Manufacturing of the Leapmotor T03 small EV will start as early because the second quarter of this yr, utilizing so-called semi-knocked down (SKD) approach, in line with Reuters.
(Picture credit score: CnEVPost)
Chinese language electrical car (EV) firm Leapmotor (HKG: 9863) will start manufacturing of small EVs at a Stellantis (NYSE: STLA) plant in Poland, Reuters mentioned in a report as we speak, citing two folks acquainted with the matter.
Manufacturing of the Leapmotor T03 small automotive will begin as early because the second quarter of this yr, utilizing so-called semi-knocked down (SKD) approach, which consists of turning partially assembled kits into completed autos, one particular person mentioned, in line with the report.
Manufacturing will begin on the Stellantis Poland plant in Tychy, the second supply mentioned.
The T03 is a compact battery electrical car (BEV) and is the least costly of Leapmotor’s fashions at the moment on sale.
On March 2, Leapmotor launched the 2024 T03 in China, providing three variations with beginning costs of RMB 49,900, RMB 59,900 and RMB 69,900 respectively. Their CLTC ranges are 200 kilometers, 310 kilometers, and 403 kilometers, respectively.
The beforehand on-sale 2023 T03 was provided in 4 variants with beginning costs of RMB 59,900, RMB 69,900, RMB 80,900, and RMB 89,900, respectively.
The T03 bought 35,454 autos in 2023, contributing 24.6 p.c of Leapmotor’s annual gross sales of 144,155 items, in line with knowledge compiled by CnEVPost.
Leapmotor’s different fashions are the dearer C10, C11, C01, and S01, with the C-series fashions provided in each BEV and extended-range electrical car (EREV) variations.
Leapmotor introduced on October 26 final yr that Stellantis would make investments 1.5 billion euros ($1.6 billion) in it for a roughly 20 p.c stake, making it the EV maker’s largest exterior shareholder.
The 2 firms plan to type a three way partnership known as Leapmotor Worldwide to speed up and develop world gross sales of Leapmotor’s merchandise by leveraging Stellantis’ world assets, Leapmotor’s announcement mentioned on the time.
Stellantis will personal 51 p.c of the three way partnership, with Leapmotor holding the opposite 49 p.c.
The three way partnership may have the unique proper to conduct export and gross sales operations to all different markets on the earth besides Higher China, in addition to the unique proper to fabricate Leapmotor merchandise regionally.
Notably, Leapmotor chairman Zhu Jiangming mentioned in a bunch interview with Chinese language media after the C10’s launch on March 2 that the corporate will start promoting autos in abroad markets within the third quarter of this yr, with the primary product being the C10, which would be the firm’s flagship mannequin for abroad markets.
Leapmotor launches new SUV C10 with costs beginning at $17,900, updates current fashions with decrease costs