Leapmotor International Ships the First Batch of Leapmotor Electric Vehicles from China to Europe This Month
Leapmotor International, a 51/49 Stellantis-led joint venture, has shipped its first batch of electric vehicles from China to Europe. The shipment includes C10 SUVs and T03 cars, marking a significant milestone in the partnership. Sales will begin in nine European countries in September 2024, with plans to establish 200 sales points by the end of 2024, expanding to 500 by 2026.
Leapmotor, the fourth largest Chinese NEV startup, has sold over 400,000 EVs in China as of July 2024. The joint venture aims to leverage Stellantis' distribution channels and Leapmotor's innovative technology to provide affordable and sustainable mobility solutions to European customers. The partnership plans to launch at least one new model annually for the next three years and expand to other global markets by late 2024.
Leapmotor International, una joint venture guidata da Stellantis con una partecipazione del 51/49, ha spedito il suo primo lotto di veicoli elettrici dalla Cina all'Europa. La spedizione include SUV C10 e auto T03, segnando un traguardo significativo nella collaborazione. Le vendite inizieranno in nove paesi europei a settembre 2024, con piani di stabilire 200 punti vendita entro la fine del 2024, espandendosi a 500 entro il 2026.
Leapmotor, il quarto startup cinese di VE, ha venduto oltre 400.000 veicoli elettrici in Cina a luglio 2024. La joint venture mira a sfruttare i canali di distribuzione di Stellantis e la tecnologia innovativa di Leapmotor per offrire soluzioni di mobilità accessibili e sostenibili ai clienti europei. La partnership prevede di lanciare almeno un nuovo modello all'anno per i prossimi tre anni e di espandersi in altri mercati globali entro la fine del 2024.
Leapmotor International, una empresa conjunta liderada por Stellantis con una participación del 51/49, ha enviado su primer lote de vehículos eléctricos desde China a Europa. El envío incluye SUV C10 y coches T03, marcando un hito significativo en la asociación. Las ventas comenzarán en nueve países europeos en septiembre de 2024, con planes de establecer 200 puntos de venta para finales de 2024, expandiéndose a 500 para 2026.
Leapmotor, la cuarta startup china de NEV, ha vendido más de 400,000 vehículos eléctricos en China hasta julio de 2024. La empresa conjunta busca aprovechar los canales de distribución de Stellantis y la tecnología innovadora de Leapmotor para ofrecer soluciones de movilidad asequibles y sostenibles a los clientes europeos. La asociación planea lanzar al menos un nuevo modelo anualmente durante los próximos tres años y expandirse a otros mercados globales hacia finales de 2024.
리프모터 인터내셔널은 스텔란티스가 주도하는 51/49 합작 회사로, 중국에서 유럽으로 첫 번째 전기차 배치를 선적했습니다. 이번 선적에는 C10 SUV와 T03 자동차가 포함되어 있으며, 이는 파트너십의 중요한 이정표가 됩니다. 판매는 2024년 9월에 아홉 개 유럽 국가에서 시작될 예정이며, 2024년 말까지 200개의 판매 지점을 설립하고 2026년까지 500개로 확장할 계획입니다.
리프모터는 중국의 네 번째로 큰 NEV 스타트업으로 2024년 7월까지 중국에서 40만 대 이상의 전기차를 판매했습니다. 이 합작 회사는 스텔란티스의 유통 채널과 리프모터의 혁신적인 기술을 활용하여 유럽 고객에게 저렴하고 지속 가능한 이동 수단 솔루션을 제공하는 것을 목표로 하고 있습니다. 파트너십은 향후 3년간 매년 최소 1개의 새로운 모델을 출시할 계획이며, 2024년 말까지 다른 글로벌 시장으로 확장할 계획입니다.
Leapmotor International, une coentreprise dirigée par Stellantis avec une participation de 51/49, a expédié son premier lot de véhicules électriques de la Chine vers l'Europe. L'expédition comprend des SUV C10 et des voitures T03, marquant une étape importante dans le partenariat. Les ventes débuteront dans neuf pays européens en septembre 2024, avec des projets d'établir 200 points de vente d'ici fin 2024, pour atteindre 500 d'ici 2026.
