Automotive DECODED
Previous edition: 14 May 2024
Share article
Get the full version straight to your inbox.
Exclusive access to our best-in-class data & intelligence
Subscribe now
China's Leapmotor to begin EU expansion in Q4
Stellantis and Leapmotor have announced their JV Leapmotor International will start exporting to mainland Europe in September of this year.
The 51/49 equity share Stellantis-led firm is preparing for the introduction of the T03 and C10 models first in the European markets.
Leveraging Stellantis distribution channels, the launch plan will begin in Europe: France, Italy, Germany, Netherlands, Spain, Portugal, Belgium, Greece, Romania.
It will be supported by a planned 200 points of sale by the end of the year, including Stellantis &You locations, ramping up to 500 by 2026.
In late 2024, the Leapmotor product launch roll-out will expand to the Middle East & Africa (Turkey, Israel and French Overseas), India & Asia Pacific (Australia, New Zealand, Thailand, Malaysia and India), and South America (Brazil and Chile).
Leapmotor Founder, Chairman and CEO Jiangming Zhu said: “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.”
Stellantis CEO Carlos Tavares said: “The creation of Leapmotor International is a great step forward […] with state-of-the-art BEV models that will compete with existing Chinese brands in key markets around the world.”
The Leapmotor C10 is its first global product, built according to global design and safety standards, the JV says.
The Leapmotor T03 is a small five-door, A-segment urban commuter car with B-segment interior space.
Latest news
Lightstate CEO: “We need to entice people into the new green world”
The UK energy tech start-up harnessing the power of solar for EV charging
Biden to hike China EV tariff - report
President Joe Biden would quadruple tariffs on Chinese electric vehicles and sharply increase levies for other key industries this week, unveiling the measures at a White House event framed as a defence of American workers, Bloomberg sources said.
China sales rise 9% in April
Vehicle sales by General Motors (GM) and its joint ventures in China increased 15.3% year on year last month to an April record of 261,870 units.
Nio to launch new family car brand
Chinese battery electric vehicle (BEV) startup Nio plans to launch a new brand to help strengthen its sales of battery powered family passenger vehicles, according to local reports.
JLR enjoys record quarter
Jaguar Land Rover Automotive claimed a record breaking final quarter for the three months to 31 March 2024, with revenue up 11% year on year to GBP7.9bn, while full year revenue was up 27% to JPY29bn, also a record.
First female CFO for Ford
Ford Motor Company has announced it has hired Lucid Motors’ former Chief Financial Officer (CFO), Sherry House to replace John Lawler in early 2025.
Musk says Tesla supercharging network to get $500m this year
Tesla’s CEO Elon Musk said that the firm would spend over $500 million this year to expand its supercharging network.
Honda FY operating profit soars
Honda sales revenue for the fiscal year ended 31 March, 2024 increased 20.8% year on year to JPY20,428.8bn due mainly to increased sales revenue in the automobile business as well as positive foreign currency effects.
In our previous edition
Automotive Decoded
New Volkswagen Tiguan - class leader?
13 May 2024
Automotive Decoded
Delphi's 500 bar GDi and Changan Auto
10 May 2024
Automotive Decoded
In data: India market slows, but rebound expected
09 May 2024
Newsletters in other sectors
Aerospace, Defence & Security
Banking & Payments
Construction
Foodservice
Medical Devices
Travel and Tourism
Search companies, themes, reports, as well as actionable data & insights spanning 22 global industries
Access more premium companies when you subscribe to Explorer