Leapmotor posts first half-yearly profit, targets one million sales in 2026
The result is a marked turnaround from a ¥2.2 billion (A$4.7bn) loss over the same period last year, with an operating profit of 14.1 per cent being the highest since the company was formed in 2015.
It's only the second Chinese automotive start-up to post a half-yearly profit after Li Auto – which is not present in Australia – announced a ¥11.8 billion ($A2.55bn) profit in the first half of 2024 and continues to operate profitably.
Leapmotor sold more than 50,000 vehicles in a month for the first time in July 2025 and has increased its global sales target for 2025, from 290,000 to 500,000 sales, as it sets its sights on its first full-year profit.
CarExpert can save you thousands on a new Leapmotor. Click here to get a great deal.
Above: Leapmotor C10
Leapmotor launched in Australia in late 2024 with its C10 mid-size SUV, which was initially released as an electric vehicle (EV) and then joined by an extended-range electric vehicle (EREV) powertrain option dubbed as REEV.
To the end of July this year, Leapmotor has sold 352 examples of the C10, which is currently priced from $43,888 drive-away (C10 REEV) and $45,888 drive-away (C10 EV).
It's expected to confirm a second model for its local lineup, the B10 electric SUV, which could land here by the end of 2025.
In Europe, its most popular model is the Polish-made T03 electric city car – not confirmed for Australia – priced around £16,000 ($A33,450), making it one of the most affordable EVs on sale.
Above: Leapmotor B10
Leapmotor is expected to reveal a small electric hatch called the B05 at the Munich motor show next month.
Dutch-based Stellantis has a majority stake in Leapmotor's international operations, its first China venture. Stellantis also owns brands including Alfa Romeo, Maserati, Jeep, Fiat, Peugeot and Chrysler.
The Leapmotor profit marks a reversal of fortunes for Stellantis, which posted a €2.3 billion ($A4.15bn) loss overall in the first half of 2025 after a €5.6 billion ($A10.1bn) profit in the first six months of 2024.
It delivered six per cent fewer vehicles in total, including 25 per cent fewer in the US, six per cent fewer in Europe, and six per cent fewer in the China/India/Asia Pacific region, which includes Australia.
Deliveries in South America improved by 20 per cent in H1, in one of Leapmotor's few positive results so far in 2025.
Above: Leapmotor T03
Among its brands, Alfa Romeo also posted strong sales in the first half of 2025, up 20 per cent, but speculation persists – despite repeated denials from Stellantis – that Maserati is up for sale, following a 32 per cent H1 decline.
Stellantis' overall result was impacted by changes brought on by US import tariffs – both automotive-specific and broader tariffs on materials – which hit Maserati especially hard, given it's the brand's biggest market.
Amid the headwinds, Antonio Filosa took over the company as Stellantis CEO from June 2025, after Carlos Taveras stepped down in dramatic fashion last December.
MORE: Explore the Leapmotor showroom
Content originally sourced from: CarExpert.com.au
Stellantis Group's Chinese partner Leapmotor turned around a loss in the first half of last year to post a ¥30 million (A$6.5m) profit for the first six months (H1) of 2025.
The result is a marked turnaround from a ¥2.2 billion (A$4.7bn) loss over the same period last year, with an operating profit of 14.1 per cent being the highest since the company was formed in 2015.
It's only the second Chinese automotive start-up to post a half-yearly profit after Li Auto – which is not present in Australia – announced a ¥11.8 billion ($A2.55bn) profit in the first half of 2024 and continues to operate profitably.
Leapmotor sold more than 50,000 vehicles in a month for the first time in July 2025 and has increased its global sales target for 2025, from 290,000 to 500,000 sales, as it sets its sights on its first full-year profit.
CarExpert can save you thousands on a new Leapmotor. Click here to get a great deal.
Above: Leapmotor C10
Leapmotor launched in Australia in late 2024 with its C10 mid-size SUV, which was initially released as an electric vehicle (EV) and then joined by an extended-range electric vehicle (EREV) powertrain option dubbed as REEV.
