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Zhejiang Leapmotor Technology Co., Ltd.
Company type Public
SEHK:  9863
Industry Automotive
FoundedDecember 2015; 8 years ago (December 2015)
FounderFu Liquan, Zhu Jiangming
Headquarters Hangzhou, Zhejiang, China
RevenueIncrease HK$ 18.14 billion (2023) [1]
Increase HK$ –4.57 billion (2023) [1]
Owner Stellantis (20%)
Number of employees
9,310 (2024) [1]
SubsidiariesLeapmotor International (49%)
Chinese name
Simplified Chinese浙江零跑科技股份有限公司
Hanyu PinyinZhèjiāng Língpǎo Kējì Gǔfèn Yǒuxiàn Gōngsī
Website www.leapmotor.com

Zhejiang Leapmotor Technology Co., Ltd., trading as Leapmotor ( Chinese: 零跑汽车; pinyin: Língpǎo Qìchē; lit. 'Leap car'), is a Chinese startup automobile manufacturer headquartered in Hangzhou, China, specializing in developing electric vehicles. The company was founded in 2015, and sold its first vehicles in 2019. In 2023, Stellantis acquired 20 percent stake of Leapmotor, and plans to sell Leapmotor vehicles in Europe.

History

Zhu Jiangming (2023)

Leapmotor was founded in December 2015 and is based in Hangzhou, China.

On June 13, 2018, at CES Asia, Leapmotor announced that the first domestically made artificial intelligence (AI) chip, dubbed “ Lingxin 01” has entered the integration verification phase. The AI chip was co-developed by Leapmotor and Zhejiang 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 for autonomous vehicles, and features the capability of deep learning and leading computing power. [2] The company vertically integrates high margin components by developing and building its own components such as electric traction motors, vehicle CPU, and LED lighting. [3]

In October 2018, Leapmotor announced plans to roll out 3 new models over the span of 2018 to 2021, including the LP-S01, the LP-T03 and the LP-C11, based on the S, T and C vehicle platform respectively. [4]

In June 2019, the first product, the Leapmotor S01 electric 2-door coupe, is launched on the Chinese market. A prototype was shown at the 2017 Guangzhou Auto Show. At that time, the company had raised RMB 380 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 and state-owned Chinese automaker FAW forged 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, the Leapmotor T03 electric city 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) NEDC cruising range. [9]

The Leap 3.0 Architecture platform showcased at the Auto Guangzhou 2023

In November 2020, Leapmotor officially launched the third mass-production EV, the Leapmotor C11 electric crossover, based on the 2019 C-More concept. 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]

Expansion and cooperation with Stellantis

In August 2023, FAW-VW, one of the Chinese joint venture of Volkswagen Group, entered discussions with Leapmotor to explore the potential acquisition of a platform for manufacturing new electric cars under the Jetta brand, specifically tailored for the Chinese market. [11] Following this, in October of the same year, rival international conglomerate Stellantis expressed 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, a joint venture company with a 51:49 share division, 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 at IAA Mobility 2023 in September, where the first global product, the large SUV Leapmotor C10, was unveiled. [12]

Later, Stellantis announced that Leapmotor cars would join the group's European portfolio in 2024 as the 15th brand. Positioned as a manufacturer of affordable electric cars, Leapmotor aims to strike a balance between basic technological innovations and pricing. [13] In February 2024, Reuters reported that Stellantis was exploring the possibility of producing a Leapmotor model at the Italian plant in Mirafiori, Turin. However, a month later, it was decided that the Leapmotor T03 city car would be assembled at the FCA Poland plant in Tychy. [14]

Products

Current models

Image Name Introduction
( cal. year) 		Vehicle description
T03 March 2020 [15] City car, BEV
C11 December 2020 [16] Mid-size SUV, REEV/BEV
C01 May 2022 [17] Mid-size sedan, REEV/BEV
C10 September 2023 [18] Mid-size SUV, REEV/BEV
C16 2024 [19] Full-size SUV, REEV/BEV

Discontinued models

Image Name Introduction
( cal. year) 		Discontinued Vehicle description
S01 June 2019 2021 compact sport car, BEV

Concept vehicles

Image Name Introduction
( cal. year) 		Vehicle description
C-More April 2019 [20] Mid-size crossover SUV.

