Core Insights - Leap Motor officially launched its self-developed flagship D platform and the first full-size flagship SUV D19, marking its entry into the luxury flagship market and initiating a new journey for brand elevation [1][5] Group 1: D Platform Innovations - The D platform features several innovations, including an extended range system with an 80.3 kWh battery that achieves a pure electric range of 500 kilometers [3] - The platform introduces a 115 kWh·h super hybrid cell and a smart system equipped with dual 8797 central domain controllers, providing 1280 TOPS of computing power to support VLA assisted driving [3] - The LMC 2.0 chassis integrates puncture control, smooth driving experience, and a 3.6-meter turning radius, along with a "forest oxygen chamber" grade oxygen generation system for enhanced health during travel [3] Group 2: D19 Model Design and Features - The D19 model adopts the "Technology Natural Aesthetics 2.0" design philosophy, incorporating elements of "magnificence, elegance, light and shadow, and nature" into its body details [3] - Notable design features include the "Cosmic Realm" front face, million-pixel DLP projection headlights, and ISD smart interactive light curtain [3] - The D platform integrates global supply chain resources, including CATL battery cells, Qualcomm chips, and Bosch braking systems, to deliver a flagship-level driving experience [3] Group 3: Market Positioning and Strategy - With the launch of the D series, Leap Motor has completed its product lineup across four major series (A, B, C, D), covering various market segments including sedans, SUVs, and MPVs [5] - The D series is positioned to lead Leap Motor's entry into the high-end market, showcasing its systematic competitive capabilities based on fully self-developed technologies [5] - This move aims to shift the flagship market from "price competition" to a new stage of "value reconstruction" [5]

Core Insights - Leap Motor has become the leader among new energy vehicle companies, achieving significant delivery milestones and aiming for global recognition in the industry [1][2] - The company emphasizes a long-term vision, likening the automotive industry to a marathon where continuous improvement is essential for success [1] - Leap Motor's strategy focuses on technological innovation, self-research capabilities, and maintaining competitive pricing while ensuring high-quality products [2][3] Company Strategy - Leap Motor attributes its leadership to factors such as technological innovation, comprehensive self-research, efficiency, agility, and rapid iteration [2] - The company has achieved a self-research rate of 65% for core electronic components, allowing for better cost control and innovation freedom [2] - Leap Motor plans to expand its self-research capabilities to include high-value components, such as automotive air conditioning compressors, which will be mass-produced in 2025 [4] Product Development - The company aims to enhance its product offerings by focusing on "upgrading" and providing sincere value to customers, with a goal of achieving better user reputation [5] - The launch of the flagship D platform and the D19 model is a strategic move to penetrate the luxury market, showcasing advanced technologies and competitive pricing [5][6] - Leap Motor's D series is positioned as high-end but affordable, with a commitment to maintaining reasonable profit margins across all vehicle series [7] Future Outlook - The company plans to introduce two to three D series products and two A series products by 2026, anticipating significant sales growth [7]

Core Viewpoint - Leap Motor has become the leading new force in the automotive industry, with CEO Zhu Jiangming emphasizing that the automotive sector is a marathon where continuous effort is essential to succeed [2][5]. Group 1: Company Performance - Leap Motor has led the new force segment for seven consecutive months before September 2025, achieving a delivery volume of 66,700 vehicles in September alone [4]. - The company reached a significant milestone by producing its one-millionth vehicle on September 25, becoming the second new force after Li Auto to enter the "million club" [6]. Group 2: Strategic Goals - Leap Motor aims to become a world-class new energy vehicle manufacturer, with a focus on continuous improvement and leveraging its strengths [5]. - The company plans to expand its self-research capabilities to include high-value components, which it previously did not specialize in [10]. Group 3: Technological Innovation - Leap Motor attributes its leading position to technological innovation, comprehensive self-research, efficiency, agility, and rapid iteration [7]. - The company has developed its own intelligent electric technology platform, LEAP, which integrates advanced features such as assisted driving and deep cabin integration [8]. Group 4: Product Strategy - Leap Motor emphasizes a strategy of integrating technological capabilities to produce high-quality products at reasonable prices, adhering to the principle of "good but not expensive" [9][15]. - The launch of the flagship D platform and the D19 model aims to challenge the luxury market while maintaining competitive pricing, with a target of offering a "million-level experience at a 300,000 yuan price" [14][16]. Group 5: Future Outlook - Leap Motor plans to introduce two to three D series products and two A series products in 2026, anticipating significant sales growth [18].