To the end of July this year, Leapmotor has sold 352 examples of the C10, which is currently priced from $43,888 drive-away (C10 REEV) and $45,888 drive-away (C10 EV).
It's expected to confirm a second model for its local lineup, the B10 electric SUV, which could land here by the end of 2025.
In Europe, its most popular model is the Polish-made T03 electric city car – not confirmed for Australia – priced around £16,000 ($A33,450), making it one of the most affordable EVs on sale.
Above: Leapmotor B10
Leapmotor is expected to reveal a small electric hatch called the B05 at the Munich motor show next month.
Dutch-based Stellantis has a majority stake in Leapmotor's international operations, its first China venture. Stellantis also owns brands including Alfa Romeo, Maserati, Jeep, Fiat, Peugeot and Chrysler.
The Leapmotor profit marks a reversal of fortunes for Stellantis, which posted a €2.3 billion ($A4.15bn) loss overall in the first half of 2025 after a €5.6 billion ($A10.1bn) profit in the first six months of 2024.
It delivered six per cent fewer vehicles in total, including 25 per cent fewer in the US, six per cent fewer in Europe, and six per cent fewer in the China/India/Asia Pacific region, which includes Australia.
Deliveries in South America improved by 20 per cent in H1, in one of Leapmotor's few positive results so far in 2025.
Above: Leapmotor T03
Among its brands, Alfa Romeo also posted strong sales in the first half of 2025, up 20 per cent, but speculation persists – despite repeated denials from Stellantis – that Maserati is up for sale, following a 32 per cent H1 decline.
Stellantis' overall result was impacted by changes brought on by US import tariffs – both automotive-specific and broader tariffs on materials – which hit Maserati especially hard, given it's the brand's biggest market.
Amid the headwinds, Antonio Filosa took over the company as Stellantis CEO from June 2025, after Carlos Taveras stepped down in dramatic fashion last December.
MORE: Explore the Leapmotor showroom
Content originally sourced from: CarExpert.com.au
Stellantis Group's Chinese partner Leapmotor turned around a loss in the first half of last year to post a ¥30 million (A$6.5m) profit for the first six months (H1) of 2025.
The result is a marked turnaround from a ¥2.2 billion (A$4.7bn) loss over the same period last year, with an operating profit of 14.1 per cent being the highest since the company was formed in 2015.
It's only the second Chinese automotive start-up to post a half-yearly profit after Li Auto – which is not present in Australia – announced a ¥11.8 billion ($A2.55bn) profit in the first half of 2024 and continues to operate profitably.
Leapmotor sold more than 50,000 vehicles in a month for the first time in July 2025 and has increased its global sales target for 2025, from 290,000 to 500,000 sales, as it sets its sights on its first full-year profit.
CarExpert can save you thousands on a new Leapmotor. Click here to get a great deal.
Above: Leapmotor C10
Leapmotor launched in Australia in late 2024 with its C10 mid-size SUV, which was initially released as an electric vehicle (EV) and then joined by an extended-range electric vehicle (EREV) powertrain option dubbed as REEV.
To the end of July this year, Leapmotor has sold 352 examples of the C10, which is currently priced from $43,888 drive-away (C10 REEV) and $45,888 drive-away (C10 EV).
It's expected to confirm a second model for its local lineup, the B10 electric SUV, which could land here by the end of 2025.
In Europe, its most popular model is the Polish-made T03 electric city car – not confirmed for Australia – priced around £16,000 ($A33,450), making it one of the most affordable EVs on sale.
Above: Leapmotor B10
Leapmotor is expected to reveal a small electric hatch called the B05 at the Munich motor show next month.
Dutch-based Stellantis has a majority stake in Leapmotor's international operations, its first China venture. Stellantis also owns brands including Alfa Romeo, Maserati, Jeep, Fiat, Peugeot and Chrysler.
