Leapmotor to Host Major 2026 Annual Technology Conference in September

August 24, Leapmotor (9863.HK) released its 2026 semi-annual financial report. During the reporting period, the company achieved operating revenue of RMB 38.11 billion, a historic high for the same period; achieved net profit of RMB 210 million, maintaining a profitable trend, with profitability realized for three consecutive semi-annual periods. The gross margin in the second quarter rose to 12.6% quarter-on-quarter, and operational quality improved quarter by quarter. As of the end of the reporting period, the company had sufficient cash on hand of RMB 38.59 billion, with cash flow remaining positive, providing solid guarantees for subsequent technology R&D and global expansion.

    Sales ranking among top four global new energy vehicles, global expansion enters acceleration phase

    In the first half of 2026, Leapmotor's global sales reached 356,487 units, a year-on-year increase of 60.8% compared to 221,664 units in the same period of 2025. Among the first 5 months with announced data in the current year, in terms of comparable terminal registration numbers, Leapmotor ranked fourth among global new energy passenger car brands, behind BYD, Tesla, and Geely; ranked third among China's new energy passenger car brands. In July, Leapmotor's global sales hit a new high again, reaching 101,267 units, a year-on-year increase of 102.0%, with monthly deliveries breaking through the 100,000 unit threshold for the first time, becoming the first new force brand to break through 100,000 units in a single month. As of the end of July 2026, Leapmotor's global cumulative deliveries surpassed 1.6 million units.

    Currently, the overseas market has become an important second growth curve for Leapmotor. Since the fourth quarter of 2024, Leapmotor's cumulative export volume is about 200,000 units; in the first half of 2026, Leapmotor's export volume reached 96,294 units, a year-on-year increase of 372.6%, exceeding the total export volume of the full year of 2025, accounting for 27.0% of total sales in the first half; cumulative exports from January to July reached 113,863 units, and it is expected that the full year of 2026 will steadily break through 150,000 units, and has the potential to challenge the sales target of 200,000 units.

    In the European market, Leapmotor's performance was particularly outstanding. In Italy, a traditional automobile powerhouse, the number of pure electric vehicle registrations in the first half reached 23,000 units, with a pure electric market share exceeding 25%, ranking first in Italy's pure electric vehicle sales for consecutive periods. In June 2026, Leapmotor became the Chinese electric vehicle brand with the highest sales volume in the German market; in the UK market, Leapmotor has become the third highest brand in retail sales of Chinese brand pure electric vehicles. Leapmotor has successfully won the favor of customers from traditional automotive industrial powers, not only verifying product strength but also meaning Leapmotor's internationalization strategy has taken root, taking a critical and solid step.

    As of June 30, Leapmotor International has established over 1,000 outlets with both sales and after-sales service functions in more than 45 international markets including Europe, Middle East, Africa, and Asia Pacific. Leapmotor is accelerating the layout of overseas local assembly production. In the second quarter, it officially entered the Mexican market; as the first stop in North America, the local channel layout has taken preliminary shape. In terms of Southeast Asia, relying on Stellantis' Malaysia Gurun, Kedah factory, C10 has completed SOP and entered mass production, sales will start soon; B10 is planned for mass production and launch in the third quarter. In terms of Europe, Stellantis' Zaragoza, Spain factory has completed supporting renovation, B10 is expected to start production in the third quarter, B05 is planned for trial production this year and mass production in 2027, supporting battery factory renovation has also been completed, expected mass production in the third quarter. In terms of South America, Stellantis' Goiania, Brazil factory has been selected as the assembly base, B10 local production plan will formally mass produce in the second half of 2027.

    Full price band coverage of ABCD four major product matrix, multi-polar driven growth

    Currently, Leapmotor has completed the full price band layout of the ABCD four major product matrix, achieving comprehensive coverage of the mainstream price range from RMB 60,000 to RMB 300,000, with models of each series ranking at the head of the sub-market, forming a "multi-polar driven" growth pattern.

