Leapmotor International Opens Orders in Europe for Affordable, High-Tech T03 City Car and C10 SUV Electric Vehicles
Leapmotor International, a joint venture between Stellantis and Leapmotor, has opened orders for affordable electric vehicles in Europe. The launch includes two models: the T03 city car and the C10 SUV, available through designated Stellantis brand dealers. The T03, priced from €18,900, offers 265 km range (WLTP), while the C10 SUV, starting at €36,400, provides 420 km range (WLTP).
Initial markets include 13 European countries, with plans to expand to Middle East & Africa, Asia Pacific, and South America from Q4 2024. This partnership aims to leverage Chinese engineering and innovation to offer high-tech, cost-efficient NEVs globally. Stellantis CEO Carlos Tavares highlighted the unique customer-focused ownership experience, supported by Stellantis' parts distribution system.
Leapmotor International, una joint venture tra Stellantis e Leapmotor, ha aperto gli ordini per veicoli elettrici a prezzi accessibili in Europa. Il lancio include due modelli: la T03 city car e il C10 SUV, disponibili attraverso i concessionari dei marchi Stellantis designati. La T03, con un prezzo a partire da €18.900, offre un'autonomia di 265 km (WLTP), mentre il C10 SUV, partendo da €36.400, fornisce un'autonomia di 420 km (WLTP).
I mercati iniziali comprendono 13 paesi europei, con piani di espansione verso Medio Oriente e Africa, Asia Pacifica e Sud America a partire dal Q4 2024. Questa partnership punta a sfruttare l'ingegneria e l'innovazione cinese per offrire globalmente veicoli elettrici intelligenti e convenienti. Il CEO di Stellantis, Carlos Tavares, ha evidenziato l'unica esperienza di possesso focalizzata sul cliente, supportata dal sistema di distribuzione dei ricambi di Stellantis.
Leapmotor International, una empresa conjunta entre Stellantis y Leapmotor, ha abierto pedidos para vehículos eléctricos asequibles en Europa. El lanzamiento incluye dos modelos: el T03 city car y el C10 SUV, disponibles a través de concesionarios designados de la marca Stellantis. El T03, con un precio a partir de €18,900, ofrece una autonomía de 265 km (WLTP), mientras que el C10 SUV, que comienza en €36,400, proporciona una autonomía de 420 km (WLTP).
Los mercados iniciales incluyen 13 países europeos, con planes de expansión hacia Medio Oriente y África, Asia Pacífico y América del Sur a partir del cuarto trimestre de 2024. Esta asociación tiene como objetivo aprovechar la ingeniería y la innovación china para ofrecer vehículos eléctricos de alta tecnología y rentables a nivel global. El CEO de Stellantis, Carlos Tavares, destacó la única experiencia de propiedad centrada en el cliente, respaldada por el sistema de distribución de piezas de Stellantis.
Leapmotor International는 Stellantis와 Leapmotor 간의 합작 투자로, 유럽에서 저렴한 전기차 주문을 시작했습니다. 출시되는 모델은 T03 시티카와 C10 SUV 두 가지로, 지정된 Stellantis 브랜드 대리점을 통해 구매할 수 있습니다. T03는 €18,900부터 시작하며, WLTP 기준으로 265 km의 주행 가능 거리를 제공하고, C10 SUV는 €36,400부터 시작하며 420 km의 주행 가능 거리를 제공합니다.
초기 시장은 13개 유럽 국가를 포함하며, 2024년 4분기부터 중동 및 아프리카, 아시아 태평양, 남미로의 확장 계획이 있습니다. 이 파트너십은 세계적으로 고급 기술의 비용 효율적인 전기차(NEV)를 제공하기 위해 중국의 엔지니어링과 혁신을 활용하는 것을 목표로 하고 있습니다. Stellantis의 CEO인 Carlos Tavares는 Stellantis의 부품 배급 시스템으로 지원되는 고객 중심의 독특한 소유 경험을 강조했습니다.
Leapmotor International, une coentreprise entre Stellantis et Leapmotor, a ouvert les commandes de véhicules électriques abordables en Europe. Le lancement comprend deux modèles : la T03 citadine et le C10 SUV, disponibles via des concessionnaires de la marque Stellantis désignés. La T03, à partir de 18 900 €, offre une autonomie de 265 km (WLTP), tandis que le C10 SUV, à partir de 36 400 €, fournit une autonomie de 420 km (WLTP).
