A previously announced joint venture between China’s Leapmotor and Stellantis has begun building EVs in Europe ahead of local deliveries targeted this fall. Leapmotor’s entry into local production and sales overseas begins with a small EV called the T03.
Today’s latest update on the production of Leapomotor BEVs in Europe comes just over a month after the Chinese automaker confirmed the new business venture with Stellantis. The new JV, named “Leapmotor International,” will expand to sell Chinese EVs in Europe this fall, with additional markets to follow.
Stellantis ($STLA) took a $1.6 billion stake in Chinese OEM Leapmotor last fall, and we have been following the progress of both companies getting into business together, especially as the threat of tariffs on Chinese imports in Europe looms following a recent decision by the EU commission.
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