Core Insights - Leap Motor officially launched its flagship D platform and the D19 SUV, marking its entry into the luxury flagship market with a focus on technological strength and user experience [1][3][14] Group 1: Product Launch and Market Positioning - The D platform represents Leap Motor's ten years of technological accumulation and aims to redefine the luxury SUV segment by offering high-end features at a more accessible price point [3][5] - The D19 SUV is designed to set new standards for the 300,000 RMB luxury SUV market, emphasizing advanced technology and user comfort [9][11] Group 2: Technological Innovations - The D platform features several industry-first technologies, including an 80.3 kWh battery for a 500 km electric range and a dual 8797 central domain controller for advanced driving assistance [7][5] - The platform integrates a range of high-quality components from leading suppliers, ensuring a premium user experience [7][5] Group 3: Financial Performance and Growth - Leap Motor achieved nearly 400,000 cumulative deliveries by September 2025, leading the new energy vehicle sector and achieving a positive net profit for the first half of 2025 [3][14] - The company has expanded its presence in over 30 countries, establishing nearly 700 sales and service outlets, with strong performance in key European markets [3][14] Group 4: Brand Strategy and Partnerships - The appointment of artist Fei Xiang as the brand ambassador for the D series aligns with Leap Motor's focus on quality and user experience, appealing to a rational consumer base [12][14] - The collaboration signals Leap Motor's commitment to long-term growth and innovation in the increasingly competitive electric vehicle market [14]

Core Insights - Leap Motor officially launched its flagship D19 model, marking a significant step in its high-end strategy with advanced technology integration [1][2] - The D19 features Qualcomm's Snapdragon dual 8797 integrated chip, achieving a computing power of 640 TOPS, which enhances its smart cockpit capabilities [1] - The company aims to differentiate itself in the increasingly competitive high-end electric vehicle market, facing challenges from tech giants and traditional luxury brands [2] Product and Technology - The D19 is the largest and highest-positioned product in Leap Motor's history, available in both pure electric and range-extended versions [1] - It boasts a three-motor all-wheel drive system, achieving acceleration in three seconds for pure electric and four seconds for range-extended models [1] - Leap Motor has invested over 10 billion yuan in R&D, with over 95% of key components developed in-house, enhancing its competitive edge [2][3] Market Performance - In September, Leap Motor achieved a monthly delivery of 66,657 vehicles, contributing to a total of 221,664 vehicles delivered in the first half of 2025, a 155.7% increase year-on-year [2] - The company's revenue reached 24.25 billion yuan, a 174% increase, with a gross margin of 14.1%, marking a record high for the company [2] - Leap Motor has established around 1,700 stores globally, including approximately 700 overseas, supporting the sales of the D19 [2] Strategic Collaborations - Leap Motor has innovated its cooperation model, supplying components to other automakers and expanding its battery supply business [3] - A strategic cooperation memorandum was signed with FAW Group to jointly develop new energy vehicles and components, enhancing resource collaboration [3] Global Expansion - In the first seven months of 2025, Leap Motor exported 24,980 vehicles, leading among new energy vehicle companies [4] - The company has established around 600 sales and service outlets in 30 markets, including over 550 in Europe, with plans for a local production base by the end of 2026 [4]

Core Viewpoint - Leap Motor has launched its flagship D platform, aiming to elevate its brand positioning while emphasizing self-research and technological innovation, with 80% of its R&D personnel and 65% of core components being self-developed [1][3]. Group 1: Product and Technology - The D platform is designed to offer "million-level experience at a 300,000-level price," breaking the industry norm that associates flagship products with high prices through cost optimization via self-research [1]. - The D platform features six industry-first technologies, including the world's largest hybrid battery (80.3 kWh) and a 115 kWh super hybrid cell, addressing the "impossible triangle" of battery energy, safety, and lifespan [1][2]. - The D19 model incorporates advanced features such as the VLA world model assisted driving system, which integrates high-precision sensing components for comprehensive vehicle navigation [2]. Group 2: Market Position and Growth - The flagship product segment is expected to experience explosive growth, with the Chinese new energy vehicle market projected to reach 16.5 million units by 2025, achieving a domestic penetration rate of over 55% [2]. - Leap Motor aims to cater to the mainstream market with its ABCD series, with the D series enhancing its flagship product matrix and supporting its international strategy [3]. - In 2024, Leap Motor plans to deliver nearly 300,000 vehicles, achieving a doubling of growth and ranking 11th among global new energy brands [3].

