Leapmotor's stock surged 12.69% in Hong Kong trading, outperforming other electric vehicle (EV) makers in the market. The impressive rally came as the company reported exceptional delivery numbers for March and the first quarter of 2025, signaling strong growth and increasing market share in the competitive Chinese EV sector.

According to the company's latest data, Leapmotor delivered 37,095 vehicles in March, marking a staggering 154.65% increase year-over-year and a 46.70% rise from February. This performance contributed to a robust first-quarter result, with total deliveries reaching 87,552 vehicles, up 162.05% compared to the same period last year. The company's cumulative deliveries since its inception have now reached an impressive 687,100 vehicles.

Investors' enthusiasm was further fueled by the upcoming launch of Leapmotor's first global B-series model, the B10 compact SUV, scheduled for April 10. The B10 has already shown promise, with over 15,010 pre-orders received within an hour of its pre-sales event on March 10. Notably, 73% of these pre-orders were for variants equipped with LiDAR technology, indicating strong demand for advanced features.

Looking ahead, Leapmotor has set ambitious targets for its future growth. The company aims to achieve monthly sales of over 40,000 units for its B-series models and plans to introduce more models in this series throughout the year. With a sales target of 500,000 to 600,000 vehicles for 2025, as stated by CEO Zhu Jiangming, Leapmotor is positioning itself as a major player in the Chinese EV market, building on its impressive 103.76% year-over-year growth in 2024.