Leapmotor, or How Stellantis Offered Europe to a Chinese Manufacturer without Customs Fees

Marianne

Lean Left

Factuality

Ownership

The Chinese start-up Leapmotor arrives in Europe with the address book of Stellantis (Peugeot-Citroën-Fiat Chrysler), the keys of its factories and an exemption from premium customs duties. Behind the varnish of a strategic partnership, an imbalance is created: on one side, a Western group in bad margins. On the other, an Asian manufacturer who exports its ambitions under licence.

forococheselectricos

Factuality

Ownership

Leapmotor has gone from nothing to selling more than 8,000 electric cars in Europe in just one year. The alliance with Stellantis has opened dealers and facilitated its implementation, while the European group that has a part of China is going through a deep crisis with brands on the verge of disappearance. A total contrast. In just a year, Leapmotor has gone from selling in the first half of the year just 163 cars, to registering more than 8,00…