Core Viewpoint - Leap Motor has achieved significant milestones in the automotive industry, becoming the second Chinese company to reach the "one million club" in vehicle production within ten years, with a record of 343 days to produce the last 500,000 units [5][7][28]. Group 1: Market Position and Sales Performance - Leap Motor's monthly sales surged from 30,000 to 66,000 units within six months, leading the new forces in the automotive sector and setting a new record for monthly deliveries since the inception of new energy vehicle manufacturers [7][10]. - By September 2025, Leap Motor's sales figures matched those of major foreign brands like Nissan and Honda in China, and it frequently surpassed Tesla's sales in China during August [10][11]. Group 2: Product Strategy and Consumer Focus - Leap Motor shifted its product strategy to focus on the mainstream family market, launching the C11 SUV, which became a best-seller with monthly sales exceeding 10,000 units since its launch in 2021 [11][12]. - The company offers both pure electric and range-extended powertrain options across its models, addressing diverse consumer needs and enhancing user choice [12][13]. Group 3: Cost Management and R&D Strategy - Leap Motor's self-research ratio for core components exceeds 65%, allowing it to achieve cost advantages and maintain a gross margin of 14.1% in the first half of the year [16][17]. - The company has pioneered technologies such as the CTC (Cell to Chassis) integration, which improves range by 10% and reduces structural costs by approximately 15% [17][19]. Group 4: Global Expansion and Strategic Partnerships - Leap Motor has established nearly 700 sales and service outlets across 30 countries, leveraging Stellantis' distribution network for efficient market penetration [21][23]. - The company plans to set up a localized production base in Europe by the end of 2026, aiming to create a closed loop of "Chinese technology, European manufacturing, and global sales" [25][27]. Group 5: Future Outlook - With the production of its one millionth vehicle and achieving profitability, Leap Motor is entering a new phase of scalable and sustainable growth, emphasizing the balance between scale effects and technological innovation [28].

Core Insights - The article highlights the competitive landscape of the automotive industry, focusing on the ongoing debate between self-research and external procurement of core technologies. Traditional automakers are shifting towards sourcing key technologies from the Chinese supply chain, with self-researched solutions gaining prominence [3][6][12]. Group 1: Company Achievements - Leap Motor has achieved significant milestones, including the production of its one-millionth vehicle, becoming the second Chinese new energy vehicle company to reach this milestone after Li Auto [6][8]. - In September, Leap Motor reported a monthly delivery of 66,657 vehicles, marking a record for new force brands and maintaining its position as the sales leader for seven consecutive months [6][10]. - The company is projected to deliver 144,155 vehicles in 2023, a year-on-year increase of nearly 30%, and aims for approximately 300,000 deliveries in 2024, representing a growth of about 103.8% [8][10]. Group 2: Growth Dynamics - Leap Motor's growth trajectory is characterized by a rapid increase in delivery rates, with a cumulative delivery of 395,516 vehicles from January to September 2025, and a monthly growth rate exceeding 97% in September [10][12]. - The company has demonstrated a unique market logic and product competitiveness, maintaining growth despite a slowing market and increasing price wars [10][12]. Group 3: Technological Strategy - Leap Motor's core strategy revolves around "full-domain self-research," which has led to significant technological advancements in areas such as electric drive systems and integrated battery chassis technology [12][14]. - The self-research approach allows the company to quickly adapt to market demands and technological trends, reducing reliance on suppliers and enhancing pricing power [12][14]. Group 4: Market Positioning - The company has developed a comprehensive product matrix covering various segments, including sedans, SUVs, and MPVs, ensuring a broad market appeal [16][18]. - Leap Motor's "good but not expensive" strategy is rooted in its self-research capabilities, allowing it to offer high-quality products at competitive prices [14][18]. Group 5: Operational Excellence - The one-million vehicle milestone reflects Leap Motor's robust capabilities in supply chain management, production, quality control, and market strategy [20][22]. - The company has successfully expanded into international markets, exporting over 30,000 vehicles and ranking first among Chinese new energy brands in this regard [20][22]. Group 6: Financial Performance - Leap Motor achieved its first half-year profit in 2025, becoming the second new force car company to do so, indicating a shift towards sustainable profitability [22][24]. - The company has been recognized in the Fortune China 500 and the China Top 500 Private Enterprises lists, underscoring its successful business model based on core technology and cost control [24].

