Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

TikTok sister app Douyin to woo merchants with lower deposit fees amid heated competition

June 12, 2025

US dollar tries to recover from three-year nadir

June 12, 2025

Trump seems to reverse course on Chinese students in US, saying he’s in favour of them

June 12, 2025
Facebook X (Twitter) Instagram
Thursday, June 12
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Chinese EV maker Leapmotor jumps into Hong Kong as ‘showcase’ for global push
Business

Chinese EV maker Leapmotor jumps into Hong Kong as ‘showcase’ for global push

adminBy adminJune 11, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 8


Chinese electric vehicle (EV) maker Leapmotor opened its first retail store in Hong Kong on Wednesday, as founder and CEO Zhu Jiangming said the company’s debut in the city would be a stepping stone to greater international success.

The new outlet, in the Cityplaza complex at Taikoo Shing on Hong Kong Island, is the company’s 1,500th store globally. A second Hong Kong store was scheduled to open in December, the company said.

Hong Kong drivers will be able to check out right-hand drive editions of the company’s C10 SUV and its compact, the T03, after Leapmotor unveils them on Thursday, with pricing to be announced at the launch.

While the city’s annual car sales were relatively modest at around 40,000 to 50,000 vehicles, Zhu said the city would serve as a showcase for Leapmotor to reach global consumers and as a window for international investors to better understand the company.

Leapmotor had already expanded its footprint to Malaysia, Thailand and Indonesia, where the company’s B10 compact SUV was slated to join the T03 and C10 later this year, said Cao Li, vice-president, on the sidelines of the Hong Kong store’s opening ceremony.

Based in Hangzhou in China’s eastern Zhejiang province, the carmaker operates more than 600 overseas sales and service outlets across Europe, the Middle East, Africa and Asia-Pacific. It would determine the sites for factories in both Europe and Southeast Asia by the end of the year, Zhu said.

Leapmotor’s international expansion comes as China’s domestic EV sector is embroiled in a brutal price war, with major players slashing prices to defend market share. On May 23, BYD – the sector’s dominant player – cut prices on 22 models, including a 20 per cent reduction on its Seagull hatchback, bringing its price to 55,800 yuan (US$7,766). This followed Geely Galaxy, a sub-brand of Geely Auto, rolling out limited-time discounts ranging from 8 per cent to 18 per cent on seven models.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Business

TikTok sister app Douyin to woo merchants with lower deposit fees amid heated competition

June 12, 2025
Business

ByteDance, SenseTime unveil model updates as China’s AI race heats up

June 12, 2025
Business

Tech war: Nvidia CEO says Huawei has everyone ‘covered’ if US chip ban on China stays

June 12, 2025
Business

Chinese tech champions from Tencent to Unitree boost European ties amid US trade war

June 12, 2025
Business

Chinese EV maker Xpeng, peers look to win over Hongkongers to power global push

June 12, 2025
Business

ByteDance helps jewellery firm Lao Feng Xiang push AI glasses to China’s elderly

June 12, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

IHC affirms tax department’s stance in Rs59.3bn tower business transaction – Business & Finance

June 12, 2025

Pakistan tanners invited to organise leather show in Malaysia – Markets

June 12, 2025

Dubai property: buyers purchase shares in one-bedroom apartment in record time – Business & Finance

June 12, 2025

Monetary Policy Committee to meet on Monday: SBP – Business & Finance

June 12, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • TikTok sister app Douyin to woo merchants with lower deposit fees amid heated competition
  • US dollar tries to recover from three-year nadir
  • Trump seems to reverse course on Chinese students in US, saying he’s in favour of them
  • Gold climbs 2% on weaker dollar, interest rate outlook
  • The U.S. dollar hasn’t been this weak in 3 years. What that means for stock investors

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

TikTok sister app Douyin to woo merchants with lower deposit fees amid heated competition

June 12, 2025

US dollar tries to recover from three-year nadir

June 12, 2025

Trump seems to reverse course on Chinese students in US, saying he’s in favour of them

June 12, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.