Beijing (ZXZC)- China’s electric vehicle startup, Leapmotor, celebrated its monthly delivery volume surpassing 10,000 units for the first time in March, according to the company’s sales report released on April 1st.

Photo credit: Leapmotor

In the third month of 2022, the up-rising EV maker delivered 10,059 vehicles, almost tripled from a month ago, at a 193% increase. March marked the twelfth consecutive month for Leapmotor to achieve an over 200% year-over-year growth in monthly delivery volume. 

From January to March, the cumulative delivery volume of the carmaker amounted to 21,579 vehicles, soaring 410% compared to the same quarter a year ago.   

Notably, with the ongoing price increase action among domestic new energy vehicle makers, Leapmotor is one of the few companies that raised its product prices thrice in 2022, once in January, and twice in March. 

On January 1st, Leapmotor refreshed its T03 lineup with new prices, rising RMB9,100 from before. On March 19th, Leapmotor’s other model on the market, the C11, saw its price grow RMB20,000 to RMB30,000. Then again, on March 26th, Leapmotor lifted the price on its T03 line once more, by RMB3,000 to RMB5,000 depending on trim levels. 

Additionally, Leapmotor is also in pursuit of an IPO in Hong Kong.