Chinese Leapmotor Targets 4 Million Annual EV Sales in the Next Decade, CEO Confirms

We from the automotive world are watching China’s Leapmotor closely. This fast‑growing electric vehicle (EV) maker has just confirmed an ambitious long‑term goal. The company’s CEO, Zhu Jiangming, says Leapmotor plans to sell more than 4 million EVs annually within the next decade. That’s a massive target, especially for a company barely a decade old. This shows how fierce competition and rapid innovation are shaping the global EV industry.

Leapmotor’s Current Market Position

• Founded in 2015, Leapmotor entered China’s EV market and grew quickly in a crowded industry.
• Fast-rising EV brand: By 2025, it became one of the country’s fastest-growing electric car makers.
• Domestic sales doubled in 2025: Compared with 2024, sales nearly doubled, showing strong local demand.
• Best-selling model, C10 SUV: The C10 helped Leapmotor compete with bigger rivals and attract more consumers.
• In-house production advantage: Around 65% of vehicle parts are developed internally, lowering costs compared to competitors.
• Strong 2025 deliveries: In the first eight months, over 320,000 vehicles were delivered, topping other Chinese EV startups.
• First-time profitability: Leapmotor became profitable for the first time, marking a key milestone for sustainable growth.

CEO’s 2035 Sales Target

• Ambitious growth plan: CEO Zhu Jiangming revealed Leapmotor aims to sell 1 million vehicles globally by 2026.
• Long-term goal: Targeting 4 million annual sales by 2035, positioning Leapmotor among the world’s top automakers.
• Global focus: About 60 % of future sales are expected outside China.
• Brand vision: The 4 million target is not just volume; it aims to make Leapmotor a world-class smart EV brand.
• Expansion strategy: Plans include new product lines and a growing presence across continents.

Production & R&D Strategy

• In-house technology: Focus on batteries, electric drives, and intelligent computing systems to reduce costs and maintain flexibility.
• New models: Launched the B01 electric sedan in 2025, offering range, affordability, and smart features.
• Localized production: Partnership with Stellantis to produce the B10 SUV in Europe from 2026, cutting logistics costs and meeting local demand faster.

Global Expansion Plans

• Europe entry: Leapmotor International started selling cars in Europe in late 2024, starting with the C10 and T03.
• Sales network growth: Plans to expand to 500 outlets by 2026 and enter India, Asia Pacific, and Latin America.
• Existing footprint: By mid-2025, 600 Sales and Service Points were established across Europe, showing a serious global push.
• South America: Operations launched in Brazil and Chile, using Stellantis’ dealership network to reach customers.

Government Support & Regulatory Environment

• Domestic support: China offers incentives and infrastructure investment for EV makers like Leapmotor.
• Export benefits: Diplomatic and trade frameworks can ease access to international markets, but local regulations vary.
• Regulatory compliance: Outside China, Leapmotor must meet safety and environmental standards, with Stellantis’ experience helping manage challenges.

Challenges and Risks

• Competition: China’s EV market is crowded with BYD, Tesla, and others fighting for market share.
• Supply chain: Raw material costs and semiconductor shortages can affect production.
• Consumer preferences: What sells in China may need adaptation for Europe or South America.
• Geopolitical tensions: Trade barriers or political issues could slow international expansion.
• Brand trust: Expanding globally requires building recognition outside China, a key challenge for any new entrant.

Conclusion

Leapmotor’s plan to reach 4 million EV sales annually by 2035 is bold. But recent milestones, including record deliveries, profitability in 2025, and rapid overseas expansion, show the company isn’t just dreaming. It’s building momentum. If Leapmotor continues this trajectory, it could become a major global player, reshaping the EV landscape. For now, the next big test will be hitting 1 million annual sales by 2026 and expanding market presence far outside its home turf. The EV future is competitive, but Leapmotor is claiming its space.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.