First-ever annual profit! Leapmotor's revenue and sales volume to double by 2025

On the evening of March 16, Leap Motor released its 2025 annual performance report. The company achieved total revenue of 64.73 billion yuan in 2025, a year-on-year increase of 101.3%; net profit of 540 million yuan, marking its first annual profit, making it the second new car-making force to achieve annual profitability. It also set new records in sales, gross margin, and cash flow.

Building on two consecutive years of doubled sales growth, Leap Motor’s total deliveries in 2025 reached 596,600 units. With the full platform product matrix implemented and core technologies continuously breakthroughs, the company has laid a solid foundation for development in 2026. Founder, Chairman, and CEO Zhu Jiangming clearly stated: “In 2026, Leap Motor will strive for a new sales target of one million units.”

Leap Motor Announces 2026 Full-Year Sales Goal

Performance Fully Surging

High Growth in Profitability Sets New Industry Benchmark

2025 was a milestone year for Leap Motor. The company not only achieved its first full-year profit since its founding but also delivered impressive growth across revenue, sales, gross margin, and cash flow, highlighting its high-quality development.

On the revenue side, the company’s annual revenue reached 64.73 billion yuan, doubling from the previous year and setting a new record. The rapid increase in revenue was driven by sustained sales growth and product structure optimization. In terms of profit, a net profit of 540 million yuan made Leap Motor the second new car-making force after Li Auto to achieve annual profitability, validating the sustainability of its business model.

In terms of sales performance, Leap Motor’s total deliveries in 2025 reached 596,600 units, a 103.1% year-on-year increase. It achieved double growth for two consecutive years, maintaining the top spot among new car-making brands in sales, and is the only domestic new car manufacturer with monthly deliveries exceeding 70,000 units. The overseas market also performed well, with total exports reaching 67,052 units for the year.

Leap Motor’s profitability continued to improve, with a comprehensive gross margin of 14.5% in 2025, up 6.1 percentage points year-on-year, reaching a new annual high. In the fourth quarter, gross margin further increased to 15%, setting a new quarterly high. The improvement in gross margin was driven by self-developed core components, scale effects in production, and enhanced product premium capabilities.

Regarding cash flow, the company maintained positive cash flow for two consecutive years. By the end of 2025, cash on hand reached 37.88 billion yuan, with operating cash flow of 12.62 billion yuan, and free cash flow of 7.82 billion yuan. These ample cash reserves provide strong financial support for subsequent R&D, capacity expansion, and global expansion.

Technological and Product Breakthroughs Supporting the Million-Unit Sales Goal

Comprehensive Layouts Across All Dimensions

Behind the high growth are Leap Motor’s comprehensive efforts in product matrix, core technology, channels, services, and globalization. “In 2026, Leap Motor will strive for a new sales target of one million units,” Zhu Jiangming announced. This goal relies on the company’s breakthroughs in products and technology in 2025, as well as continuous improvement of the entire industry chain.

On the product front, in 2025, Leap Motor enriched and upgraded its full platform product matrix, launching three new models on the B platform, heavily redesigned three SUV models on the C platform, and debuting models A10 (A platform), D19, and D99 (D platform), providing core support for sales growth in 2026. The B series, built on the LEAP3.5 architecture, became a bestseller, with the B10 setting a new benchmark for 120,000-yuan SUVs. It won 18 international and domestic awards within a month of launch and received high recognition from young consumers. The B01, launched a month after its debut, sold over 10,000 units for four consecutive months, becoming a dark horse in the A-segment sedan market with its “Hexagon Warrior” product strength. The D platform models D19 and D99 helped Leap Motor successfully enter the luxury market at the 300,000-yuan level, achieving brand elevation. The A10, a global model, will be launched in March, further enriching the product lineup.

Leap D19

In core technology R&D, 2025 saw significant achievements through self-research and self-supply. The LEAP3.5 architecture, released in March 2025, achieved the highest integration of central domain control worldwide. The integrated cockpit and driving technology made intelligent tech accessible. In October 2025, the six major technologies of the D platform set new standards in range extension, pure electric, intelligence, driving control, safety, and comfort.

In the field of intelligent driving, Leap Motor’s city commuting assistance features gradually covered multiple platforms in 2025. By 2026, the company aims to achieve nationwide city navigation assistance and implement AI large model-based assisted driving solutions by year-end. The electric drive and battery businesses also achieved multiple technological breakthroughs, with CTC battery chassis integration technology passing new national standards early, and several core technologies entering engineering validation, strengthening product competitiveness.

In channels and services, Leap Motor’s sales and service network covered 295 cities in 2025, adding 31 new cities, with 950 sales stores and 526 service centers nationwide. The “Golden and Silver Seed Investors Program” boosted store efficiency by 85.1%. On the service side, the company adheres to the “Three Fast, Two Save” philosophy, continuously optimizing user experience.

Globally and in capital markets, in 2025, Leap Motor established 900 sales and service outlets in about 40 markets worldwide. Its pure electric sales in Europe ranked among the top three Chinese brands. The company accelerated its layout in markets like Brazil and Europe, with localized production in Spain imminent. It also signed a strategic cooperation with FAW, receiving 3.74 billion yuan in investment, and was included in the Hang Seng Tech Index, with continued recognition in capital markets. Additionally, Leap Motor’s ESG performance remains industry-leading, with three consecutive years of MSCI ESG AA ratings and an EcoVadis silver rating, demonstrating significant progress in green manufacturing.

Leap B10 Export and Shipping

From technological R&D to product deployment, from domestic to global markets, Leap Motor achieved a leap from scale growth to high-quality development in 2025. Based on its first profitable year, combined with the 1 million sales target and ongoing full-platform and core technology empowerment, Leap Motor’s 2026 prospects are highly promising.

(Images in the article are provided by the company)