Chinese electric vehicle manufacturer Leapmotor has unveiled a series of updates to its existing models, including the T03, C01, and C11, alongside the launch of the new C10, all aimed at offering more competitive pricing in a crowded market.
The T03, a compact battery electric vehicle (BEV) without an extended range electric vehicle (EREV) variant, now comes in three variants with starting prices of RMB 49,900, RMB 59,900, and RMB 69,900, offering city travel ranges of 200 km, 310 km, and 403 km, respectively.
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Leapmotor has also reduced the prices of its C01 and C11 models. The updated C01 BEV is now priced at RMB 139,800, RMB 148,800, and RMB 158,800, with city travel ranges of 525 km, 525 km, and 625 km, respectively. Meanwhile, the C11 BEV is available for RMB 151,800, RMB 158,800, RMB 178,800, and RMB 205,800, offering ranges between 515 km and 580 km.
Additionally, the C01 and C11 models are now offered in EREV versions, with the C01 EREV priced at RMB 136,800, RMB 145,800, and RMB 155,800, and the C11 EREV priced at RMB 148,800, RMB 155,800, RMB 165,800, and RMB 185,800.
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Leapmotor’s move to lower its prices and update its existing models comes as it faces stiff competition in the electric vehicle market. The company originally focused on BEV models but expanded its lineup to include EREV models in 2022 to tap into the growing market for plug-in hybrids.
In 2023, Leapmotor delivered a total of 144,155 vehicles, marking a significant increase of 29.67% compared to the previous year. However, in February 2024, the company experienced a slight downturn in deliveries, with 6,566 vehicles sold, a 46.52% decrease from January, attributed in part to the disruption caused by the Chinese New Year holiday.
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The refreshed T03 is expected to be available for delivery at the end of March, followed by the C11 at the end of April and the C01 at the end of May, as Leapmotor seeks to maintain its momentum in the competitive electric vehicle market.
