Leapmotor is expanding in Europe’s largest auto market with an ultra-low-cost EV
strategy. In Germany, its T03 city car can be leased from €49 per month, roughly
half the cost of a comparable Fiat 500, supported by a new EV subsidy and
standard features such as a rear-view camera, six airbags, and a panoramic
sunroof. Sales in Germany rose more than fourfold in April, with deliveries up
358% in the first four months to 4,523 units. The growth reflects broader
competition from Chinese automakers, including BYD and Geely, as they leverage a
€3 billion German subsidy program to challenge European rivals with affordable
EVs and hybrids.
