July 20, 2024

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China’s Leapmotor Aims to Take EVs Global With Stellantis Deal

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Chinese electric car maker Leapmotor is little known outside its home country, and even there it is overshadowed by bigger players like BYD Co. and Tesla Inc.

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(Bloomberg) — Chinese electric car maker Leapmotor is little known outside its home country, and even there it is overshadowed by bigger players like BYD Co. and Tesla Inc. 

But co-founder and Chief Executive Officer Zhu Jiangming expects that to all change soon, after striking a potentially transformational deal with Stellantis NV — the maker of Chrysler, Fiat, Jeep and Peugeot cars — that will take Leapmotor’s EVs to the rest of the world.  

“The original motivation to start Leapmotor was because the transition from internal combustion engines to EVs represents an amazing opportunity,” Zhu said in a wide-ranging interview late last month. The partnership with Stellantis will “allow us to take the lead and go faster than some other Chinese automakers.” 

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Bloomberg News

2024-07-10 19:49:01

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