[Stellantis] News & Updates

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.

35617 hours ago

Leapmotor's Zhu: Carmaking Needs 20B Yuan Minimum — The Cost Code Behind a Decade of Comeback

Leapmotor founder and Chairman Zhu Jiangming recently admitted in an interview that building cars requires at least 20 billion yuan, adding "I wouldn't have started if I had known how capital-intensive it would be." The veteran who left security giant Dahua Technology in 2015 to venture into vehicle manufacturing has taken Leapmotor from a marginal brand selling fewer than 100 units per month to a top-tier new force automaker targeting 1 million annual sales. As of June 18, 2026, Leapmotor's cumulative global deliveries surpassed 1.5 million units, with the third 500,000 achieved in just 8 months. Zhu revealed Leapmotor adheres to full-stack in-house R&D, self-developing and self-manufacturing 65% of core components, with 70% of large components sourced within a 20km radius in Jinhua, Zhejiang. The company has raised its 2026 sales target to 1 million units and plans to launch a new independent premium sub-brand positioned above RMB 300,000.

42723 hours ago

Leapmotor Leads with 356K Units in H1, New Force Landscape Accelerates Divergence

In the first half of 2026, China's passenger vehicle market saw a 20.2% year-on-year decline, yet Leapmotor delivered 356,500 units to top the new force rankings with 60.8% growth. June single-month deliveries hit a record 93,376 units, with overseas exports nearing 100K units — exceeding full-year 2025 exports.

53313 days ago

Stellantis Adds €1.2 Billion Investment in Morocco, Local Sourcing Target Raised from 69% to 75%

Morocco's established automotive supply chain is creating new gaps through electrification that existing suppliers cannot fill alone. Stellantis announced an additional €1.2 billion investment, targeting local sourcing rate increases from 69% to 75%.

24719 days ago

Stellantis Q2 Shipments Up 10%, Leapmotor Surges to 33K in Europe

Stellantis delivered 1.6 million units globally in Q2, up 10% YoY. Leapmotor brand shipped 33,000 units in Europe, up approximately 25,000 YoY, becoming the group's key China representative in electrification. T03 and B10 models drove strong demand.

56020 days ago

Morocco: China's Auto Supply Chain Bridgehead into Europe

From battery materials to smart electrification, Morocco is becoming a new base for China's automotive supply chain to move closer to European customers. Through Morocco, Chinese suppliers can embed into Renault and Stellantis's ecosystem while capturing new gaps from Europe's electrification transition.

28720 days ago

Leapmotor Refreshes C-Series SUV Trio with 800V Platform, 660km Range from $18,620

Leapmotor officially launched updated versions of its C10, C11, and C16 SUVs on June 16, 2026, upgrading all three to an 800V high-voltage platform with up to 660km of pure-electric range. Starting prices are as low as 125,800 yuan ($18,620), bringing high-voltage fast-charging technology previously found only in premium segments to the mass market.

43635 days ago

Leapmotor Cumulative Deliveries Surpass 1.5 Million, NEV Startup Enters "Million Club"

Leapmotor recently announced cumulative deliveries have exceeded 1.5 million units, becoming another Chinese NEV startup to join the "million club." The company previewed intensive June actions: Lafa5 will launch in 28 countries globally, while C10, C11, and C16 receive refreshed launches and D99 opens for pre-order. Data shows Leapmotor's cumulative sales in the first five months exceeded 260,000 units. However, achieving the annual 1 million target requires monthly sales of approximately 106,000 units over the remaining seven months, presenting considerable challenges. Through its strategic partnership with European automotive giant Stellantis, Leapmotor is accelerating overseas market expansion.

29241 days ago

Dongfeng Solid-State Battery Mass Production in H2 2026, Range Exceeds 1000km

Dongfeng Motor announced mass production of solid-state batteries in the second half of 2026, with equipped vehicles achieving over 1000km range. Stellantis simultaneously launched its first North American solid-state battery road test. Solid-state batteries are regarded as the ultimate next-generation power battery route, transitioning from laboratory to factory.

37851 days ago

Dongfeng/Stellantis/Jeep Sign Strategic Cooperation, 8 Billion RMB Investment in NEV Off-Road

On May 15, 2026, Dongfeng Motor, Stellantis Group, and Dongfeng Peugeot Citroën Automobile Company signed a strategic cooperation agreement. The total investment exceeds 8 billion RMB. From 2027, two Jeep brand NEV off-road models will be produced at the Dongfeng Peugeot Citroën Wuhan factory for global sales. Nissan and Dongfeng have also established an export joint venture to export China-developed NEV models to Latin America, Southeast Asia, and the Middle East.

20053 days ago

Leapmotor May Deliveries Hit 81,569 Units, Up 81% YoY, First to Break 80K

Leapmotor delivered 81,569 vehicles globally in May 2026, up 81% year-over-year, setting a new monthly brand record. January-May cumulative deliveries exceeded 300,000 units. This achievement makes Leapmotor the third emerging brand after Li Auto and AITO to break the 80,000 monthly delivery threshold. Value-for-money strategy and overseas market expansion are the two core engines driving Leapmotor's sales leap.

28155 days ago

Leapmotor's European Explosion: EU Registrations Up 500% to 28,000 Units

Leapmotor leveraged Stellantis Group's dealer network to rapidly expand in Europe, with EU registrations surging 500% year-over-year to 28,000 units in the first four months of 2026. The T03 model's price dropped to €4,900 in Italy, making it the country's best-selling electric vehicle.

21363 days ago

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