Leapmotor’s C01 emerges as a potential Chinese competitor to Elon Musk’s Tesla

In China, where the electric vehicle (EV) market is one of the fastest growing in the world with around 500 manufacturers, Hangzhou-based Leapmotor recently unveiled its new performance electric car C01, a mid-size smart electric sedan. medium to large with cell-to-chassis technology.

According to reports, the car will be available in five variants, with prices ranging from 180,000 yuan to 270,000 yuan ($26,784 to $40,176).

This electric car is considered a strong competitor to Tesla’s electric car as it has advanced level features and power. Although this four-wheeler is yet to make its way overseas, its manufacturer’s ambitions to compete with global rivals like the Tesla Model S Plaid cannot be questioned.

As Car News China reports, Leapmotor is a Chinese EV startup, but as of April 2022, the company had shipped 9,087 units in China, a year-over-year increase of more than 200%. It’s also six times more than Tesla sold in China last month.

Features

According to the company’s website, the Leapmotor C01 can go from 0 to 100 km/h in less than four seconds. This is made possible by a 90 kWh battery and a 542 hp motor. Customers will be able to choose between five different variants and four range options – 500 km, 606 km, 630 km and 717 km.

This electric car features CTC, or cell-to-chassis technology, which, according to the company’s website, “integrates the battery module into the vehicle’s body, increasing the resistance of the impact battery and the torsion resistance of the bodywork”.

Also, the C01’s 0.226 drag coefficient is considered an impressive result. The “drag coefficient” is a measure of the effectiveness of an aerodynamic aerodynamic body shape in reducing air resistance to the forward motion of a vehicle.

Coefficient of drag is achieved through the use of frameless doors, concealed door handles, a roofline that flows effortlessly rearward, and low-drag rims on all four wheels of the EV . To add to the effect, the car’s grille is also closed.

Technologically, the C01 uses the Qualcomm Snapdragon 8155 chip, which powers three different displays. Face recognition is used for driver identification and personalization.

Inside the vehicle there are three large screens, one for the instrument cluster, one for the infotainment system and one for the infotainment system passenger screen. In addition, the electric vehicle is equipped with 28 sensors and more than 23 autonomous driving functions.

The vehicle will be available in the second quarter of this year. According to Leapmotor, pre-orders for this vehicle will begin soon.

However, it’s not the first electric vehicle in the company’s lineup. The company already sells the C11 and T03 electric vehicles.

The EV market in China

Under the Made in China 2025 industrial master plan, the Chinese government is encouraging domestic brands to capture a larger market share.

According to a report, the Chinese electric vehicle market was valued at USD 124.2 billion in 2021 and is projected to reach USD 799 billion by 2027, growing at a CAGR of over 30.1% over the forecast period (2022 – 2027).

Covid-19 had a negative impact on the market in 2020.

Market growth in China has been hampered by lockdowns and low income of the population. Manufacturing and sales activities have been halted, and the supply chain has been disrupted, which has limited market growth in 2020.

Despite these issues, Leapmotor’s sales showed the company knew how to circumvent pandemic restrictions.

However, China is currently working on the development of sustainable transport and therefore the electrification of this sector has become a major objective. Over a significant period of time, the country could also see an increase in the adoption of electric buses.

More than 30 Chinese cities have planned to implement 100% electrified public transport in the near future.

EV sales accounted for about 60% of total vehicle sales in cities with no vehicle increment limit, showing that there is still significant growth room for China’s EV sales in the coming years. to come.

However, it should be noted that passenger cars are currently more in demand than commercial vehicles, and this trend is expected to continue throughout the forecast period.

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