Commercial NEV manufacturers reportedly start receiving battery packs from Leapmotor.
Leapmotor, a publicly traded company on the Hong Kong Stock Exchange (HKG: 9863), has made significant strides in the new energy vehicle (NEV) sector by expanding its business to include the supply of in-house developed battery packs to commercial vehicle manufacturers.
This strategic move, led by Leapmotor's subsidiary Lingxiao Energy, is enhancing the company's market share and position in the NEV sector. By designing, assembling, and supplying battery packs using cells purchased from suppliers like CATL, Leapmotor is pursuing greater vertical integration, similar to the successful model employed by BYD.
The entry into the commercial vehicle battery pack supply business allows Leapmotor to diversify beyond vehicle manufacturing, receiving orders from over five NEV manufacturers, including Seazon Motor. This move into a sector with somewhat lower entry barriers enables Leapmotor to scale its battery technology expertise and increase revenues from multiple fronts.
Leapmotor's CEO, Zhu Jiangming, envisions increasing in-house development capabilities across core vehicle systems and intelligent vehicle features, thereby reducing costs and enhancing competitiveness. The component supply business not only offers cost advantages but also opens external market opportunities, allowing Leapmotor to replicate BYD’s dual approach of selling complete vehicles and supplying key components externally.
This strategic approach has reinforced Leapmotor's fast-growing status, as evidenced by its record vehicle deliveries exceeding 50,000 units in July 2025, and strong year-over-year growth. The component supply expansion also benefits battery cell suppliers like CATL by creating an intermediary that broadens their reach into the commercial vehicle segment through Leapmotor's assembly and supply capabilities.
In summary, Leapmotor's supply of in-house developed battery packs to commercial vehicle manufacturers is strategically expanding its market share, deepening vertical integration, and positioning the company as both a vehicle and key component supplier within the competitive NEV sector. This move supports its continued rapid growth and ambition to become a significant player not only in passenger vehicles but also in commercial electric vehicle markets domestically and potentially internationally.
[1] Leapmotor establishes joint venture with Stellantis called Leapmotor International. [2] Leapmotor aims to target the higher-priced market with its new D-series product line. [3] Leapmotor's supply of in-house developed battery packs to commercial vehicle manufacturers marks a turning point for its component supply business. [4] Lingxiao Energy has received orders from more than five new energy commercial vehicle customers. [5] Stellantis invested 1.5 billion euros to acquire about 20 percent of Leapmotor's shares, making it the EV maker's largest external shareholder. [6] Leapmotor International licenses electronic architecture technology to Stellantis and supplies components such as headlights and electric drives. [7] Leapmotor has begun supplying power battery packs to customers as a supplier. [8] Leapmotor delivered 50,129 vehicles in July, marking its first monthly delivery exceeding 50,000 units and a record high for the third consecutive month. [9] Leapmotor International was officially established on May 14, 2024, with Stellantis holding a 51 percent stake and Leapmotor holding the remaining 49 percent. [10] Leapmotor's battery packs are developed in-house and sourced from battery makers including CATL. [11] Leapmotor signed a strategic cooperation memorandum of understanding with FAW Group's Hongqi brand to jointly develop a model for overseas markets.
[3] Leapmotor's supply of in-house developed battery packs to commercial vehicle manufacturers marks a turning point for its component supply business.[4] Lingxiao Energy has received orders from more than five new energy commercial vehicle customers.[6] Leapmotor International licenses electronic architecture technology to Stellantis and supplies components such as headlights and electric drives.[7] Leapmotor has begun supplying power battery packs to customers as a supplier.[10] Leapmotor's battery packs are developed in-house and sourced from battery makers including CATL.[11] Leapmotor signed a strategic cooperation memorandum of understanding with FAW Group's Hongqi brand to jointly develop a model for overseas markets.
These sentences incorporate the given words and extend the storyline from the provided text, discussing Leapmotor's expansion into new areas (markets, electric vehicle segments, and component supply), its technological advancements (battery pack development, licensing technology), its financial status (sales, investments), and its partnerships (joint ventures, strategic collaborations).