Core Insights - Leap Motor has officially reached a milestone by producing its one millionth vehicle, becoming the second Chinese new energy vehicle manufacturer to join the "million club" [1][4] - The company achieved this milestone in just 343 days, reflecting a significant acceleration in production speed compared to the previous 50,000 units, which took five years to reach [4][6] - Leap Motor's sales performance has been strong, with a record monthly delivery of 66,657 vehicles in September, maintaining its position as the top-selling new energy vehicle brand for seven consecutive months [1][6] Growth and Profitability - Leap Motor's rapid growth is characterized by a dual breakthrough in scale and profitability, transitioning from a technology development phase to a stage of efficiency and scale release [4][6] - The company reported a net profit of RMB 30 million in the first half of 2025, making it the second new energy vehicle manufacturer in China to achieve profitability [6][9] - Leap Motor's cumulative delivery from January to September 2025 surpassed 395,516 vehicles, leading the sales rankings among new energy brands in China [6][8] Strategic Initiatives - The company's self-research strategy, with a self-research ratio of 65%, has significantly reduced supply chain costs and established a technological moat [9][11] - Leap Motor's R&D investment reached RMB 1.89 billion in the first half of 2025, resulting in a record gross margin of 14.1% [11] - The company has developed a comprehensive product matrix with four series, focusing on high cost-performance to attract mainstream consumers [12][19] International Expansion - Leap Motor has partnered with Stellantis Group to accelerate its international market penetration, establishing nearly 700 sales and service outlets across over 30 countries [14][16] - The company has achieved over 30,000 vehicle deliveries in overseas markets from January to August 2025, ranking first among Chinese new energy brands [14][16] - Leap Motor's performance in the German market has been particularly notable, surpassing BYD to become the top player in the pure electric vehicle segment [14][19] Brand Positioning - Leap Motor is preparing to launch its D series, aiming to enter the 300,000 RMB market segment while addressing challenges related to brand perception [17][19] - The D series will feature advanced technology and is expected to begin production in the first quarter of the following year [17][19] - The introduction of the Lafa5 model is anticipated to enhance the brand's appeal among urban youth, with plans for global market entry by 2026 [19]

Core Viewpoint - Leapmotor has successfully navigated challenges in the electric vehicle market, achieving significant milestones including a successful IPO in Hong Kong and a strategic partnership with Stellantis, which marks a pivotal moment in its international expansion [4][14]. Group 1: Company History and Development - Leapmotor was founded in 2015, initially experiencing smooth team formation and product development, with early investment from Sequoia China in December 2017 [7]. - The company faced significant challenges in 2019 when the S01 model launched to lukewarm reception, leading to financial pressures and a critical need for funding [8]. - Despite a difficult financing environment from 2019 to 2020, Leapmotor's leadership, including CEO Zhu Jiangming, personally invested 1.5 billion yuan to ensure employee salaries for three years [8]. Group 2: IPO and Market Performance - Leapmotor successfully listed on the Hong Kong Stock Exchange on September 29, 2022, becoming the only new energy vehicle company to do so that year [13]. - The T03 model has gained popularity, achieving 200,000 users and providing essential cash flow, while the C11 model reflects the company's commitment to high-quality, competitively priced vehicles [11][13]. Group 3: Strategic Partnerships and International Expansion - On October 26, 2023, Leapmotor announced a strategic investment of 1.5 billion euros from Stellantis, acquiring approximately 20% of the company and forming a joint venture named Leapmotor International [14]. - The international expansion strategy has led to the launch of the C10 and T03 models in Europe by September 2024, with nearly 50,000 units exported within a year [15]. Group 4: Domestic Market Growth - Leapmotor celebrated the production of its one millionth vehicle in September 2023, achieving this milestone in just 343 days [17]. - The company has made its debut on the 2025 Fortune China 500 and the China Private Enterprises 500 lists, showcasing its growing influence in the market [17].