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Market Chatter: Leapmotor Launches EV in Germany Undercutting Competition

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-- China's Zhejiang Leapmotor Technology (HKG:9863) launched a electric vehicle in Germany under a monthly subscription model that undercuts a similar offer from Stellantis, Bloomberg reported Thursday.

The firm is offering the Leapmotor T03 for a monthly subscription starting at 49 euros, or half the price of the similarly sized Fiat 500, the report said.

The launch comes amid a push by Leapmotor to expand its presence in Europe's largest auto market, the publication said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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