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  3. Automotive
  4. Leapmotor Cars
Leapmotor Cars logo
Automotive

Who Owns Leapmotor Cars?

Leapmotor Cars is owned by Zhejiang Leapmotor Technology Co. (HKEX: 9863), a publicly traded Chinese electric vehicle manufacturer headquartered in Hangzhou, China. Founded in 2015 by Zhu Jiangming, Leapmotor posted its first annual profit in 2025 with revenue of CNY 64.7 billion ($9.38 billion) and deliveries of 596,555 vehicles. Stellantis NV acquired a 20% stake in 2023 for EUR 1.5 billion and controls 51% of Leapmotor International, the joint venture for overseas sales. FAW Group acquired a 5% stake in 2025.

Parent Company

Leapmotor

Founded

2015

Status

Publicly Traded

Headquarters

Hangzhou, China

budgetmass marketGlobalall-ageselectric vehiclescarbon neutralsustainable manufacturingOfficial Website

Who Owns Leapmotor Cars?

  • Parent Company: Leapmotor
  • Ownership Type: Wholly owned
  • Company Type: Publicly Traded
  • Stock Ticker: Hong Kong Stock Exchange: 9863.HK
BrandParent CompanyOwnership Type
Leapmotor CarsLeapmotorWholly owned

Where to Buy

Disclosure: We may earn commission from purchases
AmazonLeapmotor Cars on Amazon

History of Leapmotor Cars

  • Founded: 2015
  • Founders: Zhu Jiangming

Leapmotor was founded in 2015 by Zhu Jiangming, a former executive at Dahua Technology, a Chinese surveillance technology company. Unlike many Chinese EV startups founded by automotive industry veterans, Leapmotor came from a technology background. The company focused on developing its own core EV technologies including battery management systems, electric motors, and electronic control units in-house, an approach Leapmotor calls "full-domain self-research."

The company launched its first vehicle, the S01 electric coupe, in 2019, followed by the T03 city car in 2020. The T03, a compact and affordable electric city car priced at approximately 60,000 to 80,000 yuan (roughly $8,000 to $11,000), became one of Leapmotor's best-selling models and demonstrated the company's ability to deliver competitive EVs at accessible price points.

Leapmotor listed on the Hong Kong Stock Exchange in September 2022. The IPO came during a challenging period for Chinese EV stocks, and the company's share price faced pressure in the months following the listing. The company reported a net loss of CNY 2.82 billion in 2024 but achieved a positive net profit for a single quarter one year ahead of schedule.

The landmark Stellantis partnership, announced in October 2023, was a significant validation of Leapmotor's technology and business model. Stellantis paid approximately EUR 1.5 billion for its 20% stake, and the Leapmotor International joint venture began selling Leapmotor vehicles in European markets in September 2024, starting with the T03 and C10 SUV models. The T03 was priced from EUR 18,900 ($20,990) and the C10 from a competitive price point in European markets.

In 2025, Leapmotor launched three new models: the B10 crossover, the B01 sedan, and the B05 hatchback. The B10, built on the LEAP 3.5 platform, targets the largest automotive market segment with a focus on "global quality + superior intelligence" and is priced at approximately CNY 105,000 ($14,500) in China. The B10 is the first model to feature the LEAP 3.5 architecture, which includes a super-integrated central control architecture supporting end-to-end high-end intelligent driving.

Leapmotor achieved its first annual profit in 2025, with revenue doubling to CNY 64.7 billion and deliveries reaching 596,555 vehicles, up 103% year-over-year. The company is targeting one million vehicle sales in 2026, which would imply growth of approximately 68% over 2025 volumes.

About Leapmotor

What does Leapmotor own?
Leapmotor owns the Leapmotor brand of electric vehicles, including models such as the T03 city car, B10 and C10 crossovers, and C16 family SUV. The company also owns its battery pack, electric motor, and electronic control system manufacturing operations. Through the LPMI joint venture with Stellantis, Leapmotor holds 49 percent of the international sales and manufacturing entity for its products outside Greater China.

Is Leapmotor publicly traded?
Yes, Leapmotor is publicly traded on the Hong Kong Stock Exchange under ticker 9863. The company listed in September 2022. Stellantis holds a 21 percent stake, making it the single largest shareholder. A domestic strategic investor acquired a 5 percent stake in 2025 for 3.74 billion yuan.

