The authorization process has been completed for Leapmotor International, which was established under the leadership of Stellantis with a 51/49 percent share between Stellantis and Leapmotor. The official statement on this subject included the following: “Stelntis NV, one of the world’s largest automotive groups, has completed the authorization process for the joint venture with Leapmotor, one of China’s leading automobile manufacturers, for which it recently started negotiations. Stellantis NV and Leapmotor announced that the two companies have completed all necessary authorizations and the establishment of Leapmotor International BV, a joint venture led by Stellantis with a 51/49 percent stake, has been completed. The management team, headquartered in Amsterdam and led by CEO Tianshu Xin, former Stellantis China executive, is preparing to successfully introduce the T03 and C10 models in the European markets in the first phase. The team will expand to India and Asia Pacific (excluding Greater China), South America, Middle East and Africa markets starting from the fourth quarter of 2024. The T03 model, located in the A segment, stands out in urban use with its B segment level interior volume and 265 km WLTP range. If C10, 420km WLTP […]
The article Leapmotor strengthens its presence in Europe was first published on Technology news – LOG.