China's Leapmotor targets annual sales of more than 4 million units in a decade

Zhejiang Leapmotor Technology Co

29/12/2025 01:08

HANGZHOU, Dec 29 (Reuters) - Chinese electric vehicle maker Leapmotor 9863.HK aims to be among more than five Chinese automakers with annual sales of more than 4 million units within a decade, CEO Zhu Jiangming said on Monday.

Leapmotor has seen rapid growth in sales volume and improvement in profitability throughout 2025.

With its best-selling SUV C10 priced from 142,800 yuan ($20,319), Leapmotor has eroded the market share of industry leader BYD 1211.HK in affordable EVs priced under $25,000.

 (Reporting by Zhang Yan and Brenda Goh; Editing by Christopher Cushing)

 ((qiaoyi.li@thomsonreuters.com;))