Leapmotor, la quatrième plus grande startup chinoise de VE, a vendu plus de 400 000 VE en Chine jusqu'en juillet 2024. La coentreprise vise à tirer parti des canaux de distribution de Stellantis et de la technologie innovante de Leapmotor pour offrir des solutions de mobilité accessibles et durables aux clients européens. Le partenariat prévoit de lancer au moins un nouveau modèle par an pendant les trois prochaines années et de s'étendre à d'autres marchés mondiaux d'ici fin 2024.
Leapmotor International, ein 51/49 Joint Venture unter der Leitung von Stellantis, hat seine erste Charge von Elektrofahrzeugen aus China nach Europa verschifft. Das Versandpaket umfasst C10 SUVs und T03 Autos, was einen wichtigen Meilenstein in der Partnerschaft darstellt. Der Verkauf beginnt im September 2024 in neun europäischen Ländern, mit Plänen zur Errichtung von 200 Verkaufsstellen bis Ende 2024, die bis 2026 auf 500 ausgeweitet werden sollen.
Leapmotor, das viertgrößte chinesische NEV-Startup, hat bis Juli 2024 über 400.000 Elektrofahrzeuge in China verkauft. Das Joint Venture beabsichtigt, die Vertriebskanäle von Stellantis und die innovative Technologie von Leapmotor zu nutzen, um den europäischen Kunden erschwingliche und nachhaltige Mobilitätslösungen anzubieten. Die Partnerschaft plant, mindestens jedes Jahr ein neues Modell in den nächsten drei Jahren auf den Markt zu bringen und bis Ende 2024 in andere globale Märkte zu expandieren.
- Expansion into European market with first shipment of EVs
- Plans to establish 200 sales points in Europe by end of 2024, growing to 500 by 2026
- Leapmotor has sold over 400,000 EVs in China, demonstrating product success
- Partnership leverages Stellantis' distribution channels and Leapmotor's technology
- Plan to launch at least one new model annually for the next three years
- None.
Insights
The shipment of Leapmotor's electric vehicles to Europe marks a significant milestone in the Stellantis-Leapmotor joint venture, signaling a new phase of competition in the European EV market. This move demonstrates Stellantis' strategic approach to rapidly expand its EV portfolio and market presence, leveraging Leapmotor's innovative technology and cost-effective production capabilities.
Key points to consider:
- Market Entry Strategy: Launching with two models (C10 SUV and T03 car) allows Leapmotor to test different segments of the European market simultaneously.
- Distribution Network: The ambitious plan to establish 200 sales points by the end of 2024 and 500 by 2026 indicates a strong commitment to rapid market penetration.
- Product Pipeline: With at least one new model planned annually for the next three years, Leapmotor is positioning itself for sustained growth and adaptability to market demands.
- Global Expansion: The planned expansion into Middle East & Africa, Asia Pacific and South America in late 2024 suggests a comprehensive global strategy, potentially opening new revenue streams for Stellantis.
While this venture shows promise, it's important to monitor how European consumers respond to these Chinese-made EVs, especially given the competitive landscape with established European and American brands. The success of this initiative could reshape Stellantis' position in the global EV market and potentially influence its future strategic decisions.
The entry of Leapmotor vehicles into the European market, backed by Stellantis, represents a significant shift in the competitive landscape of the region's EV sector. This move could potentially disrupt the market dynamics in several ways:
- Pricing Strategy: As the fourth-largest Chinese NEV startup, Leapmotor likely benefits from cost advantages in production. This could allow for competitive pricing in the European market, potentially putting pressure on established players.
- Technology Transfer: The partnership may facilitate the transfer of advanced EV technologies from China to Europe, potentially accelerating innovation in the region.
- Market Segmentation: The introduction of C10 and T03 models suggests a focus on both the SUV and compact car segments, which are popular in Europe. This targeted approach could help capture market share quickly.
- Brand Perception: The success of this venture will heavily depend on how European consumers perceive Chinese EV brands. Stellantis' backing could lend credibility, but overcoming potential skepticism will be crucial.
It's worth noting that Leapmotor has sold over 400,000 EVs in China, demonstrating its ability to succeed in a highly competitive market. However, the European market presents unique challenges, including different consumer preferences, regulatory environments and established competition. The planned expansion of sales points and regular introduction of new models indicate a long-term commitment to the European market, which could significantly impact the competitive landscape if executed successfully.
The commencement of Leapmotor vehicle shipments from China to Europe highlights several critical aspects of global automotive supply chains and logistics:
- Manufacturing Location: By producing vehicles in China for export to Europe, Leapmotor can leverage lower production costs while accessing advanced manufacturing capabilities.
