Leapmotor International, a 51/49 joint venture led by global automotive leader Stellantis in partnership with Leapmotor, has officially commenced operations, poised to revolutionize the electric vehicle (EV) market.
Starting in September 2024, the company will introduce its cutting-edge EVs in nine European countries, with plans to expand into key growth regions, including India & Asia Pacific, Middle East & Africa, and South America, by Q4 2024.
This strategic move underscores Leapmotor’s ambition to become a global leader in intelligent electric mobility, leveraging cutting-edge technology and Stellantis’ robust global network to drive unprecedented growth.
The partnership, solidified by Stellantis’ €1.5 billion investment for a 21% stake in Leapmotor in 2023, grants Leapmotor International exclusive rights to export, sell, and manufacture Leapmotor products outside Greater China.
This collaboration amplifies Leapmotor’s domestic success—ranking among China’s top three EV startups in 2023—while accelerating its global reach. By year-end, 200 points of sale will be established in Europe, expanding to 500 by 2026, ensuring exceptional customer service and accessibility.
Headquarters in Amsterdam, Leapmotor International, under the leadership of CEO Tianshu Xin, a seasoned Stellantis China executive, will launch with the T03 and C10 models. The T03, a stylish A-segment EV with B-segment interior space and a 265 km WLTP range, is designed for urban commuters. The C10, a premium D-segment family vehicle, offers a 420 km WLTP range, a 5-star E-NCAP rating, and a superior ride experience, recently earning the 2024 French Design Awards Gold.
Leapmotor plans to introduce at least one new model annually over the next three years, ensuring a dynamic and competitive product lineu
“Leapmotor International is set to transform the global EV landscape with innovative, price-competitive models that rival leading brands,” said Stellantis CEO Carlos Tavares.
“Our global infrastructure will empower Leapmotor to deliver unmatched value and technology to customers worldwide.” Leapmotor Founder, Chairman, and CEO Jiangming Zhu added.
“This partnership marks a pivotal moment for China’s intelligent EV industry. By combining our advanced technology with Stellantis’ global expertise, we aim to set a new standard for electric mobility and establish Leapmotor as a respected global brand.”
Leapmotor’s self-developed LEAP3.0 architecture, which has been online on LEAPENERGY, featuring innovations like cell-to-chassis technology and intelligent cockpits, positions its EVs as complementary to Stellantis’ portfolio, offering affordable, high-quality mobility solutions.