Leapmotor

Leapmotor was founded in December 2015 in Hangzhou, China, by Zhu Jiangming and Fu Liquan, co-founders of the video-surveillance company Dahua Technology, and it launched its car brand in March 2017. It designs and builds battery-electric and range-extender passenger cars, including the T03 city car, the A10 small SUV and the B10 and C10 SUVs, and it earns its revenue from vehicle sales. Leapmotor is listed on the Hong Kong Stock Exchange under the code 9863. In October 2023 Stellantis paid about €1.5 billion for a stake of roughly 20%, and the two formed Leapmotor International, a joint venture 51% owned by Stellantis with exclusive rights to sell and build Leapmotor cars outside Greater China. For the six months to June 30, 2026 Leapmotor reported revenue of 38.11 billion yuan, up 57.2%, and net profit of 210 million yuan, its third straight profitable half-year, with 38.59 billion yuan in cash and related assets at the end of the period.