Sales

Year Sales
2019 1,000
2020 11,391 [21]
2021 43,121 [22]
2022 111,168 [22]
2023 144,155 [23]

See also

References

  1. ^ a b c "Zhejiang Leapmotor Technology Co Ltd, 9863:HKG profile". markets.ft.com (Financial Times). 2024-02-23. Retrieved 2024-02-25.
  2. ^ "Leapmotor announces China's first homegrown autonomous driving AI chip". Autonews.gasgoo.com. June 14, 2018.
  3. ^ "The Big Read: Story of Leapmotor". CarNewsChina.com. 14 November 2021. Retrieved 3 June 2022.
  4. ^ "Leapmotor to roll out 3 new models over next 3 years". Autonews.gasgoo.com. October 24, 2018.
  5. ^ "Leap Motor LP-S01 – chiński elektryczny samochód sportowy [FOTO] • SAMOCHODY ELEKTRYCZNE". Elektrowoz.pl. November 10, 2017.
  6. ^ "Startup LeapMotor kicks off delivery of the S01 all-electric coupe on June 28". Autonews.gasgoo.com.
  7. ^ "Leapmotor's First Coupe EV S01 Start to Deliver". Chinapev.com. July 1, 2019.
  8. ^ "Startup Leapmotor, FAW Car to jointly develop smart EV models". Autonews.gasgoo.com. May 9, 2020.
  9. ^ "Chinese EV Startup Leapmotor Listed its 2nd EV, Leapmotor T03 goes on market". Chinapev.com. May 12, 2020.
  10. ^ "Meet the Leap C11, a dual-motor e-SUV slated for Guangzhou show premiere". Formacar.com. November 1, 2020.
  11. ^ "VW Group Interested In Leapmotor EV Platform For Jetta Brand: Report". Retrieved 2023-10-28.
  12. ^ "Leapmotor C10 unveiled in IAA Mobility as the brand's first global model". Retrieved 2023-10-29.
  13. ^ "CHINESE LEAPMOTOR WORDT GOEDKOOP EV-MERK VAN STELLANTIS IN EUROPA" (in Dutch). Retrieved 2023-10-31.
  14. ^ "Stellantis considering building Leapmotor EVs in Italy, report says". Retrieved 2024-03-23.
  15. ^ "Chinese EV Startup Leapmotor Listed its 2nd EV, Leapmotor T03 goes on market". Chinapev.com. 12 May 2020. Retrieved 6 January 2021.
  16. ^ "Meet the Leap C11, a dual-motor e-SUV slated for Guangzhou show premiere". Formacar.com. 1 November 2020. Retrieved 6 January 2021.
  17. ^ Zhang/CnEVPost, Phate (2022-05-11). "Leapmotor unveils C01 sedan with cell to chassis technology". CnEVPost. Retrieved 2022-07-06.
  18. ^ Zhang/CnEVPost, Phate (2023-09-04). "Leapmotor unveils 1st global model, C10, in Germany". CnEVPost. Retrieved 2023-09-05.
  19. ^ 网易 (2024-04-15). "零跑C16申报图曝光 提供纯电版和增程版可选 采用6座布局". www.163.com. Retrieved 2024-04-16.
  20. ^ "LEAPMOTOR Brought Its First Electric SUV C-More to 2019 Shanghai Auto Show". Chinapev.com. 19 May 2019. Retrieved 6 January 2021.
  21. ^ "Hefei said to pump 2 billion yuan into EV startup Leapmotor". Gasgoo. Retrieved 2024-04-13.
  22. ^ a b Zhang, Phate (2023-01-01). "Leapmotor delivers 8,493 units in Dec, raises vehicle prices". CnEVPost. Retrieved 2024-04-13.
  23. ^ "Leapmotor boasts over 29% YoY surge in 2023 annual deliveries". autonews.gasgoo.com. Retrieved 2024-04-13.

External links

Retrieved from " https://en.wikipedia.org/?title=Leapmotor&oldid=1219332907"