Home / New Energy / News detail

Chinese EV startup Leapmotor said to go public on STAR Market in H2 2021

Monika From Gasgoo| November 26 , 2020 14:25 BJT

Shanghai (Gasgoo)- Chinese EV innovator Leapmotor intends to be listed on the technology-focused Science and Technology Innovation Board (STAR market) in the second half of 2021, according to a local media, citing sources familiar with the matter.

Leapmotor has not released any official announcement when the report is prepared.

Chinese EV startup Leapmotor said to go public on STAR Market in H2 2021

Leapmotor S01; photo credit: Leapmotor

Founded in 2015, the Hangzhou-based EV startup has rolled out into the market two mass-produced models, namely the S01 and the T03. Unlike most startups who choose SUV as their first mass-produced model, Leapmotor's first production vehicle, the S01, is positioned as a small-sized all-electric coupe.

Chinese EV startup Leapmotor said to go public on STAR Market in H2 2021

Leapmotor T03; photo credit: Leapmotor

In May, the T03, the company's second mass-produced model, hit the market with prices ranging from 59,800 yuan ($9,105) to 75,800 yuan ($11,540) after subsidy. Powered by a 55kW electric motor and has a battery capacity of 36.5 kWh, the T03 offers an NEDC range of 403km. The dimensions of 3,620/1,652/1,577mm and the wheelbase of 2,400 mm put it in the league of mini-sized cars.

Leapmotor said it sold 1,743 new vehicles in October, a month-on-month increase of 66%. The cumulative sales for the first ten months totaled 6,335 units. The sales of the T30 are expected to reach 2,000 units in November, according to Wu Baojun, co-founder and CEO of Leapmotor.

Chinese EV startup Leapmotor said to go public on STAR Market in H2 2021

Leapmotor C11; photo credit: Leapmotor

Leapmotor launched the C11, its third production model, at the Auto Guangzhou 2020. The new all-electric SUV measures 4,750mm long, 1,905mm wide and 1,650mm high, and has a wheelbase of 2,930mm. Presale is set to kick off in December with prices ranging from 160,000 yuan ($24,360) to 200,000 yuan ($30,450).

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com