Top stories of Leapmotor in 2022

China’s electric vehicle startup, Leapmotor, sailed through a celebratory year in 2022. The startup filed and was approved for a public listing on the Hong Kong Stock Exchange.

Photo credit: Leapmotor

In a bid to reach a higher-end of market segment, Leapmotor, whose mainstay vehicle model was the T03 mini EV (targeting the below-100,000-yuan market), put a premium electric sedan, the C01 (targeting the 200,000-300,000 yuan market), on the market. Moreover, the EV startup introduced its latest CTC (cell-to-chassis) technology, which was firstly deployed onto the C01 sedan. Additionally, the Chinese auto startup disembarked in Israel as a demonstration of the company’s global ambition.

Here is a list of Leapmotor’s top events occurred during 2022.

Leapmotor C11's range-extended version to be delivered from Q1 2023

China’s new energy vehicle startup Leapmotor announced on December 20 that the range-extended version of the C11 will be delivered in the first quarter of 2023.

Currently, Leapmotor C11 only has an all-electric version on the market. The mid-sized pure-electric SUV features a maximum battery capacity of 90kWh, allowing an NEDC range of up to 600km. The full-electric C11 is priced at 179,800 yuan to 229,800 yuan.

Leapmotor celebrates opening of first three overseas stores in Israel

China’s new energy vehicle startup Leapmotor celebrated the grand opening of its first overseas stores in Israel, marking another step forward of the startup’s global deployment.

To be specific, Leapmotor set up two city showrooms and one shopping mall store in Israel. The first store is located in Tel Aviv, the country's second largest city. The store offers a wide range of display models with rich stock vehicles, which can meet consumers' demands for same-day orders and instant pickup.

Leapmotor’s Q3 revenue soars 398.5% YoY with gross margin improving

The HK-listed Chinese new energy vehicle startup, Leapmotor, saw its revenue in the third quarter of 2022 leap roughly 400% year over year, according to the company's financial report on November 14.

In the Jul.-Sept. period, Leapmotor brought in a quarterly revenue of 4.29 billion yuan, representing a 398.5% soar year on year, and a 38.8% jump over the previous quarter. In the period, the company's gross margin reached  negative 8.9%, which continued to improve, compared to the gross margin of  negative 44.5% in Q3 2021, and  negative 25.6% in Q2 2022.

Faurecia, Leapmotor ally on automotive seating supply chain

Faurecia, a company of the world's leading automotive technology group FORVIA, on Sept. 30 inked a strategic cooperation agreement with Chinese new energy vehicle (NEV) startup Leapmotor to jointly deploy a sustainable and high-quality automobile seating supply chain.

As one of main NEV startups in China, Leapmotor has grasped the in-house design, R&D, and manufacturing capabilities for the core systems and electronic components to intelligent electric vehicles. The NEV maker has already delivered such models as the S01, the T03, the C11, and the C01. On Sept. 29, shares of Leapmotor started trade on Hong Kong Stock Exchange.

Leapmotor C01 hits market, starting at 193,800 yuan

China’s electric vehicle startup Leapmotor officially put its latest flagship model, the C01, onto the market on September 28.

Coming with five trim levels, which are differentiated only by battery size and electric motor count, the C01 lineup features a post-subsidy price range of 193,800-286,800 yuan.

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Leapmotor's stock to start trading on Hong Kong Stock Exchange on Sept. 29

China’s electric vehicle startup Leapmotor will be officially listed on the Hong Kong Stock Exchange on September 29, with an initial offering price of HK$48 per share.

According to the announcement, Leapmotor is offering around 131 million shares globally via the IPO. Net proceeds from the offering are estimated to be approximately HK$6.057 billion, after deducting the expenses of underwriting commissions, fees, and other estimated expenses paid and payable by Leapmotor and assuming that the overallotment is not exercised.

Leapmotor sees 100,000th vehicle roll off line

On June 28th, Leapmotor saw its 100,000th vehicle roll off the production line, making it the fifth new energy vehicle startup in China to achieve the milestone after NIO, XPeng, Li Auto, and HOZON Auto.

As a new comer in the auto industry, Leapmotor’s first mass production vehicle, the S01, rolled off the production line on June 28th 2019. Exactly three years from the day, its 100,000th vehicles, a C11 performance, came off the production line. Leapmotor said that it only took the company half a year to produce the second 50,000 vehicles.

China's EV startup Leapmotor launches CTC technology

Chinese EV startup Leapmotor held an online ceremony today to launch the CTC (cell-to-chassis) technology, and said the first mass-produced model to use the technology, the Leapmotor C01, will soon become available for presale.

The CTC is the startup's proprietary technology to install the battery module directly on the steel base plate and embed into the vehicle chassis. Using this technology, a battery pack is typically designed, manufactured, and assembled as an independent component in an EV. To be more specific, the battery cells are laid out on a high-strength frame and sealed as modules, and each module will be eventually embedded into a battery pack.

Leapmotor files for IPO in Hong Kong Stock Exchange

On March 17th, China’s EV startup, Leapmotor, filed for an IPO in Hong Kong Stock Exchange (HKEX), marking the fourth mainland EV maker to start share trading in HKEX.

According to the IPO document, Leapmotor plans to use the raised funds on the R&D of intelligent electric vehicles, improving its production capability, and enhancing its brand awareness.