Transportation
Chinese Upstart Leapmotor Snags Lucrative Deal to Take EVs Global
- Cost controls, technological know-how were key to deal
- Flagship C10 SUV has been compared to Tesla’s Model Y
Chinese electric car maker Leapmotor is little known outside its home country, and even there it is overshadowed by bigger players like BYD Co. and Tesla Inc.
But co-founder and Chief Executive Officer Zhu Jiangming expects that to all change soon, after striking a potentially transformational deal with Stellantis NV — the maker of Chrysler, Fiat, Jeep and Peugeot cars — that will take Leapmotor’s EVs to the rest of the world.