Stellantis and Leapmotor have announced that the formation of the joint venture between the two firms, Leapmotor International is now complete as a 51/49 split led by Stellantis, following Stellantis’ investment of around 1.5 billion …
have announced that the formation of the joint venture between the two firms, Leapmotor International is now complete as a 51/49 split led by Stellantis, following Stellantis’ investment of around 1.5 billion euro in October 2023 for the acquisition of a 21% equity in Leapmotor.
Launch plans for the Leapmotor brand will begin in Europe with nine countries; France, Italy, Germany, Netherlands, Spain, Portugal, Belgium, Greece and Romania, beginning in September this year each with dedicated country managers, and will reach 200 points of sales by the end of this year, and this will grow to 500 locations by 2026, according to the company.as part of its roll-out in the Middle East and Africa, India and Asia Pacific as well as South American regions.
The other SUV models from Leapmotor shown at the Beijing motor show, which could form part of the roll-out plan, include the C11 and C16 SUVs. Of those shown at Auto China 2024, notably absent from mention in this timeline is the C01 sedan.
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