Two surprising facts about Leapmotor, the Chinese electric car maker backed by Stellantis, stand out for 2025:
First, the Leapmotor T03 has become the UK’s cheapest electric car, with an on-the-road price now as low as £14,495 after Leapmotor applied a £1,500 discount. This reduction was intended to mirror the UK government’s electric vehicle grant, making the T03 extremely competitive in the budget EV market. Despite its low price, the T03 offers solid features including a 37.3kWh battery, an official range of up to 165 miles, 95PS power output, and an array of tech like a 10.1-inch touchscreen and panoramic sunroof. It competes closely with models such as the Dacia Spring but offers superior equipment levels for the price.
Second, Leapmotor recently achieved a financial milestone by posting its first-ever half-year net profit. This success places Leapmotor in a rare group of Chinese electric vehicle start-ups that have turned profitable, alongside high-end EV maker Li Auto, which focuses mainly on large range-extender SUVs. Leapmotor’s positive margin marks a significant step for the company as it expands internationally and strengthens its position in the competitive electric vehicle sector.
These two developments—offering an ultra-affordable EV in the UK and establishing profitable operations—highlight Leapmotor’s growing influence in the global electric car market and reflect the backing power of its Stellantis partnership. The T03’s competitive pricing combined with Leapmotor’s profitability signals a promising future for this emerging EV brand.
