Zhejiang Leapmotor Technology Co., Ltd., trading as Leapmotor, is a Chinese electric vehicle manufacturer headquartered in Hangzhou, Zhejiang. Founded in December 2015 by Dahua Technology co-founders Fu Liquan and Zhu Jiangming, the company develops, produces, and sells new energy vehicles, vertically integrating high-margin components such as electric traction motors, vehicle CPUs, and battery systems. Leapmotor sold its first vehicles (the S01 coupe) in 2019 and has since expanded to a lineup including the T03 city car, the C-series and B-series SUVs and sedans, and EREV and BEV powertrains. It delivered 596,555 vehicles in 2025. Stellantis became a strategic shareholder in 2023 with a circa 20% stake, forming the Leapmotor International joint venture to sell Leapmotor vehicles outside China, notably across Europe.
Leapmotor is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2015
Employees
10,000+
Total Funding
$1.76B
5 rounds
CSRC cleared Leapmotor's RMB6.744B domestic share placement to FAW Equity (RMB3.744B) and Jinyi Gaoxin (RMB3B); issuance not yet completed
Post-IPO state-backed equity; FAW to hold about 5%, diluting Stellantis to about 18.99%
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $1.76B across 5 rounds
Last updated 10-09-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Aug 18, 2021 | Pre-IPO | $694M | $3.44B | CICC Capital |
| Jan 27, 2021 | Series B | $664M | — | Not disclosed |
| Aug 2019 | Series A+ | $51.9M | $1B | Not disclosed |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series A+
$1B
Aug 2019
Leapmotor today
$3.4B
Aug 2021 · latest mark
Leapmotor multiple
3.4x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Zhu Jiangming
Founder, Chairman & CEO
Fu Liquan
Co-Founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
NIO
Chinese premium electric vehicle maker, listed in New York, Hong Kong and Singapore; one of the three Chinese EV startups that listed before Leapmotor.
XPeng
Chinese smart electric vehicle manufacturer focused on in-house autonomous driving software; listed in New York and Hong Kong.
Li Auto
Chinese new energy vehicle maker known for extended-range electric SUVs, the same powertrain approach Leapmotor uses in its C-series; listed in New York and Hong Kong.
Leapmotor has been publicly traded since 29 September 2022, when it listed on the Main Board of the Hong Kong Stock Exchange under the ticker 9863. The IPO priced at the bottom of its range, at HK$48 per share, raising about HK$6.06 billion (roughly US$770 million), and the shares fell more than 30 per cent on debut. Since listing the company has raised further equity through domestic share subscriptions with strategic and state-linked investors rather than through public offerings.
Leapmotor shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
Leapmotor raised $1.76B across 5 disclosed funding rounds prior to its public listing.
Leapmotor was co-founded by Zhu Jiangming, and Fu Liquan in 2015.
Leapmotor is headquartered in Hangzhou, Zhejiang, China.
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