Zhe gian g Leapmotor Technology Co., Ltd.,trading asLeapmotor(Chinese:Linh chạy ô tô;pinyin:Língpǎo Qìchē;lit.'Leap car'), is a Chinesestartupautomobile manufacturer headquartered inHangzhou,China, specializing in developingelectric vehicles.The company was founded in 2015, and sold its first vehicles in 2019. In 2023,Stellantisacquired 20 percent stake of Leapmotor, and plans to sell Leapmotor vehicles in Europe.
 | |
| Company type | Public |
|---|---|
| SEHK:9863 | |
| Industry | Automotive |
| Founded | December 2015 |
| Founder | Fu Liquan, Zhu Jiangming |
| Headquarters | Hangzhou, Zhe gian g,China |
| Revenue |  HK$18.14 billion (2023)[1] |
| HK$–4.57 billion (2023)[1] | |
| Owner | Stellantis(20%) |
Number of employees | 9,310 (2024)[1] |
| Subsidiaries | Leapmotor International (49%) |
| Chinese name | |
| Simplified Chinese | Chiết Giang linh chạy khoa học kỹ thuật cổ phần công ty hữu hạn |
| Hanyu Pinyin | Zhèjiāng Língpǎo Kējì Gǔfèn Yǒuxiàn Gōngsī |
| Website | www |
History
edit
Leapmotor was founded in December 2015 and is based inHangzhou,China. On June 13, 2018, at CES Asia, Leapmotor announced that the first domestically madeartificial intelligence(AI)chip,dubbed "Lingxin 01",has entered the integration verification phase. The AI chip was co-developed by Leapmotor and Zhe gian g Dahua Technology Co., Ltd (Dahua Technology), and was expected to be tested on vehicles in the second quarter of 2019. The Lingxin 01 is designed forautonomous vehicles,and features the capability ofdeep learningand leading computing power.[2]The company vertically integrates high margin components by developing and building its own components such aselectric traction motors,vehicleCPU,andLEDlighting.[3]
In October 2018, Leapmotor announced plans to roll out 3 new models over the span of 2018 to 2021, including the S01, the T03 and the C11, based on the S, T and C vehicle platform respectively.[4]
In June 2019, the first product, theLeapmotor S01electric 2-door coupe, is launched on theChinese market.A prototype was shown at the 2017Guangzhou Auto Show.At that time, the company had raisedRMB380 million in capital, and construction of the factory had started. The S01 was initially shown as the LP-S01 coupe earlier in 2018.[5]The first deliveries occurred of the S01 in June 2019.[6][7]
In May 2020, Leapmotor andstate-ownedChinese automakerFAWforged a strategic partnership to jointly develop intelligent electric vehicle models. The agreement also involves the joint cooperation on R&D, manufacture, production and application of intelligent electric vehicle core parts, and the further research on the development of key basic technologies and the innovation of production measures.[8]
On May 11, 2020, Leapmotor officially launched its second mass-production EV, theLeapmotor T03electriccity car.The vehicle was launched with a total of 3 models, the price range after subsidy is 65,800-75,800 yuan (~US $9,280 – US $10,691). The Leapmotor T03 is equipped with a battery pack with a capacity of 36.5 kWh, and a 403 km (250 mi)NEDCcruising range.[9]
In November 2020, Leapmotor officially launched the third mass-production EV, theLeapmotor C11electric crossover, based on the 2019C-Moreconcept. The C11 is powered by dual electric motors jointly rated at 400 kW (536 hp) and 720 N⋅m (73.4 kg⋅m; 531 lb⋅ft) of torque. The Leapmotor C11 have around 600 km (373 mi) of driving range.[10]
In August 2023,FAW-VW,one of the Chinese joint venture ofVolkswagen Group,entered discussions with Leapmotor to explore the potential acquisition of a platform for manufacturing new electric cars under theJettabrand, specifically tailored for the Chinese market.[11]
Expansion and cooperation with Stellantis
editIn October 2023,Stellantisexpressed its interest in Leapmotor by acquiring a 20% stake valued at approximately EUR 1.5 billion. This strategic partnership led to the establishment of Leapmotor International, ajoint venturecompany with a 51:49 ratio, facilitating the distribution and production of Leapmotor cars in global markets outside China, thereby supporting the company's expansion plans, notably in Europe. The announcement was made during the European premiere atIAA Mobility2023 in September, where the first global product, the large SUVLeapmotor C10,was unveiled.[12]
In February 2024,Reutersreported that Stellantis was exploring the possibility of producing a Leapmotor model at the Italian plant inMirafiori,Turin.However, a month later, it was decided that theLeapmotor T03city car would be assembled at theFCA Polandplant inTychy.[13]
In May 2024, Leapmotor and the Stellantis Group jointly announced the establishment of the Leapmotor International with a ratio of 51:49, controlled by Stellantis Group. The joint venture has the exclusive right to export, sell and manufacture Leapmotor cars to global market outside China. It will start sales in Europe from September 2024, covering Belgium, France, Italy, Germany, Greece, the Netherlands, Romania, Spain, Portugal and other countries. Starting from the fourth quarter of 2024, Leapmotor International will enter India and the Asia-Pacific, the Middle East and Africa (Turkey, Israel, French Overseas Territories) and South America (Brazil, Chile). Six new models will be introduced starting in 2025 withT03andC10launched first. In the next three years, Leapmotor International will launch at least one new model every year.[14][15]
In November, it is reported that Leapmotor International and Stellantis has cancelled the plan of manufacturing the B10 model in Poland and decided to switch its production to Slovakia and Germany.[16]
Products
editCurrent models
edit| Image | Name | Introduction (cal.year) |
Vehicle description |
|---|---|---|---|
|
T03 | March 2020[17] | City car,BEV |
|
B10 | October 2024 | Compact SUV |
|
C11 | December 2020[18] | Mid-size SUV,EREV/BEV |
|
C01 | May 2022[19] | Mid-size sedan,EREV/BEV |
|
C10 | September 2023[20] | Mid-size SUV,EREV/BEV |
|
C16 | April 2024[21] | Full-size SUV,EREV/BEV |
Discontinued models
edit| Image | Name | Introduction (cal.year) |
Discontinued | Vehicle description |
|---|---|---|---|---|
|
S01 | June 2019 | 2021 | compact sport car,BEV |
Concept vehicles
edit| Image | Name | Introduction (cal.year) |
Vehicle description |
|---|---|---|---|
|
C-More | April 2019[22] | Mid-size crossover SUV. |
Sales
edit
| Year | Sales |
|---|---|
| 2019 | 1,000 |
| 2020 | 11,391[23] |
| 2021 | 43,121[24] |
| 2022 | 111,168[24] |
| 2023 | 144,155[25] |
See also
editReferences
edit- ^abc"Zhe gian g Leapmotor Technology Co Ltd, 9863:HKG profile".markets.ft (Financial Times).23 February 2024.Retrieved25 February2024.
