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With Leapmotor Selling Over 100,000 Vehicles in China in 2023, the Partnership with Stellantis Promises to Revolutionize the Electric Car Market in Europe and the USA!
Stellantis, one of the largest automakers in the world, has just made an ambitious move in the electric car market by acquiring 20% of the Chinese startup Leapmotor. This strategic move includes a significant investment of 1.5 billion euros (approximately US$ 1.58 billion), reinforcing Stellantis’ commitment to electrification.
New Joint Venture to Boost International Sales
As part of this investment, Stellantis has formed a new joint venture, Stellantis International, in which it holds a 51% stake. This exclusive partnership will allow Stellantis to produce, sell, and export Leapmotor vehicles outside of China, starting with Europe, with planned expansion to the USA. Shipments are scheduled to start in the second half of 2024, according to the website insideevs.
Expansion of Stellantis’ Electrification Portfolio
Stellantis, which already encompasses iconic brands like Jeep, Citroën, Chrysler, and RAM, will utilize the Leapmotor vehicle lineup to achieve its electrification goals outlined in the strategic plan Dare Forward 2030. Leapmotor cars will be produced in Stellantis’ global factories, including in the United States.
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Honda City 2027: with a 1.5-liter 126 hp engine, 7-speed CVT transmission, and an exclusive look for Brazil, the sedan will feature a unique front fascia, 6 airbags, Honda Sensing as standard, and up to 4.57 m in length.
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With a price of R$ 96,790, fuel consumption of up to 15.4 km/l, and leadership among hatches in 2026, the Hyundai HB20 Limited 1.0 enters the dispute against Volkswagen Polo and BYD Dolphin Mini, attempting to dominate the market below R$ 100,000.
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With a 1.6-liter 118 hp engine, a 460-liter trunk, and a 7-inch multimedia system, the Nissan V-Drive 2026 is sold in Mexico starting at 339,900 Mexican pesos and relies on low maintenance costs to win over app drivers, fleet owners, and self-employed professionals.
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Costing R$ 57,676 and with a range of up to 815 km, the Volkswagen up! TSI 2018 gets 16.3 km/l on the highway and can be financed with estimated installments of R$ 1,314.
Leapmotor: Innovation and Global Reach
Leapmotor, based in Hangzhou, has already secured its place in the competitive Chinese electric vehicle market, delivering around 111,000 NEVs in 2022. The company offers innovative models, such as the SUV C11 and the sedan C01, and plans to expand its lineup to cover all segments from A to E over the next three years. Its latest model, the Leapmotor C10 SUV, was unveiled at IAA 2023 in Munich.
Advanced Technology and Versatility
Leapmotor bets on the Leap 3.0 platform, also known as Four-Leaf Clover, which supports both battery electric vehicles (BEVs) and extended-range electric vehicles (EREVs). This technology allows EREVs to use an internal combustion engine solely to generate power for the battery, without a direct connection to the wheels, differing from traditional PHEVs.
A Promising Partnership
With this alliance, Stellantis and Leapmotor are set to revolutionize the global landscape of electric cars, combining technological innovation with unprecedented market reach. This collaboration not only strengthens Stellantis’ position in the electrification sector but also opens new opportunities for Leapmotor to explore markets outside of China, securing a promising future for both companies.
Notícia de 2023.