Leapmotor (980) Delivers 110,155 EVs, Up 26% Year-on-Year

Leapmotor (980), backed by Stellantis, delivered 110,155 new energy vehicles in Q1, marking a 26% increase from the previous year and exceeding 100,000 units for the fourth consecutive quarter. In contrast, BYD reported 688,993 deliveries in the same period, but experienced a 30% decline year-on-year. Leapmotor plans to sell 1 million cars in China this year, with a smaller export goal of 100,000 to 150,000 units. Moreover, Leapmotor boasts over 800 sales outlets in Europe and launched its first overseas innovation center in Munich.