Leapmotor is a Chinese electric-vehicle maker backed by global automaker Stellantis. The company designs and manufactures EVs and is listed in Hong Kong, giving it access to capital markets for continued expansion. CEO and founder Zhu Jiangming has set ambitious sales targets of one million vehicles per year by 2026 and 4 million vehicles annually within ten years. These objectives place Leapmotor among the most aggressive growth stories in China's rapidly evolving EV sector. The firm recently attracted new strategic capital from state-owned automaker FAW, underscoring strong domestic support. The fresh funding strengthens Leapmotor’s balance sheet as it scales production and competes with peers such as BYD, Xpeng, and Xiaomi in both domestic and future international markets.

Total raised

$532M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2025