Leapmotor has officially confirmed its plans to enter the embodied robotics sector, with further details set to be revealed in the near future. The announcement was made during the company’s interim earnings call, highlighting Leapmotor’s ongoing diversification beyond electric vehicles.
Leapmotor’s Robotics Ambitions
During an interim earnings call, Leapmotor vice president and CFO Li Tengfei stated that the company has developed plans for a robotics business. While specifics on product form, development progress, or investment size were not disclosed, Li indicated that Leapmotor will formally announce more details soon.
Business registration records show that Huzhou Lingsheng Precision Manufacturing Co Ltd, a Leapmotor subsidiary, was established in late July. The subsidiary’s business scope includes industrial robot manufacturing, intelligent robot development, and auto parts production. Wu Cun, Leapmotor’s senior vice president and head of its electric-drive product line, serves as the legal representative of the new entity.
Financial Performance and Global Expansion
Leapmotor has reported profits for three consecutive half-year periods. In the first half of 2026, revenue rose 57.2% year-on-year to $5.7B (~AUD 7.9B), and net profit increased about 600% to $31.2M (~AUD 43.5M) from $4.5M (~AUD 6.2M) a year earlier. However, the company’s gross margin declined to 11.7% from 14.1% a year ago.
Management now expects full-year net profit of about $445.8M (~AUD 622M), with an overall gross margin of 13%-14% and a vehicle gross margin of 10%-11%. Global sales in the first half reached approximately 356,400 vehicles, up 60.8%, while exports surged 372.6% to about 96,200 vehicles, accounting for 27% of total sales.
Overseas Production and Upcoming Launches
Leapmotor’s management expects overseas sales to reach 200,000 vehicles in 2026, surpassing its previous target range of 100,000 to 150,000 vehicles. The target for 2027 is set at 350,000 to 400,000 vehicles.
Production at the Spanish plant, operated in partnership with Stellantis, is scheduled to begin in October with the Leapmotor B10. The company expects sales of locally produced vehicles overseas to reach about 50,000 in 2027, though it noted that localized production may provide only a limited near-term boost to margins.
Leapmotor also plans to hold a technology launch event on September 16, where it will unveil a new world model for assisted driving, as well as advancements in battery and electric-drive technology. Additional new models across the B, C, and D series are planned for 2027.
Why this matters
Leapmotor’s move into embodied robotics signals a significant diversification for the company, leveraging its experience in electric vehicles and in-house R&D. The establishment of a dedicated robotics subsidiary and the upcoming technology launches suggest Leapmotor is positioning itself for growth in both automotive and robotics sectors.
With rising exports and new production facilities overseas, Leapmotor is expanding its global footprint at a time of rapid change in the automotive industry.
What this means for buyers
Buyers can expect Leapmotor to introduce new technology and models in the coming years, including advancements in assisted driving and battery systems. The company’s expansion into robotics may also lead to innovative features in future vehicles. Those interested in Leapmotor’s offerings should watch for announcements at the September 16 technology event and monitor the rollout of new models in 2027.
Key Specs
- First Half Revenue: $5.7B (~AUD 7.9B)
- First Half Net Profit: $31.2M (~AUD 43.5M)
- First Half Gross Margin: 11.7%
- Expected Full-Year Net Profit: $445.8M (~AUD 622M)
- Expected Overall Gross Margin: 13%-14%
- Expected Vehicle Gross Margin: 10%-11%
- First Half Global Sales: 356,400 vehicles
- First Half Exports: 96,200 vehicles (27% of total sales)
Source
Images sourced from: leapmotor.com.mx
