Leapmotor August Sales YoY Growth 80.7%, Consecutive Two Months Sales Exceed 100,000 Units

Editor's Note: Leapmotor's monthly sales exceeded the 100,000-unit mark consecutively, with August year-on-year growth exceeding 80%. The growth rate ranked among the leading mainstream new energy vehicle companies, as scale growth and operating quality improved in tandem, showing a positive development momentum.

January-August Sales 560,000 Units, Year-on-Year Growth 70%

On September 1, Leapmotor released the new vehicle delivery data for August 2026. Data shows that Leapmotor's global delivery volume in August reached 103,129 units, an 80.7% year-on-year increase. Following the delivery of 101,267 units in July, Leapmotor exceeded the 100,000-unit monthly delivery threshold for the second consecutive month. Thus far, cumulative deliveries for Leapmotor from January to August 2026 reached 560,900 units, a 70.55% year-on-year increase, with the production and sales scale steadily stepping onto a new level.

Against the industry background of overall adjustment in the domestic new energy market, Leapmotor's high growth rate was particularly notable.

Data previously released by the China Passenger Car Association showed that from January to July 2026, retail sales of domestic new energy passenger vehicles declined by 14.1% year-on-year, with terminal sales for most mainstream brands showing a year-on-year decline.

Under the pressure on the overall industry market, Leapmotor continued to gain share in the mainstream 100,000-200,000 yuan new energy market, leveraging cost advantages from full-domain self-research and high cost-performance product positioning. Its market share steadily increased, making it one of the fastest-growing brands in the new energy market this year.

From a market structure perspective, the domestic market remains Leapmotor's core foundation. Sales of core models continued to rise in their respective segments, becoming the core support for sales growth. Specifically, the A10 exceeded 100,000 units in mass production off the line just 135 days after launch, ranking first in sales of Chinese brand SUVs for consecutive months; the D19, after launch, firmly held the sales champion title for large SUVs within the 400,000 yuan range, with market reputation continuing to improve.

At the same time, overseas markets also performed notably, with export sales achieving rapid year-on-year growth. Leapmotor's export volume reached 96,300 units in the first half of the year, up 372.6% year-on-year, exceeding the total export volume of the entire year of 2025. Channel layouts in key markets such as Europe, Southeast Asia, and the Middle East were gradually implemented, localized operations continued to deepen, and the contribution of globalized business to overall sales continued to rise.

Exceeding 100,000 units for two consecutive months marks that Leapmotor's full-system capabilities in R&D, production, supply chain, channels, etc., have stepped onto a new level, able to stably support a monthly sales scale of 100,000 units, laying a solid foundation for subsequent sustainable growth. From monthly sales of 50,000 units at the beginning of the year to exceeding 100,000 units mid-year, Leapmotor doubled its sales volume scale in less than a year, with a growth rate far exceeding the industry average.

Operating Quality Improvement, Net Profit 210 Million Yuan in First Half

Matching the rapid growth in sales volume, Leapmotor's operating quality is also improving simultaneously. According to Leapmotor Automobiles' 2026 Semi-Annual Performance Report, Leapmotor Automobiles achieved operating income of 38.11 billion yuan in the first half of the year, up 57.2% year-on-year; net profit attributable to parent company was 210 million yuan, significantly up from 30 million yuan in the same period of 2025, continuously achieving semi-annual profitability, showing a good development trend of "scale growth, efficiency improvement".

On the profitability level, Leapmotor Automobiles achieved gross profit of 4.45 billion yuan in the first half of the year, up 29.7% year-on-year; the overall gross margin was 11.7%, down 2.4 percentage points compared to the same period last year, affected by rising raw material prices and changes in vehicle product structure. However, it is worth noting that its profitability level showed a quarterly improvement trend, with gross margin in Q2 2026 increasing by 3.2 percentage points compared to Q1, as the effects of scale economies and cost reduction measures gradually became apparent.

The core driver of profitability improvement came from the cost reduction effects and scale economy release of the full-domain self-research model.

Leapmotor's self-developed Four-leaf Clover Central Integrated Electronic and Electrical Architecture achieved scaled application, effectively reducing overall vehicle R&D costs and component procurement costs; at the same time, the rapid increase in sales volume brought significant scale economies, further diluting fixed costs and R&D investments. On the expense side, company R&D investment was 2.32 billion yuan in the first half of the year, up 22.8% year-on-year, continuously invested in core areas such as intelligent driving and three-electric technologies; sales and administrative expenses grew synchronously, mainly used for channel expansion and brand building, with overall operational efficiency continuing to optimize.

Regarding cash flow, the net cash flow from operating activities generated by the company in the first half of the year was 2.17 billion yuan; as of the end of June 2026, total funds reserves including cash and cash equivalents, restricted cash, and financial assets reached 38.59 billion yuan. Financial conditions were ample, able to support subsequent product R&D, channel expansion, and global layout.

Dual-Wheel Drive of Products and Global Expansion, Annual Target Achievement 53%

The dual improvement of sales and performance is inseparable from the continuous promotion of Leapmotor's product matrix, technology layout, and global strategy.

In terms of products, Leapmotor has already formed four major product matrices: A, B, C, D, covering categories such as sedans, SUVs, MPVs. The price range covers the mainstream consumer interval of 60,000 to 300,000 yuan, and each series of models ranks at the top of its market segment. Core models are highly recognized by consumers due to the product label of "high configuration, affordable price". In terms of technology, Leapmotor adheres to the full-domain self-research route, independently mastering core components accounting for 65% of vehicle cost, has built 18 self-owned component factories, and has constructed a deep technological moat.

On September 16, Leapmotor will hold the 2026 Annual Technology Conference, launching the new generation World Model Assisted Driving System and the latest technological achievements in the three-electric field, continuously releasing innovation potential. At the same time, Leapmotor has achieved vehicle-level technology empowerment for partners such as FAW and Stellantis, supplying core components to more than a dozen domestic and international automakers. The "Whole Vehicle + Tier 1 Component Supply" dual-wheel drive business model continues to run successfully.

Currently, Leapmotor Automobiles' global pace continues to accelerate. Among them, the European market performance was particularly outstanding, with Italy's pure electric market share exceeding 25%, ranking first in sales continuously; German and UK markets also ranked among the top Chinese brands. At the same time, localized assembly projects in Malaysia, Spain, Brazil, and other places were steadily promoted, with operating capabilities continuing to improve.

In the second half of the year, Leapmotor Automobiles will also welcome a new round of product iterations, with multiple models receiving intelligent upgrades, further driving sales growth.

Overall, sales exceeding 100,000 units for two consecutive months validated the feasibility and market competitiveness of Leapmotor's full-domain self-research model. Subsequently, with the implementation of technological results and increased overseas market volume, Leapmotor is expected to achieve a dual improvement in scale and efficiency. Leapmotor Automobiles' 2026 sales target is 1.05 million units, 53% of which is already completed. While maintaining a 100,000-unit scale level, achieving the target is highly possible.