Leapmotor International, a joint venture between Stellantis and Chinese OEM Leapmotor, made its European debut in Milan on 24 September 2024. The new vehicles available to customers are battery-electric models: the T03 city car and the C10 SUV, priced at €18,900 (US$21,153) and €36,400 respectively. For comparison, the average cost of an electric vehicle (EV) in Germany is €52,700, according to the Center of Automotive Management.
Although the cars will be initially imported from China, Stellantis’ majority stake (51%) in the joint venture gives it manufacturing and export rights outside of Greater China. Building up a production base in Europe will help Leapmotor avoid EU tariffs on Chinese EV imports, an increasingly common strategic move. Production for the T03 will be in Tychy, Poland. No concrete plans have yet emerged for the C10.
