Leapmotor International, a 51/49 Stellantis-led company, will sell C10 and T03 EVs in nine European countries starting in September and plans to establish 200 sales points in Europe by end-2024; plans to expand its product launch to the Middle East & Africa, Asia Pacific, and South America in late 2024.
31 Jul 2024 | 1923 Views | By Autocar Pro News Desk
Leapmotor International, a 51/49 Stellantis-led company between Stellantis and Leapmotor, has shipped the first batch of Leapmotor electric vehicles – C10 SUVs and T03 cars – from Shanghai, China, to European ports this month. Leapmotor is the fourth largest Chinese new energy vehicle (NEV) startup in China by sales in ...
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Leapmotor International, a 51/49 Stellantis-led company between Stellantis and Leapmotor, has shipped the first batch of Leapmotor electric vehicles – C10 SUVs and T03 cars – from Shanghai, China, to European ports this month. Leapmotor is the fourth largest Chinese new energy vehicle (NEV) startup in China by sales in June 2024.
The all-electric T03 hatchback and C10 SUV are the very same models that Leapmotor and Stellantis are likely to introduce in India.
“The shipment of Leapmotor C10 and T03 vehicles to Europe this month is a landmark moment in the partnership between Stellantis and Leapmotor,” said Stellantis CEO Carlos Tavares. “This demonstrates our commitment to providing innovative, affordable and sustainable mobility solutions to our customers. Relying on Stellantis’ strong business assets in Europe and the hard work of our companies’ teams on guaranteeing product innovation and quality, I strongly believe that Leapmotor’s electric vehicles will be widely accepted by European customers. We are excited about the opportunities this partnership brings and look forward to a successful journey together.”
“As of the first half of July, Leapmotor has accumulatively sold over 400,000 EVs in China since the company’s first sale,” said Leapmotor founder, chairman and CEO Zhu Jiangming. “China is the biggest and most competitive EV market in the world and our products have proved their value by being acclaimed by the local customers. Since the very beginning, the C10 and T03 models are designed to meet the high standards of global customers and we are confident that the collaboration between Stellantis and Leapmotor will drive significant growth for both companies.”
Leveraging the Stellantis distribution channels, the Leapmotor International JV plans to increase sales points for Leapmotor vehicles in Europe to 500 by 2026, from 200 at the end of 2024, to ensure a high level of service for customers. The shipment this month is just the beginning of a long-term collaboration aimed at transforming the landscape of electric mobility in Europe and beyond. There is at least one model planned to go on sale every year in the next three years.
Leapmotor’s C10 and T03 vehicles are equipped with cutting-edge EV technology, offering exceptional performance, efficiency and range. The C10 is Leapmotor’s first global product, built according to global design and safety standards. It is a fully equipped, family-centric D-segment vehicle featuring 420km WLTP range. The Leapmotor T03 is a small five-door, A-segment urban boutique commuter car with B-segment interior space and 265km WLTP range.
Leapmotor to enter Indian EV market in Q4 CY2024
Established in 2015, Leapmotor is a technology-driven intelligent electric vehicle (EV) company in China. Its current EV portfolio includes the C16, C10, C11, C01 and T03, offering pure electric and extended range dual power options. In 2023, Stellantis invested in Leapmotor. In early May 2024, Stellantis and Leapmotor formed a joint venture called Leapmotor International to explore the international market.
In May this year, Stellantis CEO announced that Leapmotor will enter the Indian market in the fourth quarter of 2024 as part of Leapmotor International's global expansion strategy. Tavares told Indian media that the company may look at manufacturing of local products in India to overcome high import duties, but the decision is yet to be taken.
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