Full-Stack Self-Development Lays the Foundation, Leapmotor Profitability Continues! Accelerating Realization of Million Annual Sales Target

August 24, Leapmotor revealed its first-half 2026 financial report, presenting a answer showing synergistic growth in scale and efficiency: Operating revenue of 38.11 billion yuan, a year-on-year increase of 57.2%, setting a new historical record for the same period; Net profit of 210 million yuan, achieving profitability for three consecutive half-years. Sales also achieved steady growth, with global cumulative sales reaching 356,500 units in the first half, a year-on-year increase of 60.8%.

However, impressive performance is just the starting point of Leapmotor's new development journey. With continuous volume increase in new models, continuous breakthroughs in R&D technology, and steady progress in overseas localization production, Leapmotor's growth curve in the second half of the year is expected to continue rising, striving hard to achieve the million annual sales target.

Breakthroughs on Both Scale and Profitability Lines, Operating Quality Improves Quarter by Quarter

Financial reports show that in the first half of 2026, Leapmotor's operating revenue grew significantly year-on-year, and net profit maintained a profitable trend, having achieved profitability for three consecutive half-years, demonstrating a solid operational foundation. In the environment where new automotive manufacturers are generally struggling to seek profitability, Leapmotor is the only car company to have been profitable for the most recent three consecutive half-years, becoming a scarce sample of continuous profitability among new forces. At the same time, Leapmotor's gross margin for the second quarter increased quarter-on-quarter to 12.6%, showing a trend of improving operating quality quarter by quarter. As of the end of the reporting period, Leapmotor's available funds reached 38.59 billion yuan, and sufficient capital reserves safeguard the company's long-term development.

In terms of sales, Leapmotor's global cumulative sales reached 356,500 units in the first half of the year, a year-on-year increase of 60.8%. In July this year, its sales hit a new high, reaching 101,000 units, a year-on-year increase of 102%, becoming the first domestic new force brand to break through 100,000 units in single-month deliveries, ranking at the forefront of the new energy vehicle industry as a whole. Among the comparable terminal registration quantities for the first 5 months of this year for which data has been released, Leapmotor ranked fourth among global new energy passenger car brands.

Obviously, Leapmotor's current financial performance is robust, and sales continue to climb, which not only dilutes R&D and manufacturing costs but also jointly builds a solid foundation for scale expansion in the second half of the year.

Full Matrix Synergy Drives Volume Increase, Multi-Level Drive Accelerates Sprint to Million Annual Sales

Behind the excellent performance, it is inseparable from Leapmotor's important measures to continuously expand market coverage and layout sub-segments. Currently, Leapmotor has completed the full price band layout of the ABCD four major product matrices, comprehensively covering the mainstream price range from 60,000 yuan to 300,000 yuan, including:

The A series takes "fine small cars" as the strategic main line. The representative model A10 welcomed the 100,000th mass-produced vehicle off the line 135 days after launch, and ranked first in Chinese brand SUV sales for three consecutive months, becoming a phenomenon-level product for mainstream home pure electric SUVs. The A05 launched in August further completes the entry market puzzle and is an important key driver for achieving the annual sales target.

The two new models B01 and B10 of the B series officially launched in July adhere to the concept of technology inclusiveness. Priced at the 100,000 yuan level, they are equipped with high-end configurations such as global 800V, 3C fast charging, and dual zero-gravity front seats, directly addressing pain points in the 100,000 yuan pure electric market, such as configuration compromises, range shortages, and smart technology shrinkage.

The base users of the C series have already surpassed 850,000. After the three facelifted models C10, C11, and C16 completed their new launch, June sales exceeded 30,000 units, continuously solidifying the brand's scale foundation.

The D series with higher positioning continues to break upwards. D19 has steadily entered the ranks of monthly sales of 10,000 units, and D99's launch average price has surpassed 300,000 yuan, forming a dual flagship matrix of SUV and MPV, promoting the continuous upward movement of Leapmotor brand value and establishing a high-end benchmark for the brand.

Plus the exclusive sports coupe product line Lafa 5 series, Leapmotor's product matrix is becoming increasingly complete, forming a multi-level drive growth pattern. Each series model has clear division of labor and collaborative effort, providing sufficient support for sales growth in the third and fourth quarters. Leapmotor's annual million sales target is accelerating into the channel of realization.

Technology and Globalization Advance on Two Lines, Leapmotor Has Abundant Long-Term Development Momentum

Leapmotor has always maintained high-intensity investment in technology R&D, and the advantages of full-domain self-research are increasingly prominent. Currently, urban pilot-assisted driving covers all Leapmotor ABCD series models. In the third quarter of 2026, Leapmotor LEAP 3.0 architecture models will receive the nationwide urban pilot-assisted driving push. More significantly, Leapmotor will hold the 2026 annual technology launch event in September, at which time it will launch an intelligent assisted driving world model reaching the industry's first tier level, and bring a series of all-new technological achievements in the three-electric field. Continuously iterated intelligent technology will continuously improve the competitiveness of all Leapmotor products and promote further expansion of Leapmotor's market in the second half of the year.

At the same time, the overseas market has become the second growth curve that cannot be ignored for Leapmotor. In the first half of this year, Leapmotor cumulative exports reached 96,000 units, a year-on-year increase of 372.6%, exceeding the total export volume for the entire year of 2025, with the proportion of total sales rising to 27%. Since the fourth quarter of 2024, Leapmotor's cumulative exports have been about 200,000 units. In core European markets, Leapmotor occupies a leading position in the Italian pure electric market and took the championship of Chinese electric vehicle brand sales in the German market in June. On the channel side, Leapmotor International has already established over 1,000 sales and after-sales service outlets in more than 45 international markets.

Localization production layout is also accelerating. The Malaysia factory C10 has already achieved mass production, and B10 is planned to start production in the third quarter; The Zaragoza factory in Spain has completed renovation, and B10 is expected to start production in the third quarter; The South American Brazil factory has confirmed the site selection, planning to enter mass production in the second half of 2027. Leapmotor's globalization has gradually shifted from complete vehicle exports to local manufacturing, which can effectively reduce cross-border delivery costs and expand long-term growth space.

Relying on continuously realized profitability, a perfect product matrix covering mainstream markets, rapidly scaling global business, and heavy technology results that are about to land, Leapmotor has built a complete and sustainable growth system with abundant long-term development momentum. Looking forward to the second half of the year, Leapmotor is expected to continue the upward trend and steadily move towards the million annual sales target.