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Leapmotor has very quickly emerged as a key player not just in China but increasingly in Europe. Ian Henry looks at the latest example of Chinese technologies and companies entering Europe
Purchasing a stake in Leapmotor (a name which was unknown outside China and a limited number of French executives) is looking increasingly like a very shrewd bet by Stellantis. Leapmotor should allow it to steal a march on European competitors as the electric vehicle (EV) segment grows. Stellantis took a 20% stake in Leapmotor in October 2023, and as part of that deal, the two companies created a joint venture in which Stellantis holds a 51% stake. This JV has exclusive rights to export Lepamtoro vehicles from China and produce them outside China as well.
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