Industry dynamics

Leapmotor delivers record 14,335 vehicles in Jul

Publishtime:1970-01-01 08:00:00 Views:28

Leapmotor's flagship C-series models delivered more than 12,000 units in July, contributing more than 85 percent of deliveries.

Leapmotor delivers record 14,335 vehicles in Jul-CnEVPost

Leapmotor delivered 14,335 vehicles in July, becoming another Chinese new energy vehicle (NEV) maker to post record monthly deliveries.

That delivery was up 19.02 percent from 12,044 vehicles in the same month last year, and up 8.52 percent from 13,209 vehicles in June, according to data released today.

Leapmotor did not release model-specific segment sales figures but said its flagship C-series models delivered more than 12,000 units, contributing more than 85 percent of deliveries.

The Leapmotor C11 series delivered more than 9,200 units, the company said. That means the SUV contributed more than 64 percent of Leapmotor's deliveries in July.

Founded in 2015, Leapmotor's models on sale include the mini vehicle T03, coupe model S01, flagship SUV model C11, and flagship sedan C01.

The C11 BEV, which went on sale on September 29, 2021, and the C01, which went on sale on September 28, 2022, are Leapmotor's flagship models, aiming for a range of RMB 150,000 ($20,930) to RMB 300,000

The company's previous sales were largely contributed by the T03, a cheap electric vehicle, which has led Leapmotor to be seen as a budget EV maker. The model's current starting price range is RMB 59,900 to RMB 89,900.

The company's deliveries plummeted in the second half of last year, and in an effort to turn around weak sales, Leapmotor released the C11 EREV on March 1, targeting a larger market.

The C01 sedan is currently only available in a BEV version, however, on July 14, a regulatory catalog from China's industrial regulator showed that Leapmotor filed for an EREV version of the C01.

Leapmotor founder, chairman and CEO Zhu Jiangming said after the company's third-quarter results were announced on November 14, 2022, that all models on the company's C platform, as well as new platforms in the future, will be available in both BEV and EREV versions.

Earlier today, Leapmotor cut the prices of the BEV versions of the C01 and C11 by as much as RMB 20,000 to cope with the increasingly fierce competition in China's EV market.

($1 = RMB 7.1658)

Leapmotor cuts prices of 2 flagship models by up to $2,800