Stellantis delivered 1.6 million units globally in Q2, up 10% YoY. Leapmotor brand shipped 33,000 units in Europe, up approximately 25,000 YoY, becoming the group's key China representative in electrification. T03 and B10 models drove strong demand.
The Chinese Variable in Stellantis's Financial Report
On July 13, Stellantis released its Q2 global shipment figures, totaling 1.6 million units — a 10% year-on-year increase. In this report, one Chinese EV brand stood out prominently: Leapmotor.
Regional Performance:
Region | Q2 Delivery Change | Key Contribution |
|---|---|---|
North America | +38% | Contributed 122,000 units of growth |
Europe | +5% | Maintained steady growth |
Asia-Pacific | Flat | Remained at low 16,000 units |
Leapmotor: Stellantis's Chinese EV Engine
In Q2, Leapmotor's shipments increased by approximately 25,000 units year-on-year to 33,000, with strong demand driven by the T03 and B10 models.
Behind these numbers, Leapmotor is accelerating penetration into Europe and other overseas markets by leveraging Stellantis's global channels and localized production networks. This achievement validates the feasibility of a "reverse technology export plus multinational channel leverage" model, giving China's new energy supply chain a direct voice in mainstream global automakers' financial reports.
Key Data Points:
Leapmotor's Q2 Europe shipments reached 33,000 units
Year-on-year increase of approximately 25,000 units
Growth drivers: T03 and B10 dual-model momentum
Leapmotor's growth rate has outpaced NEV gains of Citroën and Opel under the group
Model Innovation: Reverse Technology Export
The Leapmotor-Stellantis partnership represents a new paradigm for Chinese automotive globalization:
Technology export: Leapmotor provides electrification platforms, smart cockpits, and intelligent driving technology
Channel leverage: Rapid distribution through Stellantis's mature European dealer network
Local production: Utilizing Stellantis's overseas factories for localized manufacturing and tariff avoidance
This model's uniqueness lies in:
Chinese EV startups are no longer just "exporting products" but "exporting technology"
Cross-border cooperation has shifted from "China buying technology" to "China exporting technology"
Global mainstream automakers are beginning to incorporate Chinese supply chains as core growth engines
Industry Impact
Leapmotor's rapid growth carries multiple demonstration effects:
Externally: Proves that China's NEV technology and supply chains have reached global leading levels
Domestically: Provides other EV startups with a replicable "ride the boat" path to overseas markets
For investors: Leapmotor's growth has become a significant external driver of Stellantis's electrification transformation
Notably, Stellantis's overall Asia-Pacific shipments remained flat year-on-year at a low of 16,000 units. The group did not disclose specific mainland China sales figures, but the zero growth in Asia-Pacific suggests Stellantis still faces adjustment pressure in the Chinese market.
EX1000.COM believes the Leapmotor-Stellantis partnership represents Phase 3.0 of Chinese automotive globalization — from pure export to joint venture factories, then to technology licensing and reverse export. This model deserves in-depth study by all buyers tracking Chinese automotive globalization.
