Leapmotor, partly owned by Stellantis, has recorded its first full-year profit. Also in Europe, few car brands have grown as fast as the Chinese EV maker. In the final quarter of 2025 alone, Leapmotor delivered over 17,000 vehicles across Europe, compared to just 399 one year earlier.
The surge is surfacing in the figures. Leapmotor reported a net income of 540 million yuan (approximately €76 million) for 2025. Not many Chinese start-ups are in the black, and the year before, Leapmotor was still posting a net loss of 2.82 billion yuan (352.5 million euros).
Modern without the premium price tag
The profit is primarily driven by explosive sales growth. In total, Leapmotor delivered 596,555 vehicles in 2025, up 103 percent year-on-year. With this result, Leapmotor becomes only the second Chinese EV start-up to reach annual profitability, after Li Auto.
Leapmotor’s rise is no accident. The company develops around 65 percent of its components in-house, including chips, motors, and driver assistance systems, giving it a level of cost control that most Western rivals cannot match.
The result is vehicles that feel modern and well-equipped without carrying a premium price tag. Add to that a strategic partnership with Stellantis, which gave Leapmotor instant access to an established European dealer and service network, and the pieces fall into place.
The brand also hedges its bets with both pure-electric and range-extender versions of the same models, widening its appeal at a time when affordability remains the single biggest barrier to EV adoption in Europe.
Two anchors: Stellantis and FAW
The good results are also a pat on the back of Stellantis, which owns a little less than 19% of the brand. Also, the Chinese state-owned FAW Group, which has made a major investment, is an important shareholder.
The EV maker entered European markets in September 2024 through a joint venture with Stellantis and quickly built a presence across more than 800 sales and service points in the EU and UK. The T03 is the brand’s European bestseller, followed by the C10.
The European connection is already paying dividends: Leapmotor exported over 67,000 vehicles outside China in 2025, the highest export figure among Chinese EV start-ups.
European production base
Most significant for the European market: Leapmotor is setting up an assembly site in Spain together with Stellantis. The B10 crossover and B05 hatchback will be built locally, with operations targeting a kick-off in the fall this year.
Leapmotor will become one of the first Chinese brands with a genuine European production footprint, a meaningful advantage given the EU’s tariffs on Chinese-built EVs.
Next month, Leapmotor will launch the A10 (internally the B03X), the compact crossover that already drew attention at the Brussels Motor Show earlier this year.
An extensive lineup follows, with the D19 SUV and D99 minivan trailing the A10. The portfolio expansion must lift Leapmotor’s total sales to more than one million vehicles this year, almost double the current output.
