Leapmotor prices T03 lease in Germany below many phone plans
The Stellantis-backed automaker is accelerating its expansion in Europe's largest auto market by launching a lease plan for its T03 compact EV in Germany. German consumers can lease the T03 for €49 ($58) a month , a plan that factors in a new electric vehicle subsidy, according to a Bloomberg report on Monday. This attractive price is even cheaper than many local mobile phone plans in Germany, as Leapmotor hopes to capture a larger market share , the report noted. The lease offer taps into a €3 billion EV subsidy program introduced in Germany this year, bringing the T03's monthly rent to roughly half that of its similarly sized competitors. For direct comparison, the similarly sized Fiat 500e electric vehicle from the Stellantis group has a monthly lease price of about €99. The Leapmotor T03 was launched in Europe in September 2024, entering the German market at that time. Despite its low price, the Leapmotor T03 comes generously equipped , featuring a panoram...