Leapmotor Delivered 10,059 Units in March, Up 193% From February
Chinese new energy vehicle enterprise Leapmotor announced on Friday that its total deliveries in March reached 10,059 units, an increase of 193% from the previous month. The company’s monthly delivery growth rate has exceeded 200% for 12 consecutive months, and its cumulative deliveries in the first quarter of 2022 increased by 410% year-on-year.
At present, the automaker has three models on sale, namely the Leapmotor S01, Leapmotor T03 and Leapmotor C11, covering the markets of small pure electric vehicles, micro pure electric vehicles and mid-size pure electric SUVs. In the near future, it will also launch the Leapmotor C01, its first pure electric medium and large model designed based on the “C platform.”
Leapmotor C01 has a body length of 5050mm, a long battery life that can allow the car to drive 700km, and a class-leading maximum trunk space of 496L. It only need 3 seconds to accelerate from 0 to 100km/h. The vehicle is expected to be officially released in the second quarter of 2022.
Headquartered in the eastern Chinese city of Hangzhou, Leapmotor always adheres to self-developed technologies, and has established complete and independent R&D and manufacturing capabilities. With continuous improvement of the planned production capacity for an AI factory located in Jinhua, the Leapmotor C11 performance version will soon be delivered.
SEE ALSO: Leapmotor Files for Hong Kong IPO
The company submitted an application for listing to the Hong Kong Stock Exchange (HKEx) on March 17. CICC, Citibank, JP Morgan and CCB International serve as co-sponsors of this planned IPO. If the listing is successful, Leapmotor will become the fourth new energy vehicle developer to land in Hong Kong stocks after Nio, XPeng and Li Auto.
According to the firm’s prospectus, from 2019 to 2021, the total revenue of Leapmotor was about 117 million yuan ($18.41 million), 631 million yuan ($99.30 million) and 3.132 billion yuan ($492.88 million) respectively, exhibiting rapid growth.