- Shipping Routes: The use of maritime shipping from Shanghai to European ports underscores the importance of efficient sea freight in global automotive distribution.
- Just-in-Time Delivery: The timing of shipments, starting in July for September sales, indicates a carefully planned logistics strategy to ensure inventory availability without excessive stockpiling.
- Supply Chain Resilience: This move diversifies Stellantis' supply chain, potentially providing a buffer against regional disruptions and geopolitical risks.
- Localization Challenges: As sales ramp up, monitoring any plans for local assembly or production in Europe will be crucial, as it could impact costs, lead times and market perception.
The success of this venture will depend heavily on the efficiency and reliability of the supply chain from China to Europe. Any disruptions in shipping or customs processes could significantly impact the planned sales timeline. Additionally, the ability to quickly respond to European market demands and potential customization requirements will be critical for long-term success. The planned expansion to other global markets in late 2024 further emphasizes the need for a robust and flexible international supply chain strategy.
Leapmotor International Ships the First Batch of Leapmotor Electric Vehicles from China to Europe This Month
- Leapmotor’s C10 and T03 electric vehicles have set sail for Europe with more to come in the following months marking a significant milestone for the innovative joint venture
- Leapmotor International, a 51/49 Stellantis-led company, will sell C10 and T03 electric vehicles in nine European countries starting in September and plans to establish 200 sales points for Leapmotor vehicles in Europe by the end of 2024
- Leapmotor International will expand its product launch to the Middle East & Africa, Asia Pacific, and South America in late 2024
AMSTERDAM, July 30, 2024 - 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, marking a significant milestone in the partnership and demonstrating the shared commitment to quickly providing sustainable mobility and innovation to the European EV market. Leapmotor’s C10 and T03 vehicles are equipped with cutting-edge EV technology, offering exceptional performance, efficiency and range. Leapmotor is the fourth largest Chinese new energy vehicle (NEV) startup in China by sales in June 2024.
“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. As the C10 and T03 vehicles embark on their journey to Europe, Stellantis and Leapmotor remain dedicated to pushing the boundaries of innovation and sustainability in the automotive industry. 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.
About the Leapmotor C10 and T03
The Leapmotor C10 is Leapmotor’s first global product, built according to global design and safety standards. The C10 is based on Leapmotor’s self-developed LEAP3.0 technology architecture, featuring industry-leading intelligent electric technology such as central integrated electronic and electrical architecture, cell-to-chassis (CTC) technology, and its flagship intelligent cockpit. It is a fully equipped, family-centric D-segment vehicle with best-in-segment premium ride and handling experience, featuring 420 km WLTP range, and is able to meet the 5-star E-NCAP rating standard. After winning the “2023 International CMF Design Award” for its technological and natural aesthetic design, it recently won the 2024 Gold Award from the French Design Awards (FDA) and the 2024 Gold Award from the US MUSE Design Awards.
The Leapmotor T03 is a small five-door, A-segment urban boutique commuter car with B-segment interior space. It is not only stylish but also a pleasure to drive and features 265 km WLTP range. It ranked No. 1 in the J.D. Power Initial Quality Study in the small BEV segment.
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About Leapmotor
Established in 2015, Leapmotor is a technology-driven intelligent electric vehicle (EV) company. The founder Mr. Zhu Jiangming is an electrical engineer who has over 30 years of technical experience. Leapmotor is headquartered in Hangzhou, Zhejiang Province, China, and its business scope covers intelligent electric vehicle design, research and development, manufacturing, intelligent driving, electric motor control, battery system development, as well as cloud computing-based vehicle networking solutions. As a technology-based enterprise, the core components of the Leapmotor are independently developed and manufactured, including electric powertrain and intelligent systems. The proportion of self-developed and self-manufactured parts accounts for
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:
Stellantis Communications
Bertrand BLAISE +33 6 33 72 61 86 – bertrand.blaise@stellantis.com
SILVEIRA+31 6 43 25 43 41 – Fernão fernao.silveira@stellantis.com
Chao WANG – chao.wang1@stellantis.com
communications@stellantis.com
www.stellantis.com
Leapmotor Communications
Michael Wu +86 1951 890 1971 – Michael_wu@leapmotor.com
Zhou Ying +86 156 5888 5520 – Zhou_ying@leapmotor.com
pr@leapmotor.com
www.leapmotor.com
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