Who founded Leapmotor?
Leapmotor was founded in 2015 by Zhu Jiangming in Hangzhou, China. Zhu previously co-founded Dahua Technology, one of China's largest surveillance and security equipment companies. He brought expertise in technology manufacturing and systems integration to the electric vehicle industry. Zhu remains CEO and a major shareholder.

Where is Leapmotor headquartered?
Leapmotor is headquartered in Hangzhou, Zhejiang province, China. The company's manufacturing operations are primarily in China, with a planned CKD assembly plant in Spain scheduled to begin production of the B10 crossover in October 2026.

What is Leapmotor's relationship with Stellantis?
Stellantis acquired a 21 percent stake in Leapmotor in October 2023 for 1.5 billion euros. The two companies formed Leapmotor International (LPMI), a 51/49 joint venture (Stellantis/Leapmotor) with exclusive rights for Leapmotor sales and manufacturing outside Greater China. In May 2026, the companies announced plans to expand the partnership, including Leapmotor production at Stellantis plants in Spain and joint purchasing initiatives.

How many vehicles did Leapmotor sell in 2025?
Leapmotor delivered 596,555 vehicles in 2025, a 103.1 percent increase over 2024. This ranked first among China's emerging auto brands. The company exported 67,052 units, also the most among emerging Chinese EV makers. Cumulative deliveries exceeded 1.2 million units by the end of 2025.

Is Leapmotor profitable?
Yes, Leapmotor achieved its first annual profit in 2025, with net profit of 538 million yuan (approximately $78 million). This was a sharp reversal from a net loss of 2.82 billion yuan in 2024. Gross margins reached a record 14.5 percent. Leapmotor became the second Chinese emerging auto company to achieve full-year profitability, after Li Auto.

  • Founded: 2015
  • Headquarters: Hangzhou, Zhejiang, China
  • Company Type: Publicly Traded
  • Stock: Hong Kong Stock Exchange: 9863.HK
  • Revenue: CNY 64.73 billion (FY2025)
  • Employees: approximately 10,000

Visit Leapmotor website

View full company profile for Leapmotor

Where Is Leapmotor Cars Made / Based?

  • Headquarters: Hangzhou, China
  • Manufacturing / Operations: China, Spain (CKD assembly, planned 2026)

Leapmotor Cars Categories & Tags

Electric VehiclesEvAutomobilesChinese BrandStellantis

Leapmotor Cars Sustainability & Ethics

As an electric vehicle manufacturer, Leapmotor's products produce zero tailpipe emissions, supporting the transition to clean transportation. The company's focus on affordable EVs makes sustainable transportation accessible to mainstream consumers, accelerating EV adoption in China and international markets.

Leapmotor has benefited from carbon credit deals, which have bolstered profitability while supporting global decarbonization efforts. The company's carbon credit arrangement with Stellantis has been a key driver of growth and sustainable innovation. Carbon credits remain a significant revenue stream as Leapmotor targets one million sales in 2026.

The company implements green manufacturing standards at its production facilities, focusing on reducing energy consumption, minimizing waste, and optimizing resource utilization. Leapmotor incorporates recycled materials in vehicle components and implements energy-efficient production systems.

Through its partnership with Stellantis, Leapmotor benefits from cross-border collaborations that support global decarbonization while driving mutual financial benefits. The Leapmotor International joint venture demonstrates how international partnerships can advance sustainability goals through local manufacturing, which reduces the carbon footprint of vehicle transportation and distribution.

Leapmotor is not certified as a B Corporation as of July 2025. The company has not publicly disclosed specific carbon neutrality targets or timeline commitments. Cruelty-free, vegan, organic, and fair trade certifications do not apply to automobile manufacturers.

Leapmotor Cars Recalls & Controversies

In March 2025, Uzbekistan temporarily halted certification of all Leapmotor passenger cars after tests on the C16 model revealed excessive broadband electromagnetic interference. Testing conducted at the state-owned Scientific and Testing Center for Quality Control of Uzbekistan (UzTest) found that the vehicle's electromagnetic interference levels exceeded the permissible limit by 16 times, violating UN safety standards. This non-compliance could affect the operation of electronic systems and, in some cases, lead to system failures. The certification suspension remained in effect until the manufacturer resolved the identified issues. Leapmotor representatives in Uzbekistan stated they were investigating the issue.

