Gasgoo Munich-Leapmotor has surged to the top of Italy's pure electric vehicle market in March, according to industry reports. The brand's registrations in the country hit 5,513 units last month — a staggering 2,827% jump from a year earlier.
Image Credit: Leapmotor
For the first quarter, Leapmotor notched 11,637 registrations in Italy, capturing a 33.5% share of the local EV market. Its grip tightens to 44.6% when looking strictly at retail passenger EVs. On the model front, the T03 was the best-seller, claiming third place in Italy's overall vehicle rankings, while the B10 secured the top spot in the electric C-segment SUV category.
Domestically, Leapmotor delivered 50,000 units across its entire lineup in March, a 35% increase from the previous year. First-quarter sales totaled 110,200 vehicles. To hit its ambitious target of 1 million annual sales, the company will need to average roughly 100,000 deliveries per month moving forward. For context, Leapmotor's peak monthly record in 2025 topped 70,000 units.
On the product front, the A10 officially launched on March 26, bringing LiDAR and advanced driver-assistance features to the sub-100,000 yuan price bracket. Later this month, Leapmotor plans to unveil the new Lafa5 Ultra at the Auto China 2026, while its flagship D19 is scheduled for a global debut on April 16.
Analysts suggest that the A10's ability to sustain volume and the D19's performance in the premium segment will be critical in determining whether Leapmotor can scale its annual sales to new heights.
Leveraging its full-stack in-house development capabilities, Leapmotor has placed several models at the top of value rankings in the 100,000 to 150,000 yuan range. Financially, the company turned its first annual profit in 2025, with net income of 540 million yuan — making it only the second "new force" automaker to achieve profitability after Li Auto.
A company announcement on April 1, 2026, revealed that founder Zhu Jiangming and shareholder Fu Liquan recently purchased a combined 5.08 million shares worth approximately 230 million Hong Kong dollars. Since August 2024, the two have accumulated holdings totaling nearly 1.2 billion Hong Kong dollars. Leapmotor has set its sales target for 2026 at 1 million units.
