Market Chatter: Leapmotor Tech Plans Hybrid Car Launch in Europe Despite Potential Curbs
MT Newswires Live
5 hours ago
Zhejiang Leapmotor Technology (HKG:9863) is planning to launch a new plug-in hybrid vehicle despite the European Union's efforts to limit Chinese imports, Bloomberg reported Thursday citing the company's co-President Michael Wu.
The company, intending to roll out the model in Europe in the first half of 2027, dismissed the effect of potential EU import restrictions, the report said.
It is yet unsure whether the new EU policy regarding curbs on hybrid vehicles from China will take effect, Wu added.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.