In Australia and European markets, Leapmotor faced criticism over the intrusiveness of its advanced driver assistance systems (ADAS). Early feedback on the C10 SUV found the safety systems too aggressive for Western drivers, with "incessant, overbearing safety chimes" that distracted drivers. CarExpert reported that the C10's ADAS alerts were too loud and intervention too aggressive, making the car "not suitable for Europeans." Leapmotor International responded by recalibrating the ADAS at Stellantis' Balocco proving ground in Italy, adjusting sound levels and intervention strength. The recalibrated European tune is now applied to all right-hand-drive and overseas versions, including for Australia. The company also introduced a quick menu to help customers switch off certain ADAS features and has continued issuing over-the-air software updates to improve the experience.

Reviewers have also criticized the Leapmotor B10's driving dynamics. The YouTube channel Telescope found that the B10's autonomous driving system was "too conservative and so slow, to the point that it's potentially dangerous," with the car going 20 km/h under the speed limit on freeway curves and forcing other drivers to overtake. The reviewer also criticized the car's touchy throttle response in sport mode and steering setup that was too eager to return to center. These reviews highlight the challenges Leapmotor faces in adapting its vehicles for international markets where driving expectations and road conditions differ from China.

The EU's imposition of additional tariffs on Chinese-made EVs in 2024 created challenges for Leapmotor's international expansion strategy. While the Stellantis partnership and planned local manufacturing in Spain are designed to address these tariffs, the regulatory environment for Chinese EVs in Europe remains uncertain and subject to political developments.

No major safety recalls of Leapmotor vehicles have been issued in China or Europe as of July 2025. The C10 achieved a five-star ANCAP safety rating in Australia, though reviewers noted that the pursuit of top-tier active-safety scores contributed to the overbearing ADAS behavior.

Leapmotor Cars Ownership: Pros & Cons

Advantages

  • +First annual profit achieved in 2025 with revenue doubling to CNY 64.7 billion
  • +Stellantis partnership provides access to global manufacturing network, dealer infrastructure, and regulatory expertise
  • +FAW Group investment adds domestic strategic partner and technology licensing opportunities
  • +Vertically integrated technology development reduces costs and improves margins
  • +900 international sales outlets across 40 countries, with over 800 in Europe
  • +Local manufacturing in Spain starting October 2026 will avoid EU import tariffs
  • +Targeting one million vehicle sales in 2026, implying 68% growth

Considerations

  • -EU tariffs on Chinese-made EVs create headwinds for international expansion
  • -Uzbekistan suspended certification due to electromagnetic interference exceeding safety limits by 16 times
  • -ADAS systems criticized as too intrusive in Western markets, requiring recalibration
  • -Chinese EV purchase tax reinstated at 5% in 2026, reducing demand for affordable segment
  • -Intense competition from BYD, NIO, Li Auto, Xpeng, and Huawei-backed brands in China
  • -Brand recognition challenges in established international markets
  • -Reviewers have criticized vehicle dynamics and autonomous driving performance

Frequently Asked Questions About Leapmotor Cars

Sources & Further Reading

  • Automotive World, "Leapmotor posts first profit, deepens Stellantis ties" (March 2026)
  • Bloomberg, "Leapmotor Expands Stellantis Alliance After Surging Vehicle Sales" (March 2026)
  • CarNewsChina, "Stellantis-backed Leapmotor reaches annual profit for the first time" (March 2026)
  • Reuters, "China's Leapmotor and Stellantis open orders in Europe for budget EVs" (September 2024)
  • BitAuto, "Leapmotor's revenue for 2024 is 32.16 billion yuan" (March 2025)
  • CarExpert, "Leapmotor says intrusive ADAS tuning has been fixed for export markets"
  • Gazeta.uz, "Uzbekistan halts certification of Leapmotor vehicles" (April 2025)
  • InsideEVs, "The Leapmotor B10 Is On Sale In China, But It Still Needs Work"
  • Leapmotor Investor Relations
  • Leapmotor Official Website

Competitors to Leapmotor Cars

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
DenzaDenza
Byd
China
2010
PremiumAsia pacificAll Genders
Geely CarsGeely Cars
Geely
China
1997
Mass marketChinaAll-ages
GWMGWM
Great Wall Motors
China
1984
Mass marketGlobalAll Genders
OMODAOMODA
Chery Automobile
China
2022
Mass marketGlobalAll Genders
CitroenCitroen
Stellantis
France
1919
Mass marketEuropeAll Genders
DS AutomobilesDS Automobiles
Stellantis
France
2009
LuxuryEuropeAll Genders

