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Spain Factory

Leapmotor Targets 1 Million Sales and 5 Billion Yuan Profit in 2026 — Where Does the Confidence Come From?

Leapmotor Targets 1 Million Sales and 5 Billion Yuan Profit in 2026 — Where Does the Confidence Come From?

Leapmotor released its 2025 financial results: annual deliveries reached 596,600 units, up 103.1% year-over-year; revenue hit 64.73 billion yuan, up 101.3%; net profit reached 540 million yuan, making Leapmotor the second Chinese EV startup after Li Auto to achieve full-year profitability. For 2026, Chairman Zhu Jiangming set more ambitious targets: break through 1 million annual sales and lift net profit to 5 billion yuan. Three pillars support these goals: product matrix expansion (four new models launching within the year), deepened globalization (overseas target of 100,000-150,000 units, covering 35 countries with 1,800+ outlets), and extreme cost control capabilities (in-house R&D covering 65% of core costs). Leapmotor is also planning a second brand above 300,000 yuan for 2027, targeting the premium market.

35618 hours ago
SAIC Motor Spain Plant Lands, European Localization Accelerates

SAIC Motor Spain Plant Lands, European Localization Accelerates

SAIC Group announced its Spain factory has officially landed, with production scheduled to begin in 2026. In 2025, SAIC sold 306,000 vehicles in the European market, a year-on-year increase of 24.9%, establishing certain brand recognition. The Spain factory is a critical step for SAIC to address EU tariffs, deepen local supply chains, and shorten delivery cycles. The plant will produce MG brand vehicles, covering mainstream European markets. This project's advancement signifies that Chinese automakers' transformation from vehicle exports to localized manufacturing is accelerating, which also carries demonstrative significance for Central Asian and Russian markets.

31061 days ago