European orders initiated for affordable electric vehicles by Leapmotor and Stellantis, Chinese and multi-national automakers respectively.
In the midst of the global eMobility transition, Stellantis, a leading automaker, is expanding its electric vehicle (EV) portfolio with the help of Chinese EV manufacturer, Leapmotor. This joint venture is set to bring two new models, the T03 compact car and the C10 SUV, to European markets.
The T03, initially imported from China, will be assembled at Stellantis' Tychy plant in Poland, potentially helping Leapmotor avoid European Union tariffs on imported Chinese EVs. The T03 will be available from the end of September, with prices starting at 18,900 euros.
The C10 SUV, on the other hand, is set to hit dealerships in October, with prices starting at 36,400 euros. Stellantis' CEO, Carlos Tavares, has hinted that the C10 model may also be manufactured in Europe.
Leapmotor will serve as Stellantis' 15th brand, marking a significant step in Stellantis' commitment to electrification. Tavares believes it is key for the industry to sell EVs at the same price as petrol models, making these affordable offerings particularly significant.
This joint venture comes at a time when the global demand for EVs is currently soft, with Stellantis pressing ahead with electrification to comply with EU emission rules. The article discusses the political divisions surrounding these rules, with Stellantis' CEO, Carlos Tavares, opposing relief from intermediate CO2 targets for cars and vans coming into effect in the EU in 2025.
The joint venture between Leapmotor and Stellantis is expected to help Stellantis expand its range of affordable electric vehicles, a move that could shape the future of the European automotive industry. Stellantis holds a 51% stake in their Leapmotor International joint venture, indicating a strong commitment to this partnership.
The T03 and C10 models were showcased for the first time in Europe near Milan, marking a significant milestone in the partnership. As the global eMobility transition continues, this joint venture between Stellantis and Leapmotor promises to bring affordable, high-quality EVs to European consumers.
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