Media365
Chinese electric-vehicle (EV) maker Zhejiang Leapmotor Technology’s exports jumped nearly 400 per cent last year, thanks to its partnership with European giant Stellantis, according to a filing to the Hong Kong stock exchange on Monday.
The Hangzhou-based carmaker said it exported 67,052 units in 2025, the most among emerging Chinese EV makers. Leapmotor exported 13,726 units in 2024.
The surge in exports was largely attributed to Leapmotor’s joint venture with Stellantis formed in May 2024, which began selling cars across major European markets in September of that year.
Revenue from the European market skyrocketed 479 per cent year on year to 5.6 billion yuan (US$810 million) in 2025. This contributed to total annual revenues of 64.73 billion yuan, a 101 per cent year-on-year increase.
Leapmotor swung to a net profit of 538 million yuan last year from a net loss of 2.82 billion yuan in 2024, in line with its forecasts in August, making it only the second Chinese EV start-up after Li Auto to achieve full-year profit. Notably, Li Auto’s net profit slumped 86 per cent year on year to 1.12 billion yuan last year.
