On April 1, Leapmotor CEO Zhu Jiangming disclosed via video that the company delivered 50,029 vehicles in March 2026, up 35% year-on-year and 78% month-on-month, returning to a monthly delivery level above 50,000 units.
In the first two months of the year, affected by China’s Lunar New Year holiday, Leapmotor delivered 32,059 units in January and 28,067 units in February, remaining in the seasonal low range.
The Leapmotor A10, launched last week, offers four variants with ranges of 403 km and 505 km, priced between RMB 65,800 ($9,541) and RMB 86,800 ($12,586).
Less than an hour after the launch event, Zhu revealed that firm orders had reached 3,041 units.
Over the weekend, Zhu reported that A10 drove strong demand, with 4,394 orders on Saturday and 4,692 on Sunday, totaling more than 9,000 orders for Leapmotor in two days.
The product rollout continues. Zhu said Leapmotor will unveil the Lafa5 Ultra at the Beijing Auto Show in April, while its flagship D19 is scheduled for launch on April 16, with deliveries to begin simultaneously.
Earlier, Leapmotor Vice President and CFO Li Tengfei noted that, in addition to the A10 and D19, the A05 and D99 are expected to launch in late June or early July.
According to Leapmotor’s 2025 financial report, the company generated revenue of RMB 64.73 billion ($9.39 billion), up 101.3% year-on-year, with annual deliveries reaching 596,555 units, up 103.1%.
Driven by these gains, 2025 marked Leapmotor’s first full year of profitability, with net profit of RMB 540 million ($78.3 million) and gross margin improving from 8.4% in 2024 to 14.5%.
Following profitability, management and shareholders have increased their stakes.
On the same day, Zhu Jiangming and shareholder Fu Liquan collectively purchased 5.0802 million H shares in the market, totaling approximately HKD 230 million ($29.4 million).
After the transaction, the two parties and their affiliated entities, as the single largest shareholder group, hold a combined 211 million H shares and 129 million domestic shares, accounting for 23.89% of the company’s total issued shares.
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