Learn More About Competitors

DenzaAutomotive

Denza

Owned by BYD Company Limited

Chinese premium electric vehicle brand owned by BYD, producing luxury EVs including the D9 MPV and N9 SUV.

electric-vehiclesevsautomobiles
Geely CarsAutomotive

Geely Cars

Owned by Geely Automobile Holdings

Chinese passenger vehicle brand operated by Geely Automobile Holdings (HK: 0175), producing sedans, SUVs, and MPVs for domestic and international markets.

automobilespassenger-vehiclessedans
GWMAutomotive

GWM

Owned by Great Wall Motor Company Limited

Chinese automotive brand specializing in SUVs and pickup trucks, owned by Great Wall Motors and sold in over 60 countries.

suvpickup-trucksautomobiles
OMODAAutomotive

OMODA

Owned by Chery Automobile Co., Ltd.

Chinese automobile brand owned by Chery Automobile, selling SUVs in 69 global markets with over 1 million cumulative sales as of 2026.

automobilessuvschinese-brand
CitroenAutomotive

Citroen

Owned by Stellantis

French automobile brand producing passenger cars and commercial vehicles, owned by Stellantis N.V. and headquartered in Paris, France.

automobilesfrench-brandpassenger-cars
DS AutomobilesAutomotive

DS Automobiles

Owned by Stellantis

French premium automobile brand owned by Stellantis. Sold 29,042 vehicles in Europe in 2025. Repositioned as a specialty brand under Citroen in 2025.

premium-carsfrench-brandluxury

Competitive Analysis

Market Positioning: Leapmotor Cars competes with 6 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Leapmotor Cars

Looking for brands with different ownership structures? These similar brands are not owned by Leapmotor, giving you alternative choices that support different corporate structures.

Ironman TiresAutomotive

Ironman Tires

Owned by Hercules Tire and Rubber Company

Budget tire brand owned by Hercules Tire and Rubber Company, a subsidiary of American Tire Distributors, offering affordable tires for passenger vehicles, light trucks, and commercial vehicles.

tiresbudget-tiresautomotive
Privately Owned

Ironman Tires is privately owned, unlike Leapmotor Cars which is under a publicly traded parent company.

HyundaiAutomotive

Hyundai

Owned by Hyundai Motor Group

South Korean automobile manufacturer known for its value proposition, quality improvements, and stylish designs in the global automotive market.

korean-carvalue-brandglobal-automaker
Privately Owned

Hyundai is privately owned, unlike Leapmotor Cars which is under a publicly traded parent company.

KiaAutomotive

Kia

Owned by Hyundai Motor Group

South Korean automobile manufacturer known for sporty design and value positioning, part of Hyundai Motor Group.

korean-carvalue-brandsporty-design
Privately Owned

Kia is privately owned, unlike Leapmotor Cars which is under a publicly traded parent company.

Interstate BatteriesAutomotive

Interstate Batteries

Owned by Interstate Battery System of America

American battery distributor founded in 1952, specializing in automotive, commercial, and consumer batteries, headquartered in Dallas, Texas.

batteriesautomotive-batterieslead-acid-batteries
Privately Owned

Interstate Batteries is privately owned, unlike Leapmotor Cars which is under a publicly traded parent company.

JaguarAutomotive

Jaguar

Owned by Tata Group

British luxury automotive brand founded in 1922, owned by Tata Motors of India since 2008 through Jaguar Land Rover Limited, currently undergoing a complete rebrand and transition to an all-electric lineup.

luxuryperformancebritish-brand
Privately Owned

Jaguar is privately owned, unlike Leapmotor Cars which is under a publicly traded parent company.

OMODAAutomotive

OMODA

Owned by Chery Automobile Co., Ltd.

Chinese automobile brand owned by Chery Automobile, selling SUVs in 69 global markets with over 1 million cumulative sales as of 2026.

automobilessuvschinese-brand
State-Owned

OMODA is owned by Chery Automobile Co., Ltd., a state owned company, a different structure than Leapmotor Cars's parent.

Leapmotor Stock Information

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Last reviewed: August 1, 2025 · Reviewed by Who Brands Editorial Team