Les marchés initiaux comprennent 13 pays européens, avec des projets d'expansion vers le Moyen-Orient et l'Afrique, l'Asie-Pacifique et l'Amérique du Sud à partir du quatrième trimestre 2024. Ce partenariat vise à tirer parti de l'ingénierie et de l'innovation chinoises pour offrir des véhicules électriques de haute technologie et rentables à l'échelle mondiale. Le PDG de Stellantis, Carlos Tavares, a souligné l'expérience unique de possession axée sur le client, soutenue par le système de distribution de pièces de Stellantis.
Leapmotor International, ein Joint Venture zwischen Stellantis und Leapmotor, hat die Bestellung von erschwinglichen Elektrofahrzeugen in Europa geöffnet. Der Launch umfasst zwei Modelle: das T03 Stadtauto und den C10 SUV, die über ausgewählte Autohändler von Stellantis erhältlich sind. Der T03 hat einen Preis ab 18.900 € und bietet eine Reichweite von 265 km (WLTP), während der C10 SUV, der ab 36.400 € erhältlich ist, eine Reichweite von 420 km (WLTP) bietet.
Die Anfangsmärkte umfassen 13 europäische Länder, mit Plänen zur Expansion nach Nahost und Afrika, Asien-Pazifik und Südamerika ab dem 4. Quartal 2024. Diese Partnerschaft zielt darauf ab, die chinesische Ingenieurskunst und Innovation zu nutzen, um weltweit hochmoderne, kosteneffiziente NEVs anzubieten. Der CEO von Stellantis, Carlos Tavares, hob das einzigartige, kundenorientierte Eigentumserlebnis hervor, das durch das Teileverteilungssystem von Stellantis unterstützt wird.
- Expansion into European market with affordable electric vehicles
- Leveraging Stellantis' established dealer network for distribution
- Competitive pricing: T03 from €18,900, C10 SUV from €36,400
- Plans for global expansion to Middle East & Africa, Asia Pacific, and South America
- Launch of a new vehicle each year for the next three years
- None.
Insights
The launch of Leapmotor vehicles in Europe marks a significant strategic move for Stellantis. This joint venture allows Stellantis to tap into the growing electric vehicle market with affordable, high-tech options without significant capital investment. The partnership leverages Leapmotor's engineering and vertical integration capabilities while utilizing Stellantis' established distribution network and after-sales support.
Key points to consider:
- Competitive pricing: The T03 starting at
€18,900 and C10 at€36,400 positions these vehicles attractively in the European market. - Rapid expansion: Plans to enter Middle East, Africa, Asia Pacific and South America markets by Q4 2024 indicate aggressive growth strategies.
- Complementary portfolio: Leapmotor vehicles fill gaps in Stellantis' existing EV lineup, potentially capturing new market segments.
- Technology focus: Emphasis on state-of-the-art EV tech and vertical integration could provide a competitive edge.
While this move strengthens Stellantis' position in the EV market, it also introduces potential risks such as brand cannibalization and increased competition within its own portfolio. The success of this venture will largely depend on consumer acceptance of Chinese-engineered vehicles in European and global markets.
The introduction of Leapmotor vehicles to the European market through Stellantis' dealership network represents a significant shift in the global EV landscape. This move capitalizes on the growing demand for affordable electric vehicles while leveraging China's advanced EV technology and manufacturing capabilities.
Notable aspects include:
- Range competitiveness: The T03's 265 km WLTP range and C10's 420 km are respectable for their respective segments and price points.
- Technological integration: Features like the Cell-to-Chassis system and centrally integrated electronic configuration in the C10 demonstrate advanced engineering.
- Market positioning: By targeting Chinese brand vehicles, Leapmotor aims to compete on both price and technology, potentially disrupting the European EV market.
This partnership could accelerate EV adoption in Europe by offering more affordable options. However, it may also intensify competition, potentially putting pressure on European automakers to accelerate their EV strategies and cost reductions. The success of this venture could pave the way for more Chinese EV brands to enter global markets through similar partnerships.
Leapmotor International Opens Orders in Europe for Affordable, High-Tech T03 City Car and C10 SUV Electric Vehicles
- Leapmotor International is harnessing Chinese engineering, innovation and vertical integration to offer affordable electric vehicle mobility worldwide
- Consumers can now order Leapmotor T03 and C10 vehicles in Europe via designated Stellantis brand dealers
- Leapmotor International joint venture between Stellantis and Leapmotor is focused on growing global sales of high-tech, cost-efficient Chinese new energy vehicles (NEVs)
- Leapmotor vehicles are engineered to offer performance advantages and enhanced affordability vs. competing Chinese vehicles, starting with Europe
- Launch of Leapmotor vehicles in Europe complements the vehicle portfolio of Stellantis brands and furthers the Company’s commitment to clean, safe and affordable mobility
AMSTERDAM, September 30, 2024 - Designated Stellantis brand vehicle dealers throughout Europe are now playing a greater role in offering consumers clean, safe and affordable mobility by taking orders for Leapmotor fully electric vehicles, with deliveries set for later this year.
