With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.
Leapmotor sets new monthly deliveries record in November 2025
• Who: Leapmotor
• What: Reported record monthly deliveries and announced future sales targets.
• When: Data released on December 1, 2025; November 2025 performance.
• Key Points:
o Leapmotor delivered 70,327 vehicles in November, marking a year-on-year increase of over 75% and setting a new monthly sales record.
o On November 27, the company announced it had achieved its 2025 annual sales target of 500,000 units, one and a half months ahead of schedule, and set a new goal of 1 million units for 2026.
o Financial performance:
2025 Q3 revenue reached 19.45 billion yuan, up 97.3% year-on-year.
Gross margin improved to 14.5%.
The company maintained positive operating cash flow and free cash flow.
o Product updates:
On November 21, at the Auto Guangzhou 2025, Leapmotor debuted the A10, completing its full product matrix across the A/B/C/D segments.
On November 27, Leapmotor put the Lafa5 onto the market, positioned as a “high-appearance sport sedan” targeted at post-95 young lifestyle consumers.
Skyworth EV signs framework cooperation agreement with India's Kaly Emotors
• Who: Skyworth EV (创维汽车) and Kaly Emotors Private Limited (India)
• What: Signed a framework cooperation agreement to expand Skyworth EV's presence in India.
• When: Recently. The news was released on December 1, 2025 via Skyworth EV's WeChat account.
• Key Points:
o The two companies will collaborate on passenger-car product deployment, localized KD production planning, technology adaptation, and market development.
o They will jointly evaluate model introduction plans, KD assembly feasibility, and software and technical integration, while exploring opportunities in marketing, branding, and channel expansion.
o The agreement marks a significant step in Skyworth EV's globalization strategy and efforts to expand into the South Asian market.
o Kaly Emotors, approved as one of India's first pure-electric four-wheel passenger-car companies, is backed by the Deloitte India team, which supports the firm across market entry, compliance, and brand building.
o The partnership leverages the complementary strengths of Skyworth EV's EV capabilities and Kaly Emotors' local resources and market expertise.
DEEAPALl launches new financing round
• Who: DEEAPAL, a new energy vehicle brand under Chang'an Automobile
• What: Initiated a new financing round.
• When: Officially listed on November 26 via Chongqing United Assets and Equity Exchange; transaction expected to close by late December 2025.
• Key Points:
o New investors will obtain no more than 20% equity.
o Funds raised will mainly support: new vehicle R&D, intelligent and electrification technology innovation, and global brand development.
o Existing shareholders plan to participate through non-public agreements at the same pricing as external investors—reflecting confidence in DEEAPAL's future and supporting equity stability.
o Chang'an Automobile's long-term plan: By 2030, the company targets 5 million annual sales, with DEEAPAL contributing 2 million units.
o Global footprint: DEEAPAL has already entered nearly 100 country markets, reducing reliance on any single market and strengthening profitability and brand resilience.
