Leapmotor Confirms CKD Production For Malaysian Market

AI Summary

Chinese automaker Leapmotor is poised to become a leading model for Stellantis in Malaysia. Stellantis will invest €5 million initially to produce Leapmotor's C10 electric SUV in semi-knocked-down (SKD) form at its Gurun plant by year-end, with plans for full CKD production of the B10 model later. This move is driven by Malaysia's growing EV market and the expiring CBU EV subsidy, giving CKD models a competitive edge with tax exemptions until 2027. Stellantis aims to produce 2,400 units of each model annually, targeting both domestic and export markets, despite the current lack of a robust EV ecosystem and specific export incentives within ASEAN.