Stellantis and Leapmotor Joint Venture for EV Expansion

Netherlands/ Hangzhou- Stellantis N.V., and Zhejiang Leapmotor Technology Co., Ltd., and automobile manufacturer, have finalized their joint venture, forming Leapmotor International B.V. in Amsterdam. The management team Led by CEO Tianshu Xin, formerly of Stellantis China, they're preparing to launch the T03 and C10 in Europe, then expanding to other regions by late 2024.

In October 2023, Stellantis invested around €1.5 billion for a 21% stake in Leapmotor, a top 3 Chinese EV startup. This led to the formation of Leapmotor International, granting exclusive rights for export, sale, and manufacturing outside China. The partnership aims to boost Leapmotor's sales in China and accelerate sales with Stellantis' support.

Mr. Carlos Tavares, Stellantis CEO, said “The creation of Leapmotor International is a great step forward in helping address the urgent global warming issue with state-of-the-art BEV models that will compete with existing Chinese brands in key markets around the world.” “Leveraging our existing global presence, we will soon be able to offer our customers price competitive and tech-centric electric vehicles that will exceed their expectations. Under Tianshu Xin’s leadership, they have built a compelling worldwide commercial and industrial strategy to quickly ramp-up the sales distribution channels to support Leapmotor’s robust growth and create value for both partners.”

Mr. Jiangming Zhu, Leapmotor Founder, Chairman and CEO, said “The partnership between Leapmotor and Stellantis demonstrates a high level of efficiency, opening a new chapter in the global integration of China's intelligent electric vehicle industry.” “Leveraging Leapmotor’s cutting-edge technology and products, along with Stellantis’ support in areas such as overseas channels, services, and marketing, we hope that users around the world can experience the exceptional driving and riding experience brought by Leapmotor products. We believe that this cooperation can give Leapmotor a boost to become a respected world-class intelligent electric vehicle company.”

Leapmotor's C10, its first product, with design and safety standards. Built on the LEAP3.0 technology architecture, it advanced features like central integrated electronics, cell-to-chassis technology (CTC), and an intelligent cockpit. As a D-segment vehicle, it offers a premium ride experience, 420 km WLTP range, and a 5-star E-NCAP rating. Recognized for its design, it won both the 2023 International CMF Design Award and the 2024 Gold Award from the French Design Awards.

The Leapmotor T03 is a small five-door, A-segment urban boutique commuter car with B-segment interior space. It is not only stylish but also a pleasure to drive and features 265 km WLTP range. It ranked No. 1 in the JD Power Initial Quality Study in the small BEV segment. 

About Leapmotor

Leapmotor, established in 2015 by Mr. Zhu Jiangming, is a tech-driven EV company in Hangzhou, China. Their lineup includes models like C10, C11, C01, T03, offering electric and dual power options. Stellantis invested in 2023, leading to the formation of Leapmotor International B.V. in May 2024 for international expansion.