vehicles=

class="wikitable sortable" style="text-align: center; width: 75%"

! class="unsortable" width="15%" |Image

!Name

!Introduction
({{abbr|cal.|calendar}} year)

!Vehicle description

180x180px

!C-More

|April 2019{{Cite web |date=19 May 2019 |title=LEAPMOTOR Brought Its First Electric SUV C-More to 2019 Shanghai Auto Show |url=https://www.chinapev.com/ev-2/leapmotor/leapmotor-brought-its-first-electric-suv-c-more-to-2019-shanghai-auto-show/ |access-date=6 January 2021 |website=Chinapev.com}}

|Mid-size crossover SUV.

Sales

File:SZ 深圳 Shenzhen 光明新區 Guangming 光明大道 Guangming Blvd 萬達廣場 Wanda Plaza Shopping mall 零跑汽車 showroom October 2023 R12S 02.jpg]]

class="wikitable"

!Year

!Sales

2019

|1,000

2020

|11,391{{Cite web |title=Hefei said to pump 2 billion yuan into EV startup Leapmotor |url=https://autonews.gasgoo.com/Detail2020.aspx?ArticleId=70017928 |access-date=2024-04-13 |website=Gasgoo}}

2021

|43,121{{Cite web |last=Zhang |first=Phate |date=2023-01-01 |title=Leapmotor delivers 8,493 units in Dec, raises vehicle prices |url=https://cnevpost.com/2023/01/01/leapmotor-delivers-8493-units-in-dec/ |access-date=2024-04-13 |website=CnEVPost |language=en-US}}

2022

|111,168

2023

|144,155{{Cite web |title=Leapmotor boasts over 29% YoY surge in 2023 annual deliveries |url=https://autonews.gasgoo.com/m/70030373.html#:~:text=This%20achievement%20capped%20a%20successful,300,000%20units%20since%20its%20establishment. |access-date=2024-04-13 |website=autonews.gasgoo.com}}

2024

|293,724{{Cite web |title=快讯_汽车之家 |url=https://www.autohome.com.cn/fastmessage/detail/1303213.html#pvareaid=6849221 |access-date=2025-01-01 |website=www.autohome.com.cn}}