Leapao International Joint Venture was formally established and will start selling electric vehicles in 9 European countries starting from September 2024. The business will subsequently expand to other major markets around the world.

• Leapmo International is a 51%:49% joint venture between Stellantis Group and Leapmotor, led by Stellantis Group. It has comprehensive internal development capabilities and is committed to redefining electric vehicles through cutting-edge technology and innovation.

• Leapmo International’s expansion plan will rapidly expand its scale and help drive the value growth of Leapmotor and Stellantis Group

• Leapao International will first launch sales in Europe in September 2024, and plans to expand its sales outlets in Europe to 200 before the end of this year. The joint venture also plans to enter the Indian and Asia-Pacific, Middle East and Africa, and South American markets starting from the fourth quarter of this year

• Two models, T03 and C10, will be launched first. In the next three years, Leappa International will launch at least one new model every year
   

• T03 is a competitive A00-class smart pure electric vehicle suitable for urban use. It has a WLTP cruising range of 265 kilometers and an interior space comparable to that of an A0-class model.
   
• The C10 is a B-class model with excellent configurations and is mainly positioned as a family car. It has the best driving and handling experience in its class, and has a WLTP cruising range of 420 kilometers and a five-star standard in the E-NCAP safety test.

(May 14, 2024, Amsterdam/Hong Kong) Stellantis N.V. (hereinafter referred to as "Stellantis Group") and Zhejiang Leapao Technology Co., Ltd. (hereinafter referred to as "Leapao Auto") announced today that the two companies have passed the agreement on the establishment of " Leapmotor International B.V." (hereinafter referred to as "Leapmotor International") has obtained all necessary approvals. Leapmotor International, led by Stellantis Group, has been formally established. The joint venture is held 51% and 49% by Stellantis Group and Leapmotor Motors respectively. Leapmotor International is headquartered in Amsterdam, the Netherlands. Mr. Xin Tianshu, who comes from Stellantis Group’s China management team, serves as Leapmotor International’s CEO. The joint venture management team led by him is currently preparing for the successful launch of two electric models, T03 and C10, in Europe. At the same time, Leapmo International also plans to launch the above-mentioned models in the markets of India, Asia Pacific (excluding Greater China), the Middle East and Africa, and South America starting from the fourth quarter of 2024.

Picture left: Carlos Tavares, Global CEO of Stellantis Group

Picture right: Zhu Jiangming, founder, chairman and CEO of Leapao Technology

In October 2023, Stellantis Group and Leapmotor announced that Stellantis Group would invest approximately 1.5 billion euros to acquire approximately 21% of Leapmotor's equity. In 2023, Leapmotor will rank among the top three in the annual ranking of new power brands among Chinese electric vehicle companies. The above-mentioned transaction also confirmed that Stellantis Group and Leapmotor will establish a joint venture company "Leapao International". The joint venture has the exclusive right to export and sell Leapmotor vehicles to all other markets around the world except Greater China, as well as the exclusive right to manufacture Leapmotor vehicle products locally. In addition to focusing on further increasing the sales of Leapmotor in China, the world's largest automobile market, this partnership will also rely on Stellantis Group's mature business layout in other global markets to greatly increase the sales of the Leapmotor brand in the local market. .

Stellantis Group CEO Carlos Tavares said: "The establishment of Leapmo International is a big step forward in helping to solve the urgent problem of global warming through state-of-the-art pure electric vehicles, and the electric models it will launch We will compete with existing Chinese brands in major global markets. Leveraging Stellantis Group's existing extensive business assets, strength and accumulation around the world, we will soon be able to provide customers with highly competitive prices and advanced technology. distinctive electric vehicle products and exceed customer expectations. Under Xin Tianshu's leadership, Leapmotor International has developed a compelling global business and industrial strategy to rapidly expand sales and distribution channels, ultimately supporting Leapmotor. strong growth and create value for both shareholders of Lingpao International.”

Zhu Jiangming, founder, chairman and CEO of Leapmotor, said: "The cooperation between Leapmotor and Stellantis Group has been very efficient, opening a new chapter in the global integration of China's smart electric vehicle industry. Based on the competitiveness of Leapmotor's technology and products , as well as Stellantis Group’s assistance in overseas channels, services, marketing, etc., we hope that users around the world can feel the superior and intelligent driving experience brought by Leapmo products, and we also believe that this cooperation can accelerate Leapmotor Become a respectable world-class smart electric vehicle company.”

Leapmo International's electric vehicle products are considered to complement Stellantis Group's current technology and its iconic brand product lineup, and will bring more cost-effective travel solutions to global customers. Leveraging Stellantis Group's global distribution channels, Leapmo International plans to launch Leapmo cars in nine European markets: France, Italy, Germany, the Netherlands, Spain, Portugal, Belgium, Greece and Romania starting from September this year. Leipao International has appointed full-time business leaders for the above-mentioned markets. It plans to expand a total of 200 sales outlets including the Stellantis & You network by the end of this year, and expand the sales network to 500 in 2026 to ensure that customers can Enjoy a high level of quality service. By the end of 2024, Lingpao International will also launch products in Turkey, Israel and French Overseas Territories in the Middle East and Africa, Australia, New Zealand, Thailand, Malaysia in India and the Asia-Pacific region, and Brazil and Chile in South America.

Leipao International Product Planning Chart

C10 is Leapmotor’s first global product built in accordance with global design and safety standards. It is based on Leapmotor’s independently developed LEAP 3.0 technology architecture and has a central integrated electronic and electrical architecture, CTC battery chassis integration and flagship smart cockpit. Leading smart electric technology. This model is a B-class model with excellent configurations and is mainly positioned as a family car. It has the best driving and handling experience in its class, and has a WLTP cruising range of 420 kilometers and a five-star standard in the E-NCAP safety test. . After winning the "2023 International CMF Design Award" for its technological sense and natural aesthetic design, C10 recently won the 2024 French Design Award (FDA) Gold Award.

As a small five-door A00-class urban premium commuter car, T03 has the interior space of an A0-class car, is both fashionable and fun to drive, and has a WLTP cruising range of up to 265 kilometers. In the JD Power Initial Quality Study, the model ranked first in the small pure electric vehicle segment.

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