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Stellantis-backed EV maker Leapmotor opens first showroom in Hong Kong
Leapmotor, a Chinese EV maker backed by Stellantis, has opened its first showroom in Hong Kong on June 11. CEO Zhu Jiangming stated this expansion aims to enhance global visibility and investor relations. The showroom features right-hand-drive versions of the C10 SUV and T03 compact model, priced from HK$199,900 and HK$99,900 respectively, as the company seeks local manufacturing sites in Europe and Southeast Asia.
Key points
- Leapmotor launched its first retail store in Hong Kong on June 11.
- The showroom is located at Cityplaza, Taikoo Shing.
- CEO Zhu Jiangming emphasized the move as a means to reach global consumers and clarify investor understanding.
- The showroom offers two models: the C10 SUV and T03 compact vehicle.
- C10 is priced starting at HK$199,900 (US$25,467) and T03 starts at HK$99,900 (US$12,727).
- Leapmotor aims to establish local manufacturing in Europe and Southeast Asia by the end of the year.
Why it matters
- The opening aligns with trends of increasing global competition in the EV market, particularly for Chinese manufacturers.
- Historical context includes the rapid growth of EV adoption and market expansions post-2020 due to environmental concerns.
- Current events demonstrate a shift towards more localized production to meet demand efficiently as seen in IT and manufacturing sectors in 2025.
Leapmotor's showroom launch in Hong Kong marks a strategic step in its global expansion, reflecting the growing shift in the EV market and the significance of local manufacturing to meet future demands.