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Stellantis and Leapmotor expand their electric car market in Europe

Stellantis and Leapmotor expand their electric car market in Europe

The Leapmotor T03 and C10 models of electric vehicles They are ready to arrive in Europe. He Stellantis Group and the chinese company They signed a new agreement that paves the way for the expansion of the Chinese producer on that continent.

The new company – product of the alliance between Stellantis and Leapmotor – will begin operating in Europe from September 2024 and foresees the opening of 200 points of sale in said period. Furthermore, from fourth quarter of the same yearthe company also plans to sell the two models in India, Asia-Pacific, Middle East, Africa and South America.

The new joint venture

The new agreement presents the creation of Leapmotor Internationala company run by Stellantis and Leapmotor – with a shareholding composition of 51/49 respectively -, and foresees the landing of its models of electric cars in Europe. Starting in September 2024, the company plans to open 200 new points of sale.

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The announcement was made by CEO, Carlos Tavares. As announced by the company, the T03 and C10 models will be launched first, with at least one new model that will be introduced every year in the next three years.

“The creation of Leapmotor International is a major step forward in addressing the urgent problem of global warming with next-generation BEV models, which will compete with existing Chinese brands in key markets around the world“added Tavares. Sales of the joint venture will extend, starting in the fourth quarter of 2024, to South America, the Middle East and Africa, and India-Asia-Pacific, Tavares detailed in Hangzhou, China, where Leapmotor is headquartered. .

Tavares and Zhu Jiangmingexecutive president of the Chinese company, did not give details about where electric vehicles could be built in Europe. However, the head of Stellantis stated that any decision on manufacturing would be based on “ cost and quality assessments“, and that the Stellantis plant in Tychy, Poland, could be a possibility.

The first Leapmotor models to arrive in Europe

“Thanks to our current presence in the world, we will soon be able to offer our customers Competitively priced, technology-focused electric vehicles that will exceed your expectations“, stated Tavares. In this way, the first two models that will arrive in Europe will be the T03 and C10.

He Leapmotor T03 it’s a electric car urban vehicle measuring 3.62 meters long, 1.65 meters wide and 1.57 meters high that has a 210-liter trunk capacity. Its electrical system consists of a 109 HP and 158 Nm front motor, powered by a lithium-ion battery pack with a capacity of 41.3 kWh, which offers a declared autonomy of 265 km and a declared WLTP consumption of 15.7 kWh/100 km.

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For his part, the Leapmotor C10 It is based on the global LEAP3.0 cell-chassis (CTC) architecture, developed internally by the company. The model has a declared autonomy of 420 km and recently won the Gold Award 2024 in the French Design Awards (FDA).

Source: Ambito

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