Leapmotor News

Leapmotor has announced Australian pricing and specifications for its C10 REEV — the hybrid version of its fully electric C10 midsized SUV — and at under $50K drive-away it has Toyota’s RAV4 and Mazda’s new CX-5 in its sights.

Price used to be the biggest hurdle to electric car adoption, but not anymore.Research conducted by the Electric Vehicle Council in 2022 suggested half of new car buyers were considering switching to electric, but the number one concern was the upfront cost.One of the best value offerings at the time was the Tesla Model 3, which started from a whopping $64,300. Consumers were expected to pay $15,000 to $20,000 more for an EV compared to an equivalent petrol model.A lot has changed.The electric car market has expanded significantly and costs, both from existing players and those new-to-market, have come down significantly.The upgraded Tesla Model 3, which now features more driving range and features, starts from $54,900, and you can hop into a fully electric car from as low as $29,990 (for the BYD Dolphin Essential).Not only have costs come down, but the amount of choice has exploded. The just-launched Leapmotor C10 is a mid-size family SUV, which starts from $45,888 before on-roads (or just $47,500 as part of an initial drive-away offer). It’s a price-tag equivalent to a mid-spec Toyota RAV4 — Australia’s most in-demand hybrid SUV — and soon it will have to compete with not only the Xpeng G6 but the Geely EX5.We may have expected electric car price parity to arrive with some fanfare, but it has almost arrived with barely a whimper.Top-selling models, including the Tesla Model Y, still seem to be a price-step above combustion options. There’s a vibrant price-war amongst the increasing number of Chinese automakers available and in an increasing number of segments, but it seems like electric cars have lost their lustre a bit amongst new car buyers.As a result, the latest data from the industry has those considering purchasing an EV dropping significantly.It’s not all over for electric cars as some doom and gloom headlines proclaim, often citing softening (but still growing) sales in Australia. There are also much more dire figures out of Europe causing some of the biggest manufacturers to issue embarrassing about-faces on once-bold all-electric commitments, as customers reject new products in droves.So why is this happening? Do Australian new car buyers even want an EV anymore, and are we set to follow in the footsteps of other places that have seen an EV sales slow-down?The issue has several factors, all of them economic rather than ideological, despite what the comments section would have you believe.Consumer confidence in the new car market has declined significantly with high interest rates. The January 2025 sales data from the Federal Chamber of Automotive Industries (FCAI) showed a continued decline in EV sales following a soft second half of 2024, but also a rapid increase in registrations at the lowest end of the market. Significant winners so far this year include the Kia Picanto, Chery Tiggo 4, MG3, and outgoing Mitsubishi ASX, all budget petrol-powered offerings, and a far cry from the usual mid- or high-spec SUVs which have dominated sales charts for some time.Another significant factor is the removal of EV incentives from most states.The amount of competition in the Australian market has had a knock-on effect of slaughtering the resale value of existing EVs. Imagine having bought a pre-upgrade Model 3 in 2022, only to have its value halve in three years because the new one is not only better, but it’s nearly $10,000 more affordable, too.Then there’s the consideration of why buy a two- or three-year-old, relatively high kilometre Tesla, when you could have a brand-new BYD Seal with a box-fresh warranty from $46,990. Buyers have begun to question whether now is the right time for a purely electric vehicle, when they could simply wait for prices to stabilise, buying or holding on to a combustion car in the meantime.Fuel prices are hovering around $2 a litre and Australia’s New Vehicle Efficiency Standards (NVES) will begin to have a significant impact on the model mix available. Hybrids appear to be the biggest beneficiaries. Sales are up a whopping 76 per cent year-on-year, driven by the return of the supply of popular Toyota models after a long period of parts shortages, and an explosion of new options available from Hyundai, Kia, GWM, Honda, and Nissan.This slowdown in EV consideration is a natural part of the process and what has to happen to bring the technology to the mainstream as automakers scramble to have the best, most affordable vehicles available.It’s the most keen early-adopters of electric vehicles who will feel the brunt of this. Their vehicles have been hit by the biggest declines in value, and they’ve had to put up with an immature charging network and even some additional expenses, like higher insurance costs.Still, the Australian market continues to evolve. While consumers seem to have turned more to hybrids, EV sales still grew in Australia, up 4.7 per cent over the course of 2024. They accounted for 91,292 units or 7.4 per cent the market and more options particularly at the same price of popular hybrids should continue to convert buyers.Australia has plenty of growth in the EV sector to go. Australia has the highest uptake of household solar in the world, which would, in turn, mean that Australian households with the ability to charge in their garage will have some of the lowest per-km cost to recharge their electric vehicles.The biggest factor in the long-run though will be the NVES. Finally catapulting Australia into the world of 21st century emissions policy, this policy will really start to bite in the second half of the decade. Almost every mainstream automaker who has spoken to CarsGuide on the topic has earmarked serious changes to their line-up, with a high percentage of pure electric vehicles necessary for them to avoid hefty fines from the government.It’s also worth noting that at 7.4 per cent adoption, while Australia has been a little slow on the uptake, it’s hardly hit the saturation point which many European jurisdictions and some Chinese cities have reached, which is a big source of their respective market slow-downs.What’s the take-away? While price-parity EVs have quietly arrived in Australia with minimal fanfare, the path for growth here seems more sustainable than the great swings and misses we’ve seen overseas.Periods of explosive growth and unsustainable subsidies are behind us, and a slowly-but-surely set of policies in place here seems to be adding incrementally to Australia’s electric fleets rather than moving from huge sales to gutting losses for automakers, and in the long term, this should add confidence for EV buyers rather than doubt.

