Chinese startup brings budget electric car to home market

Chinese startup brings budget electric car to home market

May 12, 2020 0 By autotimesnews

In China, sales of a stylish and inexpensive electric car Leap Motor LP-T03 have started.

Leap Motor Company launched its electric car LP-T03 at the Chinese car market, the cost of which starts at 65,800 yuan. The maximum price tag for this environmentally friendly model reaches the mark of 75,800 yuan. The Leap Motor LP-T03 is powered by a 75-horsepower electric motor that works in tandem with a 36.5 kWh lithium battery. On one charge, an electric car will travel about 403 kilometers. The length of the car reaches 3,620 mm with a wheelbase of 2,400 mm.

The budget price did not affect the equipment of the Chinese electric car. The novelty receives an autopilot of the 2nd level, three cameras at once, 11 ultrasonic radars, as well as a millimeter-wave radar.

 In addition, in the list of options available for the LP-T03 we see adaptive cruise control, lane control assistant, automatic parking system and much more. In China, the new Leap Motor product will have to compete with the Benben E-Star, BYD e1, Roewe CLEVER and Chery eQ1 models.

 As for the startup itself, it was founded back in 2015 by businessman Zhu Jianmin. His homeland is Zhejiang province in the east of the Middle Kingdom. The company has its own factory, as well as the first model – an electric “coupe” called LP-S01, which boasts a relatively low price and sporty appearance.

Meanwhile, it became known that the Audi Q4 e-tron will become the brand’s most budget electric car. With this model, the automaker is going to master the mass segment of electric vehicles.