Leapmotor unveils low-cost Model 3 rival

Stellantis-backed Leapmotor has launched the B01 electric sedan, priced from RMB 89,800, to challenge Tesla’s Model 3. The EV features LiDAR, fast charging, and up to 650 kilometers of range, targeting global markets as the company pursues growth abroad amid intensifying price pressures at home. Deliveries in China begin this month, with overseas plans yet to be announced.