Leapmotor to Launch Budget EVs in Europe with Stellantis Support
Chinese electric vehicle manufacturer Leapmotor is set to begin delivering its T03 compact car in Europe this September, followed by the larger C10 SUV in October. This expansion occurs one year after European automotive giant Stellantis acquired a 20% stake in the Chinese startup. The vehicles will be sold at significantly higher prices than in their domestic market, with the T03 priced at €18,900 and the C10 at €36,400. To facilitate production and potentially bypass additional European Union tariffs on Chinese EV imports, Leapmotor and Stellantis have established a joint venture majority-owned by Stellantis. Plans are underway to start assembling the T03 EVs at Stellantis’ Tychy plant in Poland later this year. This strategic partnership highlights the growing integration of Chinese EV technology with European manufacturing capabilities, aiming to offer budget-friendly electric options to European consumers while navigating complex trade regulations and tariff structures imposed by the EU on imported Chinese electric vehicles.
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Leapmotor to Launch Budget EVs in Europe with Stellantis Support
Chinese electric vehicle manufacturer Leapmotor is set to begin delivering its T03 compact car in Europe this September, followed by the larger C10 SUV in October. This expansion occurs one year after European automotive giant Stellantis acquired a 20% stake in the Chinese startup. The vehicles will be sold at significantly higher prices than in their domestic market, with the T03 priced at €18,900 and the C10 at €36,400. To facilitate production and potentially bypass additional European Union tariffs on Chinese EV imports, Leapmotor and Stellantis have established a joint venture majority-owned by Stellantis. Plans are underway to start assembling the T03 EVs at Stellantis’ Tychy plant in Poland later this year. This strategic partnership highlights the growing integration of Chinese EV technology with European manufacturing capabilities, aiming to offer budget-friendly electric options to European consumers while navigating complex trade regulations and tariff structures imposed by the EU on imported Chinese electric vehicles.
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