 | |
| Company type | Public |
|---|---|
| SEHK: 9863 | |
| Industry | Automotive |
| Founded | December 2015; 9 years ago (December 2015) |
| Founder | Fu Liquan, Zhu Jiangming |
| Headquarters | Hangzhou, Zhejiang, China |
| Products | Automobiles |
Production output |  293,724 vehicles (2024) |
| Revenue | HK$ 18.14 billion (2023)[1] |
| HK$ –4.57 billion (2023)[1] | |
| Owner | Stellantis (20%) |
Number of employees | 9,310 (2024)[1] |
| Subsidiaries | Leapmotor International (49%) |
| Chinese name | |
| Simplified Chinese | 浙江零跑科技股份有限公司 |
| Hanyu Pinyin | Zhèjiāng Língpǎo Kējì Gǔfèn Yǒuxiàn Gōngsī |
| Website | www |
Zhejiang Leapmotor Technology Co., Ltd., trading asLeapmotor (Chinese:零跑汽车;pinyin:Língpǎo Qìchē;lit. 'Leap car'), is a Chinesestartup automobile manufacturer headquartered inHangzhou, China, specializing in developingelectric 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.
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.[2]
In November 2017, Leapmotor released its first product, theLeapmotor S01.[3] On June 13, 2018, at CES Asia, Leapmotor announced that the first domestically madeartificial 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 forautonomous vehicles, and features the capability ofdeep learning and leading computing power.[4] The company vertically integrates high margin components by developing and building its own components such aselectric traction motors, vehicleCPU, andLED lighting.[5]
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.[6]
In June 2019, the first product, theLeapmotor S01 electric 2-door coupe, is launched on theChinese market. A prototype was shown at the 2017Guangzhou Auto Show. At that time, the company had raisedRMB 380 million in capital, and construction of the factory had started. The S01 was initially shown as the LP-S01 coupe earlier in 2018.[7] The first deliveries occurred of the S01 in June 2019.[8][9]
In May 2020, Leapmotor andstate-owned Chinese automakerFAW 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.[10]
On May 11, 2020, Leapmotor officially launched its second mass-production EV, theLeapmotor T03 electriccity 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 403 km (250 mi)NEDC cruising range.[11]
In November 2020, Leapmotor officially launched the third mass-production EV, theLeapmotor C11 electric crossover, based on the 2019C-More concept. The C11 is powered by dual electric motors jointly rated at 400 kW (536 hp) and 720 N⋅m (73.4 kg⋅m; 531 lb⋅ft) of torque. The Leapmotor C11 have around 600 km (373 mi) of driving range.[12]
In August 2023,FAW-VW, one of the Chinese joint venture ofVolkswagen Group, entered discussions with Leapmotor to explore the potential acquisition of a platform for manufacturing new electric cars under theJetta brand, specifically tailored for the Chinese market.[13]
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, ajoint 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 atIAA Mobility 2023 in September, where the first global product, the large SUVLeapmotor C10, was unveiled.[14]
In February 2024,Reuters reported that Stellantis was exploring the possibility of producing a Leapmotor model at the Italian plant inMirafiori,Turin. However, a month later, it was decided that theLeapmotor T03 city car would be assembled at theFCA Poland plant inTychy.[15]
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 withT03 andC10 launched first. In the next three years, Leapmotor International will launch at least one new model every year.[16][17]
In November, it is 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.[18]
| Image | Name | Introduction (cal. year) | Vehicle description |
|---|---|---|---|
.jpg) | T03 | March 2020[19] | City car,BEV |
 | B10 | October 2024 | Compact SUV, BEV |
 | C11 | December 2020[20] | Mid-size SUV,EREV/BEV |
.jpg) | C01 | May 2022[21] | Mid-size sedan,EREV/BEV |
 | C10 | September 2023[22] | Mid-size SUV,EREV/BEV |
 | C16 | April 2024[23] | Full-size SUV,EREV/BEV |
| Image | Name | Introduction (cal. year) | Vehicle description |
|---|---|---|---|
| B01 | Compact Sedan |
| Image | Name | Introduction (cal. year) | Discontinued | Vehicle description |
|---|---|---|---|---|
 | S01 | June 2019 | 2021 | compact sport car, BEV |
| Image | Name | Introduction (cal. year) | Vehicle description |
|---|---|---|---|
 | C-More | April 2019[24] | Mid-size crossover SUV. |
| Year | Sales |
|---|---|
| 2019 | 1,000 |
| 2020 | 11,391[25] |
| 2021 | 43,121[26] |
| 2022 | 111,168[26] |
| 2023 | 144,155[27] |
| 2024 | 293,724[28] |
| Current models |
| | ||||
|---|---|---|---|---|---|---|
| Discontinued models | ||||||
| Concepts |
| |||||
