Leapmotor Turns First Annual Profit as Stellantis Alliance Accelerates Global Expansion

Leapmotor Achieves First Annual Profit

Chinese electric vehicle maker Leapmotor reported its first full-year profit in 2025, marking a key milestone for the rapidly growing EV startup. The profitability was supported by strong vehicle sales, improving margins, and expanding global ambitions through its partnership with Stellantis.

Leapmotor recorded a net profit of around 540 million yuan ($78 million) in 2025, reversing a 2.82 billion yuan loss the previous year. Revenue more than doubled to about 64.7 billion yuan, while deliveries surged to nearly 600,000 vehicles.

The results signal a turning point for the Chinese EV startup as it transitions toward sustainable growth and global expansion.

Closer collaboration will offer more global opportunities.

Stellantis Partnership Strengthens Global Strategy

Leapmotor's alliance with Stellantis has become a core pillar of its international expansion strategy. The companies are exploring deeper cooperation in vehicles and components, with some projects already entering advanced negotiation stages.

The partnership is expected to help Leapmotor:

• Expand into Europe and other global markets
• Leverage Stellantis’ distribution network
• Navigate overseas regulations
• Reduce development costs
• Accelerate global manufacturing plans

The collaboration also provides Stellantis with access to Leapmotor’s EV technology, helping both companies compete more effectively in global markets.

Deliveries and Revenue Drive Profitability

Leapmotor’s profitability was largely driven by rapid delivery growth and improved operational efficiency.

Key financial highlights for 2025:

• Net profit: ~540 million yuan
• Revenue: ~64.7 billion yuan
• Deliveries: ~596,000 vehicles
• Gross margin: 14.5% (record high)

Vehicle deliveries increased by more than 100% year-on-year, reflecting strong demand for the company’s expanding lineup.

Global Expansion Plans

Leapmotor is accelerating its international strategy, with overseas markets becoming increasingly important to future growth. The company is working with Stellantis to expand manufacturing and sales outside China.

According to company plans, Leapmotor aims to:

• Increase global sales footprint
• Expand overseas production
• Launch new EV models
• Strengthen European presence

The company has also set a target of 1 million vehicle deliveries in 2026, highlighting its ambitious growth strategy.

Why It Matters

Leapmotor’s first annual profit marks a significant milestone for Chinese EV startups, many of which are still focused on scaling production.

The development also reflects:

• Rapid growth of Chinese EV brands
• Importance of global partnerships
• Increasing overseas expansion
• Improving profitability among startups

With growing deliveries and deeper global partnerships, Leapmotor is positioning itself as a rising player in the global EV market.

Source: https://www.reuters.com/business/autos-transportation/leapmotor-posts-first-annual-profit-2026-03-16/ https://www.bloomberg.com/news/articles/2026-03-16/leapmotor-turns-first-profit-as-it-expands-stellantis-alliance