The Hangzhou-based carmaker, backed by Fiat owner Stellantis, has also raised its overseas sales target by 50 per cent, betting that higher fuel costs and easing trade barriers will bolster demand for Chinese-made EVs.
“None of Chinese EV makers will ignore opportunities offered by overseas markets,” said Qian Kang, who runs a Zhejiang-based supplier of vehicle circuit boards. “Leapmotor’s goal of gaining a foothold in markets like Europe is a result of the rising popularity of Chinese EVs worldwide.”
Advertisement
Founder and CEO Zhu Jiangming said this week that deliveries outside China could exceed 150,000 units in 2026, up from a previous target of 100,000 set in December. Total sales this year are expected to surpass 1 million vehicles, a 40 per cent increase from 2025.

Last month, Leapmotor opened its first overseas research and development hub in Munich, aimed at tailoring models to international customers.
Advertisement
It is also in talks with Stellantis to use the European carmaker’s idle assembly plant in Brampton, Ontario, near Toronto, according to Bloomberg. The company declined to comment on the potential Canadian venture.

Don't Miss:
-
Hong Kong issues amber rainstorm warning as storms follow record heat
-
Young South Koreans embrace ‘plogging’ to cope with climate anxiety
-
Son of James Handy’s girlfriend charged with murder of ‘Top Gun’ actor
-
Why North Korea’s Kim is doubling down on nuclear might as Xi visit looms
-
Does Pete Hegseth’s volte-face on China reflect an America in decline?

Chinese spies are posing as recruiters to target officials and journalists
Genocide the Non Profit Industrial Complex and the Democratic Party
Uncomfortable Undertones in Lee’s Sweep of South Korean Polls