Leapmotor International was established as a joint venture Stellantis-Leapmotor; entering Malaysia by the end of 2024
Stellantis et engine jumped announced that the formation of a joint venture between the two companies, Leapmotor International, has now been completed in a 51/49 split led by Stellantis, following an investment of approximately €1.5 billion (RM7.6 billion). of Stellantis in October 2023 for the acquisition of 21% equity in Leapmotor.
Headquartered in Amsterdam, Netherlands, Leapmotor International has exclusive rights to export and sell Leapmotor products outside of China and this partnership aims to “further promote Leapmotor sales in China, the world’s largest market, while leveraging Stellantis’ established global commercial operations.” presence to significantly accelerate sales of the Leapmotor brand in other regions,” according to the brand.
The planned launch of the Leapmotor brand will begin in Europe with nine countries; France, Italy, Germany, Netherlands, Spain, Portugal, Belgium, Greece and Romania, starting from September this year, each have dedicated country managers and will reach 200 points sales later this year and that number will increase to 500 locations, the company said, by 2026.
Further expansion for the brand will take place towards the end of 2024, incl Malaysia as part of the rollout in the Middle East and Africa, India and Asia Pacific, and South America regions.
The Leapmotor product roadmap begins with the T03 hatchback and C10 SUV, both among a range of models. Models have been shown at the recent Auto China 2024 in Beijing.
Leapmotor International describes the T03 as an “A-segment compact urban commuter with B-segment interior space,” rated with a range of 265 km according to WLTP testing standards, according to the brand.
With Stellantis positioning Leapmotor as an affordable electric vehicle offering among the brands it plans to introduce – and reintroduce – to Malaysia, the T03 will be a stronger candidate for an appearance in Malaysia. this market.
Between 2025 and 2027, Leapmotor International pointed to introducing four more models to its lineup during that time, with an SUV in 2025, followed by two hatchback models in 2026. Later, 2027, will see the launch of another model. SUV, according to its timeline.
Other Leapmotor SUV models on display at the Beijing auto show, which may be part of the market launch plan, include the C11 and C16 SUV models. Among those on display at Auto China 2024, it’s worth noting that the C01 sedan is not mentioned in this timeline.
Carlos Tavares, CEO of Stellantis said: “The establishment of Leapmotor International is a great step forward in helping to solve the urgent problem of global warming with modern BEV models that will compete with leading brands. Chinese brands are present in key markets around the world.
Leapmotor said: “Leveraging Leapmotor’s advanced technology and products, along with Stellantis’ support in areas such as channels, services and overseas marketing, we hope that users worldwide The world can experience the exceptional riding and driving experience offered by Leapmotor products.” founder, CEO and chairman Jiangming Zhu.
COLLECTION: Leapmotor T03 at Auto China 2024, Beijing
COLLECTION: Leapmotor C01 sedan; SUV C10, C11, C16 at Auto China 2024, Beijing
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