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Leapmotor International, a collaboration between Stellantis and Leapmotor, is set to expand its electric vehicle (EV) operations globally, starting in Europe by September 2024. With a strong focus on innovative technology and comprehensive in-house development capabilities, the partnership aims to quickly boost scale and drive value for both companies. The initial launch will feature 200 sales points across nine European countries, with plans to extend operations to India, Asia Pacific, the Middle East, Africa, and South America by late 2024.
Key Highlights:
- Launch Date: September 2024 in Europe
- Initial Models: T03 and C10
- Sales Points: 200 in Europe by end of 2024, expanding to 500 by 2026
- Expansion Regions: India, Asia Pacific, Middle East, Africa, South America
- Technology: LEAP3.0 architecture, central integrated electronic and electrical architecture, cell-to-chassis (CTC) technology
Leapmotor’s Strategic Expansion
Headquartered in Amsterdam, the venture is led by CEO Tianshu Xin, formerly of Stellantis China. This new entity will introduce Leapmotor’s T03 and C10 models in Europe, followed by a broader rollout in other key regions.
In October 2023, Stellantis invested approximately €1.5 billion to acquire a 21% equity stake in Leapmotor. This partnership grants Leapmotor International exclusive rights for the export, sale, and manufacturing of Leapmotor products outside Greater China. The collaboration aims to boost Leapmotor’s sales in China while leveraging Stellantis’ global commercial presence to accelerate sales in other regions.
Leapmotor CEO Insights
Stellantis CEO Carlos Tavares stated, “The creation of Leapmotor International is a great step forward in helping address the urgent global warming issue with state-of-the-art BEV models that will compete with existing Chinese brands in key markets around the world. Leveraging our existing global presence, we will soon be able to offer our customers price competitive and tech-centric electric vehicles that will exceed their expectations.”
Leapmotor Founder, Chairman, and CEO Jiangming Zhu added, “The partnership between Leapmotor and Stellantis demonstrates a high level of efficiency, opening a new chapter in the global integration of China’s intelligent electric vehicle industry. Leveraging Leapmotor’s cutting-edge technology and products, along with Stellantis’ support in areas such as overseas channels, services, and marketing, we hope that users around the world can experience the exceptional driving and riding experience brought by Leapmotor products.”
Leapmotor C10 and T03 Models
The Leapmotor C10 is designed to global standards, featuring the self-developed LEAP3.0 technology architecture. This D-segment vehicle offers a 420 km WLTP range, 5-star E-NCAP rating, and a premium ride experience. It recently won the 2024 Gold Award from the French Design Awards.
The Leapmotor T03, an A-segment urban commuter car, features a 265 km WLTP range and ranks first in the JD Power Initial Quality Study for small BEVs. This stylish and practical vehicle provides B-segment interior space, making it a top choice for urban driving.
About Leapmotor and Stellantis
Leapmotor, founded in 2015 and headquartered in Hangzhou, China, focuses on intelligent electric vehicle design, R&D, and manufacturing. It boasts several industry-first technologies, including the Eight-in-One Electric Drive System and Four-Domain-in-One Central Integrated E/E Architecture.
Stellantis N.V. is a leading global automaker known for its portfolio of iconic brands. Committed to achieving carbon net zero by 2038, Stellantis aims to provide clean, safe, and affordable mobility solutions worldwide.
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