The launch of dealer orders is a milestone for Leapmotor International, the 51:49 joint venture between Stellantis and Leapmotor that is focused on growing global sales of high-tech, cost-efficient Chinese new energy vehicles (NEVs) outside of Greater China. The milestone was achieved in just under one year since the joint venture was formed, concurrent with Stellantis investing €1.5 billion to acquire approximately 21% of Leapmotor.
“This unique partnership in the automotive industry offers European buyers access to advanced, high-value BEV technology, bolstered by the organizational and retail support of Stellantis for a customer-focused ownership experience that sets Leapmotor International apart from other Chinese competitors,” said Stellantis CEO Carlos Tavares. “Thanks to the powerful Stellantis parts distribution system, Leapmotor’s customers will benefit from an unrivaled level of service, which is an important differentiator. We have created a very efficient partnership with Leapmotor that is designed to bring value to our European customers first and to our long-term sustainability.”
“Leapmotor is a technology-focused company dedicated to R&D and vertical integration. We aim to utilize our technological and scalability advantages to collaborate with Stellantis, offering consumers worldwide accessible, high quality electric mobility solutions,” said Leapmotor Founder, Chairman and CEO Zhu Jiangming.
Initial markets for Leapmotor vehicles in Europe will be Belgium, France, Germany, Greece, Italy, Luxemburg, Malta, The Netherlands, Portugal, Romania, Spain, Switzerland, and the UK. Leapmotor International plans to expand distribution to Middle East & Africa (Israel and overseas French territories), Asia Pacific (Australia, New Zealand, Thailand, Malaysia and Nepal), and South America (Brazil and Chile) from Q4 this year.
