Even as China’s BYD moved ahead of Elon Musk’s Tesla in the world’s EV race in 2025, a less known local rival has been in the rear-view mirror.
Leapmotor has produced no-frills, low-cost EVs that have proved a hit with many Chinese consumers.
Leveraging its experience from manufacturing security cameras and walkie-talkies, the carmaker has notched sales of nearly 600,000 plug-in hybrids and pure battery EVs last year, double its sales of 2024 and four times that of 2023.
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