One of the world's largest EV makers says $7000 electric SUVs are coming

One of the world's largest EV makers says $7000 electric SUVs are coming

Leapmotor CEO Zhu Jiangming claims midsize electric SUVs could soon sell for as little as $7,000, thanks to rapid advances in chip integration and manufacturing efficiencies—much like the plummeting prices of big-screen TVs. While still years away, the goal signals China’s aggressive push to dominate the global EV market with unbeatable affordability. Stellantis, which owns 20% of Leapmotor, could be a key player in this transformation.

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