Stellantis N.V. and Leapmotor have recently announced a strategic partnership that will revolutionize the global electric vehicle (EV) mobility landscape. With Stellantis' plans to invest approximately €1.5 billion and acquire a significant stake in Leapmotor, this collaboration aims to create a highly competitive and efficient EV mobility powerhouse in China and beyond. This article explores the details of this groundbreaking partnership, including the formation of Leapmotor International and the joint venture's plans to accelerate the global sales of Leapmotor's innovative and cost-efficient EV products. Additionally, we will delve into how this partnership aligns with Stellantis' Dare Forward 2030 electrification targets and its commitment to providing affordable and sustainable mobility solutions to customers worldwide.
Leapmotor International: A Global EV Powerhouse
Discover how the formation of Leapmotor International, a joint venture between Stellantis and Leapmotor, will revolutionize the global EV mobility landscape.
Leapmotor International, a 51/49 Stellantis-led joint venture, is set to redefine the global electric vehicle (EV) market. This groundbreaking partnership aims to leverage Stellantis' extensive assets and commercial know-how to accelerate and expand the global sales of Leapmotor's high-tech and cost-efficient EV products.
By combining Leapmotor's unique vertical integration model and full-suite of in-house R&D and manufacturing capabilities with Stellantis' global presence, this joint venture is poised to become a dominant force in the EV industry. With exclusive rights for the export, sale, and manufacturing of Leapmotor products outside Greater China, Leapmotor International is set to make a significant impact on the global EV mobility landscape.
Accelerating Leapmotor's Sales in China and Beyond
Explore how the strategic partnership between Stellantis and Leapmotor aims to boost Leapmotor's sales in China, the largest EV market in the world, while expanding its presence in other regions.
Leapmotor, one of the fastest-growing Chinese pure-play new energy vehicle (NEV) tech leaders, has already established a strong foothold in the Chinese market. With approximately 111,000 NEV units delivered in 2022, Leapmotor is among the top players in China's NEV industry.
Through this strategic partnership, Stellantis aims to leverage Leapmotor's highly innovative and cost-efficient EV ecosystem to meet its Dare Forward 2030 electrification targets. By expanding Leapmotor's sales in China and utilizing Stellantis' global commercial presence, this collaboration will bring affordable and sustainable mobility solutions to customers not only in China but also in other regions, starting with Europe.
Leapmotor's Unique EV Ecosystem and Product Offering
Discover the key features of Leapmotor's EV ecosystem and how its product offering complements Stellantis' current technology and portfolio of iconic brands.
Leapmotor's success in the Chinese NEV market can be attributed to its unique vertical integration model and full-suite of in-house research and development (R&D) and manufacturing capabilities. This vertical integration allows Leapmotor to maximize scalability and quickly respond to customer needs.
Leapmotor offers a range of high-quality EV products, including the smart BEV T03, the best-in-class smart electric SUV C11, and the deluxe smart electric sedan C01. These vehicles are built on Leapmotor's Leap 3.0 central-controlled new electric and electronic architecture, which enables seamless collaboration within the core components of smart EVs.
Stellantis recognizes the value of Leapmotor's EV ecosystem and product offering, as it complements Stellantis' current technology and portfolio of iconic brands. This collaboration will bring more affordable mobility solutions to global customers, combining Leapmotor's innovative approach with Stellantis' extensive expertise in the automotive industry.
Stellantis' Investment and Board Representation
Learn about Stellantis' significant investment in Leapmotor and its role as a shareholder and board member.
Stellantis plans to invest approximately €1.5 billion to acquire approximately 20% equity stake in Leapmotor, making it a significant shareholder in the company. This investment highlights Stellantis' commitment to supporting the global expansion plans of Leapmotor and its belief in the potential of the Chinese pure-play NEV OEM.
As part of the investment, Stellantis will have two seats on Leapmotor's Board of Directors, further solidifying its role in shaping the strategic direction of the company. This board representation will enable Stellantis to actively contribute to the growth and success of Leapmotor International, the joint venture established between the two companies.
Conclusion
The strategic partnership between Stellantis and Leapmotor marks a significant milestone in the global electric vehicle (EV) industry. With Stellantis' investment and the formation of Leapmotor International, this collaboration aims to create a powerful EV mobility powerhouse that will accelerate the adoption of EVs worldwide.
By leveraging Leapmotor's innovative EV ecosystem and Stellantis' global commercial presence, this partnership will not only boost Leapmotor's sales in China, the largest EV market in the world, but also expand its presence in other regions, starting with Europe. Together, Stellantis and Leapmotor are committed to providing affordable and sustainable mobility solutions to customers around the globe.
With Stellantis' significant investment and board representation, Leapmotor is poised for rapid growth and success. This collaboration exemplifies the power of strategic partnerships in driving the future of mobility and accelerating the transition to a greener and more sustainable transportation system.
FQA
What is Leapmotor International?
Leapmotor International is a joint venture between Stellantis and Leapmotor that aims to accelerate and expand the global sales of Leapmotor's high-tech and cost-efficient EV products. It has exclusive rights for the export, sale, and manufacturing of Leapmotor products outside Greater China.
How will this partnership benefit Leapmotor?
This partnership with Stellantis will provide Leapmotor with access to Stellantis' extensive assets and commercial know-how, enabling Leapmotor to accelerate its global expansion plans. It will also help Leapmotor meet its sales targets in China and other regions, starting with Europe.
What are Stellantis' Dare Forward 2030 electrification targets?
Stellantis aims to achieve a 100% passenger car battery electric vehicle (BEV) sales mix in Europe and a 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. The partnership with Leapmotor will contribute to Stellantis' electrification targets and its commitment to sustainable mobility.
How will this partnership benefit customers?
The partnership between Stellantis and Leapmotor will bring more affordable and sustainable mobility solutions to customers worldwide. By leveraging Leapmotor's innovative EV ecosystem and Stellantis' global commercial presence, customers can expect a wider range of high-quality and cost-efficient EV options.