Leapmotor's T03 in Poland and Future Plans

TapTechNews June 19th news, according to a report by Reuters on Monday, Jefferies analysts released a report late Sunday night stating that the management of Leapmotor disclosed in an analyst conference call that the first batch of small electric cars, the T03, had rolled off the assembly line at the Stellantis Poland assembly plant last week and is planned to enter mass production in September.

TapTechNews had reported in March this year that Leapmotor would produce the T03 model at the Stellantis Poland Tychy factory. One of the insiders said that the production of the Leapmotor T03 might start before the end of June and would adopt the form of assembly production using semi-knocked down (SKD) technology. The second source said that the Tychy side would ensure that the product cost is low enough so that more customers can afford it. Currently, the work of local production by Leapmotor is progressing as planned.

This year, Leapmotor will enter the overseas market by export. Leapmotor International will be solely responsible for the export and sales of Leapmotor in all markets (except for the Greater China region) globally, and has the exclusive right to manufacture Leapmotor products locally. Stellantis officially stated that the goal of Leapmotor International is to sell 500,000 cars outside the Chinese market by 2030.

On June 13 local time, Stellantis CEO Carlos Tavares said that due to the recent announcement by the EU to levy tariffs on Chinese electric cars, part of the production of Leapmotor will be transferred to local in Europe.

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Stellantis CEO Carlos Tavares: Due to the EU's proposed tariffs on Chinese electric cars, part of the production of Leapmotor's overseas models will be transferred to local in Europe.

The T03 of Leapmotor will be produced in the Stellantis Poland auto factory.