Leapmotor studying utes and vans as part of potential future commercial vehicle push.

Leapmotor to rapidly expand its range of electric cars and hybrids to rival MG, GWM, and BYD

Price parity with combustion cars is here - but will Leapmotor find success in targeting post-early-adopter phase electric car buyers?

First it was hybrids that were going to replace combustion engine cars, then electric vehicles, and now we’re back to hybrids again it seems.

Despite a backwards step in 2024, Chinese cars are on-track to bounce back in 2025 as a flood of new brands enter the market.While brands like BYD, MG, GWM and Chery have already established themselves, a new wave is on the way to challenge Japan as Australia’s biggest car importer.By the end of 2024 there were 12 Chinese brands officially in the Australian market and at least two more have announced plans for entry into our market in 2025 with more expected to follow. Japan, by contrast, only has nine brands in our local market but still comfortably leads the overall production with nearly 379,000 vehicles from Japan sold here in 2024.That compares to 272,139 from Thailand and 176,159 from China. Those figures don’t account for a brand’s national base but rather simply where they are built, so it includes certain Tesla, Volvo and other models from different brands.But while Japan and Thailand still lead the way as the most popular countries for new-car production, China appears on-course to overtake them in the not-too-distant future at the current rate.With the likes of Zeekr, Leapmotor, Deepal, XPeng, Geely, Smart, JAC, GAC/Aion, Jaecoo and more set to grow in 2025, plus expanded product lines from BYD, MG, GWM and Chery, the approximate 96,000 sales difference between China and Thailand could shrink dramatically this year.The industry is well aware of the rapid growth of the Chinese car industry in Australia, with Toyota Australia’s Head of Sales, Marketing and Franchise Operations, Sean Hanley, commenting this week: “The Australian new-car market has always been one of the most competitive in the world, and 2025 will be no different. We expect to see more new brands and models, which means more choice and even stronger competition, which, in the end, is great for the consumer.“By all reports, there could be a dozen new Chinese car companies arriving in Australia by the end of next year. In the past five years, they have taken more than 13 percentage points of market share from established brands.”Hanley was quick to point out that while these new brands have taken significant market share, Toyota remains the clear leader.However, that growth must come from somewhere and that will force brands across the market to react to this new array of rivals. This is likely to result in increased competition for Australian buyers at a time when cost-of-living pressures are expected to cool the market after record sales in 2024.

The first global product from Leapmotor — the C10 — has scored a new ‘range-extrender’ hybrid option that could see it become more viable for markets where long driving distances are important.The 2025 Leapmotor C10 REEV (Range Extender Electric Vehicle) will make its debut at the 2025 Brussels Motor Show from January 10, joining the fully electric C10, which debuted in 2023 and is already available to order in Australia.The good news is that Stellantis Australia has confirmed to CarsGuide that the REEV will arrive locally in the first half of 2025, with more details to come later in Q1. Pricing for the EV currently starts from $47,500 drive-away as an introductory offer, for reference.The C10 REEV functions somewhat like a plug-in hybrid electric vehicle (PHEV), utilising a smaller 28.4kWh battery compared to the EV’s 69.9kWh unit and is able to be charged via plug as with EVs and PHEVs.Where it differs from many PHEVs is the petrol-powered 1.5-litre internal combustion engine (ICE) doesn’t drive the wheels at all, acting as a range-extender to charge the battery unit and allow the C10 to travel much further under electric power — albeit no longer tailpipe emission-free.The statement from Stellantis on the REEV’s reveal said the new variant allows for the “smooth, quiet, and responsive driving experience of an electric vehicle, while also providing the flexibility of a traditional gasoline engine for longer trips”.The battery alone can allow up to 145km of electric driving range, but the addition of the range extender brings a total range of more than 950km under WLTP testing according to Stellantis.Compared to the Leapmotor C10 EV, with its electric-only range of up to 420km, the C10 REEV could be far more suited to those in regional areas who find the idea of a relatively short-range EV untenable.The electric motor in the REEV appears to be the same as in the EV, with Stellantis’ media release noting it as a 158kW unit in the REEV, while the Leapmotor Australia website said the EV is a 160kW motor, rear-mounted.

Many so-called “all-new” models aren’t all that new. In fact, a sizeable chunk are reskinned versions of what came before, with fresh sheetmetal over the same general hard points.

ANCAP has released a raft of new scores for eight new models which have landed in Australia this year, with some notable new entrants falling short of the maximum five-star rating.