Search results for Leapmotor
Industry
Stellantis to mass-produce ultra-low-cost EV from 2028 to take on BYD
Stellantis has unveiled an ultra-low-cost small electric vehicle project aimed at Europe, seeking to defend the mass-market EV segment as Chinese rivals push into the region. The automaker plans to produce a new EV called the E-Car at its Pomigliano plant in Italy from 2028. A precise price was not disclosed, but an industry source cited by Reuters put the starting price at about 15,000 euros.
Mobility
Xpeng in talks to acquire Volkswagen Europe plant as exports jump 62 percent
Chinese electric vehicle maker Xpeng is discussing a plant acquisition with Volkswagen to secure a production base in Europe, as capacity at its contract manufacturing line in Austria tightens. Xpeng produced G6 and G9 models for Europe at Magna Steyr in Austria and completed trial production of the 2026 P7+ sedan in January. Xpeng\'s April overseas exports rose 62 percent from a year earlier. Volkswagen is pursuing cuts to excess capacity in Europe and is considering transferring some capacity to Chinese partners.
Industry
Chinese EV makers move beyond cheap cars as western rivals stay in losses
Chinese electric vehicle makers are reshaping the global auto industry by securing profitability beyond price advantages, while many western rivals remain in the red despite heavy investment. Reports say Leapmotor, Nio and Xpeng have turned profitable, alongside BYD and others. Their edge is linked to vertical integration, battery supply-chain strength and new business models such as battery swapping. Western automakers face high transition costs and softer demand growth.
