Electric: opening of orders for the joint venture of Stellantis and Chinese Leapmotor

Real time

Italian stock exchange

09:25:12 01/10/2024

Varies. 5j.

Varia. Jan 1

12,51 ^EUR

+0,81 %

-10,59 %

-40,84 %

September 30, 2024 at 3:58 p.m.

Leapmotor International is opening orders in Europe as planned for two electric models, the T03 city car and the C10 SUV. The joint venture created by Stellantis and China’s Leapmotor announces that European consumers can now order these two models through designated Stellantis brand dealers. Deliveries are planned for later this year. The stated objective is to “increase global sales” of Chinese electric vehicles.

According to the agreement announced in October 2023, Leapmotor International, managed by Stellantis on a 51/49 basis, holds the exclusive rights to manufacture, export and sell Leapmotor products outside China.

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Stellantis NV is one of the world’s leading automobile manufacturers. The activity is essentially organized around 4 divisions: – sale of passenger and utility vehicles: brands Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Lancia, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys; – sale of luxury vehicles: Maserati and DS Automobiles brands; – sale of automotive equipment: interior systems, automobile seats, automobile exteriors, emission control systems, etc. ; – others: sales financing services (purchase, rental, leasing, etc.), after-sales services, etc. The geographical distribution of turnover is as follows: Netherlands (0.8%), North America (46.7%), France (9.5%), Brazil (7.3%), Italy (6.2% ), Germany (5.5%), United Kingdom (4.4%), China (0.6%) and others (19%).

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