Leapmotor Ships First Batch of EVs From China To Europe
Leapmotor International, a joint venture between Stellantis and Leapmotor, has sent its first shipment of electric vehicles to Europe. The shipment includes C10 SUVs and T03 cars, marking the beginning of their efforts to penetrate the European market. Stellantis holds a 51 percent stake in the joint venture, with Leapmotor owning 49 percent. The partnership aims to expand its presence in Europe, with plans to increase sales points from 200 to 500 by 2026 and introduce a new model each year for the next three years.
Leapmotor Ships First Batch of EVs From China To Europe
Leapmotor International, a joint venture between Stellantis and Leapmotor, has shipped its first batch of electric vehicles to Europe. This shipment includes C10 SUVs and T03 cars, marking the start of their efforts to provide electric vehicles to the European market.
The joint venture, with Stellantis holding a 51 percent stake and Leapmotor 49 percent, aims to use its combined resources to deliver electric vehicles. The C10 and T03 models are part of Leapmotor's offerings, with the company being the fourth-largest Chinese new energy vehicle startup by sales as of June 2024.
The shipment signifies the venture's plan to expand its presence in Europe. There are plans to increase the number of sales points from 200 at the end of 2024 to 500 by 2026, aiming to improve service availability for European customers.
Commenting on the occasion, Stellantis CEO Carlos Tavares said, “The shipment of Leapmotor C10 and T03 vehicles to Europe this month is a landmark moment in the partnership between Stellantis and Leapmotor. We are excited about the opportunities this partnership brings and look forward to a successful journey together”.
As these vehicles head to European ports, the joint venture continues to focus on electric mobility. The shipment is the beginning of a collaboration intended to change the electric vehicle market in Europe. Leapmotor International plans to introduce at least one new model each year for the next three years.
Commenting on the occasion Leapmotor Founder, Chairman and CEO Zhu Jiangming said, “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”.
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