Leapmotor EVs To Launch in India By Q4 2024

[350Z]

Stellantis and Leapmotor today announced that the two companies have received all required authorizations and the formation of Leapmotor International B.V., a 51/49 Stellantis-led joint venture, is now complete.

• The two companies announced in October 2023 a Stellantis investment of ca. €1.5 billion to acquire approximately 21% equity in Leapmotor.
• This deal also outlined the formation of Leapmotor International, which would have exclusive rights for the export and sale, as well as manufacturing, of Leapmotor products outside Greater China.
• The partnership aims to further boost Leapmotor’s sales in China while leveraging Stellantis’ established global commercial presence to accelerate Leapmotor sales in other regions.
• Headquartered in Amsterdam, the management team led by CEO Tianshu Xin, a former Stellantis China executive, are now laying the groundwork for introduction of the T03 and C10 models.
• Leapmotor cars will be first introduced in the European markets, followed by India & Asia Pacific (excluding Greater China), Middle East & Africa, and South America starting in the fourth quarter 2024.
• Leveraging Stellantis distribution channels, the launch plan will begin in Europe - France, Italy, Germany, Netherlands, Spain, Portugal, Belgium, Greece, Romania - starting in September 2024.
• In late 2024, the Leapmotor product launch will expand to Turkey, Israel, French Overseas, Australia, New Zealand, Thailand, Malaysia, India, Brazil and Chile.
• There will be dedicated country managers and 200 points of sales by the end of the year, including Stellantis & You locations, ramping up to 500 by 2026.

“The creation of Leapmotor International is a great step forward in helping address the urgent global warming issue with state-of-the-art BEV models that will compete with existing Chinese brands in key markets around the world,” said Stellantis CEO Carlos Tavares. “Leveraging our existing global presence, we will soon be able to offer our customers price competitive and tech-centric electric vehicles that will exceed their expectations. Under Tianshu Xin’s leadership, they have built a compelling worldwide commercial and industrial strategy to quickly ramp-up the sales distribution channels to support Leapmotor’s robust growth and create value for both partners.”

“The partnership between Leapmotor and Stellantis demonstrates a high level of efficiency, opening a new chapter in the global integration of China's intelligent electric vehicle industry,” said Leapmotor Founder, Chairman and CEO Jiangming Zhu. “Leveraging Leapmotor's cutting-edge technology and products, along with Stellantis' support in areas such as overseas channels, services, and marketing, we hope that users around the world can experience the exceptional driving and riding experience brought by Leapmotor products. We believe that this cooperation can give Leapmotor a boost to become a respected world-class intelligent electric vehicle company."

Leapmotor T03







Leapmotor C10






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