Leapmotor to commence vehicle delivery in Europe in Q3 2024

Beijing (Gasgoo)- On November 23, Wu Qiang, co-president of Chinese new energy vehicle maker Leapmotor, announced the company's anticipation of commencing vehicle deliveries in Europe by the third quarter of next year.

The company will export vehicles to the European market.

Photo credit: Leapmotor

Just three days earlier, on November 20, the Hong Kong Stock Exchange revealed that the transaction announced by Leapmotor and Stellantis in late October had concluded. Leapmotor issued 194 million new H-shares to Stellantis, rendering Leapmotor’s single largest shareholder with a combined ownership of 23.47%, while Stellantis holds 21.26%. This milestone marks a new phase in their partnership, with Dahua Technologies no longer holding shares.

Regarding international expansion, Leapmotor's initial step involves penetrating ten European countries, including Germany, Italy, France, and Spain. The strategy integrates two approaches: leveraging Stellantis' established sales channels for exports and exploring additional overseas pathways based on successful domestic experiences, shaping a comprehensive sales network tailored to the European market.

The debut model slated for international markets is the Leapmotor C10, previously showcased at the IAA Mobility and the Auto Guangzhou 2023. Leapmotor remains flexible regarding the vehicle type for overseas sales, aiming to respond to market demands—whether all-electric or range-extended.