Leapmotor T03 price expected to be below 20,000 euros in Europe, Stellantis CEO says

Reuters
2024.05.14 10:44
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Leapmotor T03, a compact EV, is expected to be priced below 20,000 euros in Europe, according to Stellantis CEO Carlos Tavares. The company plans to position Leapmotor to compete with other Chinese brands in Europe and let it lead the business in China. Stellantis aims to leverage the trend of Chinese carmakers earning at least 10% of the European car market's earnings per share this year.

May 14 (Reuters) - Stellantis CEO Carlos Tavares says in a press conference:

  • STELLANTIS CEO: WE DO NOT INTEND TO LEAVE THE 20,000 EURO PRICE BAND OF THE MARKET TO CHINESE COMPETITORS

  • STELLANTIS CEO: CHINESE CARMAKERS WILL HAVE NO LESS THAN 10% EARNINGS PER SHARE OF EUROPEAN CAR MARKET THIS YEAR, WHAT I CAN DO IS TO LEVERAGE THAT TREND

  • STELLANTIS CEO: WE WILL POSITION LEAPMOTOR IN EUROPE IN A SEGMENT TO COMPETE WITH OTHER CHINESE BRANDS

  • STELLANTIS CEO: YOU CAN EXPECT THE PRICE OF LEAPMOTOR T03 COMPACT EV IN EUROPE TO BE BELOW 20,000 EUROS

  • STELLANTIS CEO: CO HAS PROVED NOT TO BE VERY GOOD IN CHINA, WE’LL LET LEAPMOTOR LEAD THE BUSINESS IN CHINA Further company coverage: (STLAM.MI) (9863.HK)

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