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Chinese Leapmotor will start producing electric cars in Tychy

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The Chinese company Zhejiang Leapmotor Technologies, which specializes in the production of electric cars, will start producing small models at the Stellantis car factory in Tychy – Reuters reported, citing two people familiar with the company's plans.

Leapmotor will produce its cars T03 in Tychy in cooperation, as part of a joint venture initiative, with the international Stellantis group, whose headquarters is in the Netherlands.

Leapmotor will produce its T03 cars in TychyLEONHARD SIMON / Reuters / Forum

Production is scheduled to start in 2024

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Production of small electric cars is expected to start before the end of June, one of the sources told Reuters. At this time, neither Leapmotor nor Stellantis has responded to the agency's requests for comment on this information.

Buyout of shares in a Chinese company

Last year, Stellantis announced that it intended to buy 21 percent. shares in a Chinese company; the deal with Leapmotor was supposed to be worth $1.6 billion. The agreement also provides for the creation of a joint venture that gives the Stellantis group the right to build, export and sell Leapomotor cars outside China. China's market regulator approved the joint venture in March; The company's base is the Netherlands, and Stellantis owns 51 percent there. shares.

Tychy won against Turin

Earlier, there were reports that Stallantis assumed that Turin would be the European production base for small Chinese electric models. The Stellantis group owns car brands such as: Fiat, Peugeot, Citroen, Opel and Chrysler.

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Main photo source: LEONHARD SIMON / Reuters / Forum

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