[Zhu Jiangming] News & Updates

Leapmotor B10 Begins Production in Spain with Co-Line Manufacturing and Mallén Battery Assembly

On October 16, 2026, Leapmotor B10 started mass production at the Zaragoza plant in Spain; leveraging its cooperation with Stellantis, it is produced on the same lines as the Opel Corsa, Peugeot 208 and Lancia Ypsilon. The two sides are also building a battery assembly base in Malián, extending localization from complete vehicles to key components. Since 2026, Leapmotor has exceeded 100,000 monthly sales for three consecutive months, ranking fourth among global new energy vehicle brands. This dual-plant layout uses a joint venture and shared lines to reuse a mature manufacturing system, offering a reference for Chinese automakers' European localization, but capacity ramp-up, quality stability and delivery coordination still await data verification.

46312 days ago

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.

53390 days 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.

60591 days ago

Zhu Jiangming

Leapmotor B10 Begins Production in Spain with Co-Line Manufacturing and Mallén Battery Assembly

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

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

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