Leapmotor has cut the prices of the BEV versions of its C01 sedan and C11 SUV by up to RMB 20,000 in response to increasing competition in China's EV market.

The company slashed the price of the C11 BEV when it launched the C11 EREV on March 1.

Leapmotor launched the C01 sedan on September 28, 2022, and as of now it is only available in BEV version.

On July 14, a regulatory catalog from China's industrial regulator showed that Leapmotor filed for an EREV version of the C01.

In an effort to turn around its declining sales, Leapmotor unveiled plans last year to release EREV models to target the larger market for plug-in hybrids.

Leapmotor founder, chairman and CEO Zhu Jiangming said after the company announced its third-quarter results on November 14, 2022, that all models of the company's C platform and future new platforms will have both BEV and EREV versions.

Leapmotor delivered a record 13,209 vehicles in June, and its July delivery figures have not yet been released.

($1 = RMB 7.1680)

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