    In terms of the A series, the A10 launched in March first brought LiDAR and parking spot to parking spot pilot assistance into the price range of within RMB 100,000; only 135 days after launch, the 100,000th mass-produced vehicle rolled off the line, refreshing the fastest record of 100,000 vehicles rolling off the line for the Leapmotor brand, and consecutively ranking first in China brand SUV sales for three consecutive months from May to July. The A05 launched in August starts pricing at RMB 63,900, completing an important piece of the puzzle for Leapmotor to impact an annual sales volume of one million this year.

    In terms of the B series, the all-new B01 and B10 launched in July are equipped with global 800V and 3C fast charging, front row dual zero-gravity seats, super large size AR-HUD and other high-end configurations, with the value advancement of "100,000 price level, 200,000 range level, 500,000 configuration level", directly hitting the pain points of the 100,000-level pure electric market.

    In terms of the C series, the all-new C10, C11, C16 with model changes completed in June comprehensively covered the mainstream consumption interval of RMB 120,000 to RMB 180,000 through more than 50 major upgrades, global sales exceeded 30,000 units in June, C series base users have exceeded 850,000, among them C11 since its launch in 2021, cumulative sales of about 350,000 units, becoming an evergreen tree in the sub-market.

    In terms of the D series, the flagship SUV D19 launched in April consecutively ranked the sales champion of large SUVs within RMB 400,000 for three consecutive months, deliveries reached 10,043 units in July entering the monthly sales ten thousand unit camp, and won the number one place in the 200,000 to 300,000 RMB new car NPS sub-market; the flagship MPV D99 launched in June, the average selling price of the first batch exceeded RMB 300,000, successfully driving Leapmotor brand value upwards, forming a "flagship SUV + flagship MPV" dual flagship matrix.

    Full-domain self-developed technology continues to break through, annual technology conference to be held in September

    In terms of technology R&D, Leapmotor LEAP 4.0 central domain control architecture was first equipped on the D19, relying on dual Qualcomm 8797 chips to achieve cockpit and driving integrated super synergy, pioneering "one brain controls all vehicle intelligence". Currently, city pilot assisted driving has been open on all Leapmotor ABCD series models, and will push nationwide city pilot assisted driving to LEAP 3.0 architecture models in the third quarter of 2026. Relying on global self-developed strength, Leapmotor has achieved assisted driving coverage from the 100,000-level A series to the flagship D series, making good and high-level assisted driving become an accessible travel daily life.

    It is worth mentioning that Leapmotor announced heavily to hold the 2026 annual technology conference in September, at which time it will release intelligent assisted driving world model reaching the top tier level of the whole industry, and a series of latest technical achievements in the three-electric systems field, which will inject new momentum for Leapmotor's next stage of growth.

    Channel service dual upgrade, ESG rating continues to lead

    In terms of channels, as of June 30, Leapmotor sales service network has covered 298 cities, city coverage rate reached 87.4%, cumulative layout of 1,064 sales stores and 562 service stores, increasing 258 stores and 101 stores respectively year-on-year. Shanghai and Shenzhen multi-functional flagship stores have officially opened, setting terminal experience benchmarks.

    In terms of service, the first half year service NPS reached 57.8, year-on-year increase of 39.6%. Retail market share increased to 5.71%, firmly ranking first among new force brands.

    In terms of ESG, Leapmotor won MSCI ESG AA rating for the third consecutive year, and advanced from bronze to silver in EcoVadis evaluation, comprehensive ranking jumped to the top 15% of participating enterprises globally.

    With the continuous increase of the flagship D series, the C series and B series refreshed and launched, the A series continues to sell well, Leapmotor product matrix has been fully completed, the second half is accelerating the sprint for annual sales of one million units. Leapmotor will continue to adhere to the core strategy of full-domain self-development and deep self-manufacturing, driving product power improvement with technological innovation, opening growth space with global layout, and continuously creating "good but not expensive" smart travel experience for users.