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Key FactsStellantis, Leapmotor Enter European EV Market

May 14, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: timeslive.co.za

Stellantis will enter the European electric vehicle market in September with two models from its Chinese joint venture partner, Leapmotor.

A growing network of 200 dealerships is set to expand to 500 sales points by 2026.

The joint venture plans to offer at least one new Leapmotor model annually for overseas markets to compete with Chinese rivals in the sub-€20,000 price range.

The partnership between Stellantis and Leapmotor allows for the sale and production of electric vehicles from a Chinese manufacturer outside of China, with Europe being the initial focus.

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