Smart and Sustainable Electric Mobility
Production of the Leapmotor T03 small EV will begin as early as the second quarter of this year, using so-called semi-knocked down (SKD) technique, according to Reuters.
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Leapmotor launched the C10 in China on March 2, its first global model, which will be sold in overseas markets starting in the third quarter of this year.
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Spy shots emerge of Leapmotor C16 the next world car from the Stellantis backed Chinese EV producer. The car is likely to go to Europe.
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A Chinese regulator has given its approval for Leapmotor's joint venture with Stellantis, with the deal still awaiting regulatory approval in other markets, according to Reuters.
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Available in EREV and BEV versions, with 1,190 km comprehensive range for EREV and up to 530 km range for BEV. International launch in Q3.
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The Leapmotor C10's official pricing is significantly lower than it was at pre-sale, and updated versions of existing models see price cuts across the board.
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To date, the C10 has more than 23,500 pre-orders since pre-sales began on January 10, Leapmotor said.
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As the global war for NEV market share intensifies, the company could get an edge through its joint venture with US-European auto giant Stellantis.
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Leapmotor co-founder and president Wu Baojun has left the company, which will no longer have a president position, according to local media.
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This is the latest investment Leapmotor has received after announcing a 1.5 billion euro investment from Stellantis on October 26, with the subscription price a 70 percent premium to its closing price in Hong Kong today.
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