Summary
- Stellantis and Leapmotor JV successfully shipped first batch of EVs to Europe
- Leapmotor C10 and T03 models imported into European market
- C10 has estimated range of 260 miles and 5-star E-NCAP rating
- T03 ranks number one in BEV segment according to J.D. Power Initial Quality Study
- Stellantis invests €1.5 billion in Leapmotor and plans to produce EVs in Poland.
Article
Stellantis and Leapmotor’s joint venture have successfully shipped their first batch of electric vehicles to Europe. The partnership imported Leapmotor’s C10 and T03 models into the European market, with the C10 being the first product built according to global design and safety standards. The C10 has an estimated range of 260 miles and a 5-star E-NCAP rating, based on the European WLTP standard. It features Leapmotor’s self-developed Leap 3.0 technology architecture and cell-to-chassis technology. The T03, labeled a small 5-door urban commuter, boasts a B-segment interior space and a maximum range of 165 miles.
Stellantis CEO, Carlos Tavares, expressed the company’s commitment to providing innovative, affordable, and sustainable mobility solutions with the shipment of the C10 and T03 vehicles. However, he criticized the US and European tariffs on Chinese EV imports, as Stellantis will have to navigate similar tariffs in Europe. In July, the European Commission imposed tariffs of up to 38.1% on China-made EV imports, on top of the existing 10% rate. Stellantis and Leapmotor are working towards mass production of the T03 by September 2024 in Poland, where the joint venture plans to produce EVs.
Back in October 2023, Stellantis invested €1.5 billion in Leapmotor, acquiring 20% of the company’s stock and two seats on the Board of Directors. Currently, Stellantis owns 51% of Leapmotor, solidifying its position as a major shareholder. As the partnership continues to expand and develop its EV offerings, the companies aim to provide cutting-edge and sustainable mobility solutions to their customers. The joint venture has begun testing T03 production at Stellantis’ plant in Poland, with plans for mass production in the near future.
The successful shipment of EVs to Europe marks a significant milestone in the partnership between Stellantis and Leapmotor, showcasing their dedication to providing advanced and environmentally-friendly vehicles to consumers. The Leapmotor C10 and T03 models offer impressive features and specifications, with the C10 boasting a range of 260 miles and a 5-star safety rating. Stellantis’ investment in Leapmotor further strengthens their collaboration and positions them as key players in the EV market. With plans for mass production in Poland and the development of innovative technology, the joint venture aims to make a substantial impact on the electric vehicle industry.
Stellantis and Leapmotor have made significant progress in their joint venture, with the successful shipment of EVs to Europe being a testament to their commitment to sustainable mobility solutions. The C10 and T03 models offer a blend of advanced technology, safety features, and impressive range, showcasing the capabilities of the partnership. Despite facing challenges such as tariffs on Chinese EV imports, Stellantis and Leapmotor continue to forge ahead with their plans for mass production and expansion in the EV market. The future looks promising for the joint venture as they work towards providing innovative and environmentally-friendly vehicles for consumers.
In conclusion, the partnership between Stellantis and Leapmotor has reached a pivotal moment with the shipment of their first EVs to Europe. The C10 and T03 models offer a combination of advanced technology, safety features, and impressive range, setting the stage for the joint venture’s future success in the electric vehicle market. With ongoing investments, plans for mass production, and a commitment to sustainable mobility solutions, Stellantis and Leapmotor are poised to make a significant impact on the industry. Despite challenges such as tariffs on Chinese EV imports, the partnership remains focused on delivering innovative and environmentally-friendly vehicles to consumers.
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