In H1 2026, Leapmotor delivered 356,500 units to top new forces for the first time. June saw 93,376 units. The 40K monthly threshold marks the profitability watershed, with Leapmotor turning profitable first while Li Auto and Xpeng slowed.
Delivery Reshuffle: Leapmotor Tops
Leapmotor delivered 356,500 units in H1 2026 (+60.8% YoY), topping new forces for the first time. June alone hit 93,376 units (+94.5% YoY).
Li Auto and Xpeng both saw growth slowdowns. Li Auto was affected by the pure-electric transition; Xpeng's new model timing and pricing didn't fully match market expectations.
40K: The Profit Threshold
The 40,000 monthly sales mark is becoming the profitability watershed:
| Brand | June Deliveries | Breakthrough |
|---|---|---|
| Leapmotor | 93,376 | First to turn profitable |
| NIO | ~40,000 | Three-brand strategy working |
| Xpeng | ~40,000 | Advanced AD deployment |
| Zeekr | Strong growth | +111% YoY |
Leapmotor's success comes from focusing on the RMB 150K-250K price range, capturing the mass market replacement demand.
Competitive Landscape Evolution
The 150K-250K range became 2026's most competitive market. NEV penetration reached 63.6%, with over 6 of 10 new cars being NEVs.
For Central Asia and Russia, the rapid rise of Chinese new forces means more quality, cost-effective electric models entering these markets.
