In October 2023, Stellantis and Leapmotor announced a strategic joint venture, a groundbreaking partnership aimed at reshaping the global automotive industry with a focus on electrification and sustainability. This collaboration has led to the creation of Leapmotor International, with Stellantis holding a 51% stake and Leapmotor 49%. The venture is set to accelerate Leapmotor’s expansion beyond China, leveraging Stellantis’ global reach and expertise. By July 2024, Leapmotor had already achieved impressive growth, with 400,000 units sold, positioning it as one of China’s top three electric vehicle (EV) startups.
Driven by the increasing demand for New Energy Vehicles (NEVs) in China, Leapmotor is now eyeing global markets. The brand has established itself as a leader in innovation, developing and patenting over 443 technologies. These technologies are integrated across its vehicle lineup, which includes models such as the mid-sized C01 sedan, C11 SUV, flagship C16, compact T03, and the soon-to-be-released C10 SUV.
