Leapmotor, founded in 2015, has been a notable player in the electric vehicle (EV) market, particularly in China. Initially, the company had strong ties to Dahua Technology, which held a 33 percent stake at its inception. However, Dahua sold its direct stake in Leapmotor in 2023, marking a significant shift in the company’s ownership landscape. Currently, Leapmotor is 21-percent owned by Stellantis, which invested €1.6 billion in the company this year.
As Leapmotor continues to expand, the company is preparing to launch its B10 Hybrid EV, which is expected to go into production in Spain in the second half of 2026. Priced from €29,990 (approximately $34,800), the B10 aims to capture a segment of the family SUV market with its innovative approach to electric driving. The B10 Hybrid EV boasts an impressive 218 horsepower and offers two battery options, with ranges of 224 miles and 270 miles on the WLTP cycle.
Sales of Leapmotor’s T03 model have surged, showing a remarkable 700 percent increase year-on-year, indicating a growing interest in the brand’s offerings. This uptick in sales comes as Canada prepares to import 49,000 Chinese EVs this year, highlighting the increasing demand for electric vehicles from the region.
Industry observers note that the Leapmotor B10 Hybrid EV is making waves with its features, including a four-year/60,000-mile warranty and an eight-year/100,000-mile battery guarantee. These assurances are likely to appeal to consumers looking for reliability in their electric vehicles.
Despite these advancements, uncertainties remain regarding the impact of local production on the B10’s pricing in Europe. Details remain unconfirmed, leaving potential buyers and investors eager for clarity on how these factors will influence the market.
As Leapmotor continues to innovate and expand its footprint, the company is poised to play a significant role in the evolving landscape of electric vehicles. With strong backing from Stellantis and a focus on hybrid technology, Leapmotor’s future looks promising as it seeks to establish itself further in international markets.