Leapmotor launches sub-€29k EV hatchback in Europe, targets C-segment

Leapmotor, backed by Stellantis, is launching an all-electric hatchback in Europe priced under €29,000 with 485km range, directly challenging established C-segment competitors. This aggressive pricing signals intensifying EV price competition in Europe, potentially pressuring incumbent automakers' margins. The move underscores the growing influence of Chinese EV makers in the European market.