- ^"Leapmotor announces China's first homegrown autonomous driving AI chip".Autonews.gasgoo.14 June 2018.
- ^"The Big Read: Story of Leapmotor".CarNewsChina.14 November 2021.Retrieved3 June2022.
- ^"Leapmotor to roll out 3 new models over next 3 years".Autonews.gasgoo.24 October 2018.
- ^"Leap Motor LP-S01 – chiński elektryczny samochód sportowy [FOTO] • SAMOCHODY ELEKTRYCZNE".Elektrowoz.pl.10 November 2017.
- ^"Startup LeapMotor kicks off delivery of the S01 all-electric coupe on June 28".Autonews.gasgoo.
- ^"Leapmotor's First Coupe EV S01 Start to Deliver".Chinapev.1 July 2019.
- ^"Startup Leapmotor, FAW Car to jointly develop smart EV models".Autonews.gasgoo.9 May 2020.
- ^"Chinese EV Startup Leapmotor Listed its 2nd EV, Leapmotor T03 goes on market".Chinapev.12 May 2020.
- ^"Meet the Leap C11, a dual-motor e-SUV slated for Guangzhou show premiere".Formacar.1 November 2020.
- ^"VW Group Interested In Leapmotor EV Platform For Jetta Brand: Report".Retrieved28 October2023.
- ^"Leapmotor C10 unveiled in IAA Mobility as the brand's first global model".4 September 2023.Retrieved29 October2023.
- ^"Stellantis considering building Leapmotor EVs in Italy, report says".Reuters.Retrieved23 March2024.
- ^"Linh chạy quốc tế hùn vốn công ty hôm nay thành lập, liên thủ đầu sỏ Stellantis tập đoàn thẳng tiến Châu Âu ô tô thị trường - IT nhà".ithome.Retrieved14 May2024.
- ^"Linh chạy quốc tế hùn vốn công ty chính thức thành lập C10 cùng T03 đem đầu tiên tiến vào Châu Âu tiêu thụ _ ô tô _ Trung Quốc võng".auto.china.cn.Retrieved14 May2024.
- ^"Phơi Stellantis cùng linh chạy ô tô từ bỏ ở Ba Lan sinh sản đệ nhị khoản chạy bằng điện ô tô".auto.gasgoo.Retrieved13 November2024.
- ^"Chinese EV Startup Leapmotor Listed its 2nd EV, Leapmotor T03 goes on market".Chinapev.12 May 2020.Retrieved6 January2021.
- ^"Meet the Leap C11, a dual-motor e-SUV slated for Guangzhou show premiere".Formacar.1 November 2020.Retrieved6 January2021.
- ^Zhang/CnEVPost, Phate (11 May 2022)."Leapmotor unveils C01 sedan with cell to chassis technology".CnEVPost.Retrieved6 July2022.
- ^Zhang/CnEVPost, Phate (4 September 2023)."Leapmotor unveils 1st global model, C10, in Germany".CnEVPost.Retrieved5 September2023.
- ^Võng dễ (15 April 2024)."Linh chạy C16 trình báo đồ cho hấp thụ ánh sáng cung cấp thuần điện bản cùng tăng trình bản nhưng tuyển chọn dùng 6 tòa bố cục".163.Retrieved16 April2024.
- ^"LEAPMOTOR Brought Its First Electric SUV C-More to 2019 Shanghai Auto Show".Chinapev.19 May 2019.Retrieved6 January2021.
- ^"Hefei said to pump 2 billion yuan into EV startup Leapmotor".Gasgoo.Retrieved13 April2024.
- ^abZhang, Phate (1 January 2023)."Leapmotor delivers 8,493 units in Dec, raises vehicle prices".CnEVPost.Retrieved13 April2024.
- ^"Leapmotor boasts over 29% YoY surge in 2023 annual deliveries".autonews.gasgoo.Retrieved13 April2024.
