Zhejiang Leapmotor Technology Co Ltd Class H

The Leapmotor B03X is offered in Germany from €24,900 and targets the entry-level segment as a compact electric crossover. It uses only LFP batteries in 39.8 kWh (292 km WLTP) and 53 kWh (up to 382 km WLTP) versions, supports DC charging power up to 100/133 kW and offers motor options of 130 or 145 kW. At 4.27 m long the model provides above-average interior space and a trunk of 302 to 865 liters. Stellantis plans to market and build the vehicle in Europe but, according to reports, has no access to Leapmotor’s electrical architecture and will remain reliant on suppliers from China for software and further development. » More on heise.de

Opel announces the reduction of around 650 engineering positions and is developing an SUV jointly with Chinese partner Leapmotor for the first time, which is to be produced in Europe. CEO Florian Huettl defends the China partnership as a necessary step to catch up on electronics, software and battery expertise and to offer competitive prices. Opel continues to emphasize its focus on “Made in Europe”, plans to electrify its model range and names the fully electric Corsa for 2028 with a price around €25,000. In addition, a new plant in Algeria is intended to serve the local market without replacing European capacities. » More on welt.de

Leapmotor recorded revenue growth of 57.2% to 38.11 billion CNY in the first half of 2026 and increased deliveries by 60.8% to 356,000 units; exports rose 72% to 96,294 vehicles. Net profit for H1 was 210 million CNY (adjusted 270 million CNY) and gross margin improved in Q2 to 12.6%. Management cut the full-year net profit forecast from 5 billion CNY to around 3 billion CNY due to higher raw material costs, while cash amounted to 38.59 billion CNY. Investors weighed the rapid volume and revenue growth against the lower profit outlook and weaker cash flows. » More on de.investing.com

Data from the Ministry for the Environment show that Leapmotor is currently in 7th place for approved e-car subsidies, thus ranking ahead of the Volkswagen brand. Of roughly 3,100 Leapmotor vehicles sold in Germany, 613 received support, while Volkswagen — despite more than 40,000 electric sales — had only 593 subsidy applications approved. In total, €53.9 million had been paid out from the €3 billion fund by the end of June. The main explanations are the relatively low prices of Chinese models and the income-linked nature of the subsidy. » More on sueddeutsche.de

Leapmotor reported an 8% revenue increase in Q1 2026 to CNY 10.8 billion, driven by higher deliveries and parts sales. However, gross margin declined from 25.9% to 16%, reflecting margin pressure and scaling issues in manufacturing. The company delivered 110,000 units, posted negative operating and free cash flows, and confirmed an annual profit target of CNY 5 billion. For Q2, Leapmotor expects margins to improve to 12–13% and is relying on new models and rising export sales. » More on de.investing.com