Four consecutive months above 100,000
Chinese electric vehicle maker Leapmotor delivered 106,127 vehicles globally in October, a monthly record. Deliveries exceeded 100,000 for a fourth consecutive month.[1], [2]
Analysis
Leapmotor extends its delivery record, with two months left for its annual target
Leapmotor delivered a record 106,127 vehicles in October, its fourth consecutive month above 100,000. Deliveries grew sharply from a year earlier but barely increased from September. The first ten months brought the company to 77.27 per cent of its million-vehicle annual target, requiring a faster monthly pace over November and December.
The annual target requires a higher pace
October volume rose 50.99 per cent year-on-year and 0.45 per cent from September. Both rates slowed from September’s annual increase of 58.51 per cent and monthly gain of 2.45 per cent. January–October deliveries grew 65.88 per cent to 772,666 vehicles, reaching 77.27 per cent of the company’s million-vehicle annual target. Meeting that target requires another 227,334 deliveries in November and December, an average of 113,667 per month. That pace is above October’s actual volume.[1]
Spanish production accompanies overseas expansion
Leapmotor said lifetime global deliveries had passed 1.9 million and expected its two millionth vehicle to leave the production line in November. The company also disclosed that B10 mass production began in October at Zaragoza in Spain. Zaragoza handles vehicles while its Mallén facility assembles battery modules. Outside China, operations are supported by Leapmotor International, its joint venture with carmaker Stellantis. Stellantis holds 51 per cent of the venture, which has exclusive manufacturing and sales rights outside Greater China.[1]