The launch of dealer orders is a milestone for Leapmotor International, the 51:49 joint venture between Stellantis and Leapmotor that is focused on growing global sales of high-tech, cost-efficient Chinese new energy vehicles (NEVs) outside of Greater China. The milestone was achieved in just under one year since the joint venture was formed, concurrent with Stellantis investing
“This unique partnership in the automotive industry offers European buyers access to advanced, high-value BEV technology, bolstered by the organizational and retail support of Stellantis for a customer-focused ownership experience that sets Leapmotor International apart from other Chinese competitors,” said Stellantis CEO Carlos Tavares. “Thanks to the powerful Stellantis parts distribution system, Leapmotor’s customers will benefit from an unrivaled level of service, which is an important differentiator. We have created a very efficient partnership with Leapmotor that is designed to bring value to our European customers first and to our long-term sustainability.”
“Leapmotor is a technology-focused company dedicated to R&D and vertical integration. We aim to utilize our technological and scalability advantages to collaborate with Stellantis, offering consumers worldwide accessible, high quality electric mobility solutions,” said Leapmotor Founder, Chairman and CEO Zhu Jiangming.
Initial markets for Leapmotor vehicles in Europe will be Belgium, France, Germany, Greece, Italy, Luxemburg, Malta, The Netherlands, Portugal, Romania, Spain, Switzerland, and the UK. Leapmotor International plans to expand distribution to Middle East & Africa (Israel and overseas French territories), Asia Pacific (Australia, New Zealand, Thailand, Malaysia and Nepal), and South America (Brazil and Chile) from Q4 this year.
Leapmotor launches with two fully equipped models in Europe:
- The T03, a 5-door A-segment compact car with 265 km of range (WLTP) and the interior space of a B-segment. T03 will be offered starting from 18.900 euros available now. *
- The C10, a D-segment SUV with 420 km of range (WLTP) and best-in-class safety, an intelligent user experience, and premium levels of comfort. It uses Leapmotor’s LEAP 3.0 architecture with a centrally integrated electronic configuration, the Cell-to-Chassis system, and a smart cockpit. C10 SUV will be available from 36.400 euros and planned to arrive at respective dealerships in-October. *
Both Leapmotor vehicles offer state-of-the-art electric technologies and high levels of performance, efficiency, safety and range at affordable prices, enabled by the Chinese automaker’s high degree of in-house engineering capability and vertical integration. Looking ahead, Leapmotor International plans to launch a new vehicle each year for the next three years.
Leapmotor International is targeting Chinese brand vehicles with its offerings. The launch of Leapmotor vehicles in Europe complements and broadens the portfolio of Stellantis brands to cover a full range of customer needs and price points. Alongside this strategic move, Stellantis remains committed to an “asset-light” business model for its foreign brands in China.
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About Leapmotor International
Leapmotor International B.V. is a Stellantis-led joint venture with a 51/49 partnership between Stellantis N.V. and Leapmotor. Headquartered in Amsterdam, the company is focused on redefining the electric vehicle (EV) landscape by leveraging cutting-edge technology and innovation. Leapmotor International is committed to delivering tech-centric, affordable electric mobility solutions to global customers. The company began its operations in Europe in September 2024 and plans to expand into India, Asia-Pacific, the Middle East, Africa, and South America starting in the fourth quarter. Leapmotor International’s product lineup will initially include the T03, an urban-focused A-segment EV, and the C10, a fully equipped, family-oriented D-segment vehicle, with additional models planned over the next three years.
About Stellantis
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is
executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, with single-digit percentage compensation of the remaining emissions, while creating added value for all stakeholders. For more information, visit www.stellantis.com
For more information, contact:
LEAPMOTOR
Liu Xia liu_xia3@leapmotor.com
Wang Menglin wang_menglin@leapmotor.com
STELLANTIS:
Fernão SILVEIRA +31 6 43 25 43 41 – fernao.silveira@stellantis.com
Nathalie ROUSSEL +33 6 87 77 41 82 – nathalie.roussel@stellantis.com
communications@stellantis.com
www.stellantis.com
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