The Leapmotor profit marks a reversal of fortunes for Stellantis, which posted a €2.3 billion ($A4.15bn) loss overall in the first half of 2025 after a €5.6 billion ($A10.1bn) profit in the first six months of 2024.
It delivered six per cent fewer vehicles in total, including 25 per cent fewer in the US, six per cent fewer in Europe, and six per cent fewer in the China/India/Asia Pacific region, which includes Australia.
Deliveries in South America improved by 20 per cent in H1, in one of Leapmotor's few positive results so far in 2025.
Above: Leapmotor T03
Among its brands, Alfa Romeo also posted strong sales in the first half of 2025, up 20 per cent, but speculation persists – despite repeated denials from Stellantis – that Maserati is up for sale, following a 32 per cent H1 decline.
Stellantis' overall result was impacted by changes brought on by US import tariffs – both automotive-specific and broader tariffs on materials – which hit Maserati especially hard, given it's the brand's biggest market.
Amid the headwinds, Antonio Filosa took over the company as Stellantis CEO from June 2025, after Carlos Taveras stepped down in dramatic fashion last December.
MORE: Explore the Leapmotor showroom
Content originally sourced from: CarExpert.com.au
Stellantis Group's Chinese partner Leapmotor turned around a loss in the first half of last year to post a ¥30 million (A$6.5m) profit for the first six months (H1) of 2025.
The result is a marked turnaround from a ¥2.2 billion (A$4.7bn) loss over the same period last year, with an operating profit of 14.1 per cent being the highest since the company was formed in 2015.
It's only the second Chinese automotive start-up to post a half-yearly profit after Li Auto – which is not present in Australia – announced a ¥11.8 billion ($A2.55bn) profit in the first half of 2024 and continues to operate profitably.
Leapmotor sold more than 50,000 vehicles in a month for the first time in July 2025 and has increased its global sales target for 2025, from 290,000 to 500,000 sales, as it sets its sights on its first full-year profit.
CarExpert can save you thousands on a new Leapmotor. Click here to get a great deal.
Above: Leapmotor C10
Leapmotor launched in Australia in late 2024 with its C10 mid-size SUV, which was initially released as an electric vehicle (EV) and then joined by an extended-range electric vehicle (EREV) powertrain option dubbed as REEV.
To the end of July this year, Leapmotor has sold 352 examples of the C10, which is currently priced from $43,888 drive-away (C10 REEV) and $45,888 drive-away (C10 EV).
It's expected to confirm a second model for its local lineup, the B10 electric SUV, which could land here by the end of 2025.
In Europe, its most popular model is the Polish-made T03 electric city car – not confirmed for Australia – priced around £16,000 ($A33,450), making it one of the most affordable EVs on sale.
Above: Leapmotor B10
Leapmotor is expected to reveal a small electric hatch called the B05 at the Munich motor show next month.
Dutch-based Stellantis has a majority stake in Leapmotor's international operations, its first China venture. Stellantis also owns brands including Alfa Romeo, Maserati, Jeep, Fiat, Peugeot and Chrysler.
The Leapmotor profit marks a reversal of fortunes for Stellantis, which posted a €2.3 billion ($A4.15bn) loss overall in the first half of 2025 after a €5.6 billion ($A10.1bn) profit in the first six months of 2024.
It delivered six per cent fewer vehicles in total, including 25 per cent fewer in the US, six per cent fewer in Europe, and six per cent fewer in the China/India/Asia Pacific region, which includes Australia.
Deliveries in South America improved by 20 per cent in H1, in one of Leapmotor's few positive results so far in 2025.
Above: Leapmotor T03
Among its brands, Alfa Romeo also posted strong sales in the first half of 2025, up 20 per cent, but speculation persists – despite repeated denials from Stellantis – that Maserati is up for sale, following a 32 per cent H1 decline.
