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Stellantis' Majority-Owned Leapmotor International to Begin Sales in Europe in September, Expand Globally in Q4
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Stellantis' Majority-Owned Leapmotor International to Begin Sales in Europe in September, Expand Globally in Q4
May 14, 2024 3:29 AM

06:02 AM EDT, 05/14/2024 (MT Newswires) -- Stellantis's ( STLA ) majority-owned Leapmotor International said Tuesday it would launch sales of its electric vehicles in Europe this September through 200 already existing sales outlets.

Leapmotor International is a China-based EV startup 51% owned by multinational motor vehicle firm Stellantis and led by former Stellantis China executive Tianshu Xin. It said it will begin sales of its T03 and C10 models in nine European countries in Q3 and plans to expand sales to India, the Asia Pacific, the Middle East, Africa, and South America in Q4.

The T03 is a compact model while the C10 is designed as a family vehicle. The company said it will introduce at least one new model annually over the next three years.

The cars will initially use Stellantis' ( STLA ) distribution and sales outlets beginning in France, Italy, Germany, Netherlands, Spain, Portugal, Belgium, Greece, and Romania. The company plans to begin selling cars in Turkey, Israel, French overseas territories, India, Australia, New Zealand, Thailand, Malaysia, India, Brazil, and Chile before the end of the year.

Price: 22.78, Change: +0.12, Percent Change: +0.53

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