Leapmotor Expands in UK: Stellantis Dealerships to Sell Affordable EVs

Chinese electric vehicle (EV) manufacturer Leapmotor (HK:9863) has officially entered the UK market, offering two models— the T03 compact EV and the C10 SUV— through Stellantis (NYSE:STLA) dealerships. The partnership, formed after Stellantis acquired a 21% stake in Leapmotor in 2023, enables the automaker to export, sell, and manufacture Leapmotor EVs outside Greater China.

Currently available at 44 Stellantis dealerships, Leapmotor plans to expand to 80 locations by the end of 2025. The T03, priced at £15,995 ($20,763), is Britain’s second most affordable EV after Renault's Dacia Spring. The larger C10 SUV starts at £36,500, offering more space than BYD’s Atto 3 while undercutting its price by approximately £1,000.

Leapmotor aims to provide the best value in the UK EV market, delivering advanced features at competitive prices. Even the compact T03 boasts a central touchscreen, full-length sunroof, and driver assistance features like adaptive cruise control. "We’re not just about affordability but also cutting-edge technology and premium features," said Damien Dally, Leapmotor’s UK managing director.

Unlike the EU, the UK imposes no tariffs on Chinese-made EVs, allowing Leapmotor to import vehicles directly from China. Meanwhile, Stellantis has started producing the T03 in Poland for the European market.

With its competitive pricing and Stellantis' global backing, Leapmotor is poised to challenge established EV brands in Britain, offering tech-rich vehicles at accessible prices.