Leapmotor Rolls Into Hong Kong With Right-Hand-Drive Debut
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Leapmotor Chairman Zhu Jiangming (left) attends a ceremony to mark the opening of the carmaker’s first Hong Kong store on June 11. Photo: Leapmotor
Chinese electric-vehicle (EV) maker Zhejiang Leapmotor Technology Co. Ltd. on Thursday began taking preorders for two models in Hong Kong, marking its official entry into the right-hand-drive vehicle market.
While Hong Kong is a small market, with annual sales of around 40,000 to 50,000 cars, the city will serve as a showcase for Leapmotor to reach global consumers and international investors to better understand the brand, Leapmotor Chairman Zhu Jiangming said.
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What Happened When
- October 2023：
- Leapmotor and Stellantis forged a partnership, with Stellantis investing $1.6 billion for 21% of Leapmotor.
- May 2024：
- Leapmotor and Stellantis established Leapmotor International, a joint venture responsible for manufacturing and selling Leapmotor cars overseas.
- July 2024：
- Leapmotor International began shipping C10s and T03s from China to Europe.
- October 2024：
- The EU launched five years of countervailing duties on China-made EVs, including an extra 20.7% tariff on Leapmotor’s exports to the region.
- First quarter of 2025：
- Leapmotor delivered 87,552 vehicles, including 7,546 shipped overseas, with a net loss narrowed by over 80% to 130 million yuan.
- March 2025：
- Leapmotor Chairman Zhu said the company aims to achieve manufacturing localization in Europe by 2026.
- As of June 10, 2025：
- Leapmotor had over 600 overseas sales and service outlets across Europe, the Middle East, Africa, and the Asia-Pacific region.
- June 11, 2025：
- A Leapmotor senior vice president stated that the company is pushing forward with plans to build a manufacturing facility in Europe.
- June 12, 2025：
- Leapmotor began taking preorders for two models in Hong Kong, marking its official entry into the right-hand-drive market.
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