Stellantis' overall result was impacted by changes brought on by US import tariffs – both automotive-specific and broader tariffs on materials – which hit Maserati especially hard, given it's the brand's biggest market.
Amid the headwinds, Antonio Filosa took over the company as Stellantis CEO from June 2025, after Carlos Taveras stepped down in dramatic fashion last December.
MORE: Explore the Leapmotor showroom
Content originally sourced from: CarExpert.com.au
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Chinese government officials have shown off what they say will be the world's largest solar farm. It's on a Tibetan plateau and covers 610 square kilometres, which is the size of Chicago. China has been installing solar panels far faster than anywhere else in the world, and the investment is starting to pay off. A study released Thursday found that the country's carbon emissions edged down one per cent in the first six months of 2025 compared to a year earlier, extending a trend that began in March 2024. The good news is China's carbon emissions may have peaked well ahead of a government target of doing so before 2030. But China, the world's biggest emitter of greenhouse gases, will need to bring them down much more sharply to play its part in slowing global climate change. For China to reach its declared goal of carbon neutrality by 2060, emissions would need to fall three per cent on average over the next 35 years, said Lauri Myllyvirta, the Finland-based author of the study and lead analyst at the Centre for Research on Energy and Clean Air. "China needs to get to that three per cent territory as soon as possible," he said. China's emissions have fallen before during economic slowdowns. What's different this time is electricity demand is growing — up 3.7 per cent in the first half of this year — but the increase in power from solar, wind and nuclear has easily outpaced that, according to Myllyvirta, who analyses the most recent data in a study published on the UK-based Carbon Brief website. "We're talking really for the first time about a structural declining trend in China's emissions," he said. China installed 212 gigawatts of solar capacity in the first six months of the year, more than America's entire capacity of 178 gigawatts as of the end of 2024, the study said. Electricity from solar has overtaken hydropower in China and is poised to surpass wind this year to become the country's largest source of clean energy. Some 51 gigawatts of wind power were added from January to June. Li Shuo, the director of the China Climate Hub at the Asia Society Policy Institute in Washington, described the plateauing of China's carbon emissions as a turning point in the effort to combat climate change. "This is a moment of global significance, offering a rare glimmer of hope in an otherwise bleak climate landscape," he wrote in an email response. It also shows that a country can cut emissions while still growing economically, he said. But Li cautioned that China's heavy reliance on coal remains a serious threat to progress on climate and said the economy needs to shift to less resource-intensive sectors. "There's still a long road ahead," he said. A seemingly endless expanse of solar panels stretches toward the horizon on the Tibetan plateau. White two-story buildings rise above them at regular intervals. In an area that is largely desert, the massive solar project has wrought a surprising change on the landscape. The panels act as windbreaks to reduce dust and sand and slow soil evaporation, giving vegetation a foothold. Thousands of sheep, dubbed "photovoltaic sheep," graze happily on the scrubby plants. Wang Anwei, the energy administration chief of Hainan Prefecture, called it a "win-win" situation on multiple levels. "In terms of production, enterprises generate electricity on the top level, and in terms of ecology, grass grows at the bottom under the solar panels, and villagers can herd sheep in between," he said. Solar panels have been installed on about two-thirds of the land, with power already flowing from completed phases. When fully complete, the project will have more than seven million panels and be capable of generating enough power for five million households. Like many of China's solar and wind farms, it was built in the relatively sparsely populated west. A major challenge is getting electricity to the population centres and factories in China's east. "The distribution of green energy resources is perfectly misaligned with the current industrial distribution of our country," Zhang Jinming, the vice governor of Qinghai province, told journalists on a government-organised tour. Part of the solution is building transmission lines traversing the country. One connects Qinghai to Henan province. Two more are planned, including one to Guangdong province in the southeast, almost at the opposite corner of the country. Making full use of the power is hindered by the relatively inflexible way that China's electricity grid is managed, tailored to the steady output of coal plants rather than more variable and less predictable wind and solar, Myllyvirta said. "This is an issue that the policymakers have recognised and are trying to manage, but it does require big changes to the way coal-fired power plants operate and big changes to the way the transmission network operates," he said. "So it's no small task." Chinese government officials have shown off what they say will be the world's largest solar farm. It's on a Tibetan plateau and covers 610 square kilometres, which is the size of Chicago. China has been installing solar panels far faster than anywhere else in the world, and the investment is starting to pay off. A study released Thursday found that the country's carbon emissions edged down one per cent in the first six months of 2025 compared to a year earlier, extending a trend that began in March 2024. The good news is China's carbon emissions may have peaked well ahead of a government target of doing so before 2030. But China, the world's biggest emitter of greenhouse gases, will need to bring them down much more sharply to play its part in slowing global climate change. For China to reach its declared goal of carbon neutrality by 2060, emissions would need to fall three per cent on average over the next 35 years, said Lauri Myllyvirta, the Finland-based author of the study and lead analyst at the Centre for Research on Energy and Clean Air. "China needs to get to that three per cent territory as soon as possible," he said. China's emissions have fallen before during economic slowdowns. What's different this time is electricity demand is growing — up 3.7 per cent in the first half of this year — but the increase in power from solar, wind and nuclear has easily outpaced that, according to Myllyvirta, who analyses the most recent data in a study published on the UK-based Carbon Brief website. "We're talking really for the first time about a structural declining trend in China's emissions," he said. China installed 212 gigawatts of solar capacity in the first six months of the year, more than America's entire capacity of 178 gigawatts as of the end of 2024, the study said. Electricity from solar has overtaken hydropower in China and is poised to surpass wind this year to become the country's largest source of clean energy. Some 51 gigawatts of wind power were added from January to June. Li Shuo, the director of the China Climate Hub at the Asia Society Policy Institute in Washington, described the plateauing of China's carbon emissions as a turning point in the effort to combat climate change. "This is a moment of global significance, offering a rare glimmer of hope in an otherwise bleak climate landscape," he wrote in an email response. It also shows that a country can cut emissions while still growing economically, he said. But Li cautioned that China's heavy reliance on coal remains a serious threat to progress on climate and said the economy needs to shift to less resource-intensive sectors. "There's still a long road ahead," he said. A seemingly endless expanse of solar panels stretches toward the horizon on the Tibetan plateau. White two-story buildings rise above them at regular intervals. In an area that is largely desert, the massive solar project has wrought a surprising change on the landscape. The panels act as windbreaks to reduce dust and sand and slow soil evaporation, giving vegetation a foothold. Thousands of sheep, dubbed "photovoltaic sheep," graze happily on the scrubby plants. Wang Anwei, the energy administration chief of Hainan Prefecture, called it a "win-win" situation on multiple levels. "In terms of production, enterprises generate electricity on the top level, and in terms of ecology, grass grows at the bottom under the solar panels, and villagers can herd sheep in between," he said. Solar panels have been installed on about two-thirds of the land, with power already flowing from completed phases. When fully complete, the project will have more than seven million panels and be capable of generating enough power for five million households. Like many of China's solar and wind farms, it was built in the relatively sparsely populated west. A major challenge is getting electricity to the population centres and factories in China's east. "The distribution of green energy resources is perfectly misaligned with the current industrial distribution of our country," Zhang Jinming, the vice governor of Qinghai province, told journalists on a government-organised tour. Part of the solution is building transmission lines traversing the country. One connects Qinghai to Henan province. Two more are planned, including one to Guangdong province in the southeast, almost at the opposite corner of the country. Making full use of the power is hindered by the relatively inflexible way that China's electricity grid is managed, tailored to the steady output of coal plants rather than more variable and less predictable wind and solar, Myllyvirta said. "This is an issue that the policymakers have recognised and are trying to manage, but it does require big changes to the way coal-fired power plants operate and big changes to the way the transmission network operates," he said. "So it's no small task."
