Brief: Leapmotor to comply with import cap rules, but seeks clarity on implementation, CEO says
BRIEF-Leapmotor to comply with import cap rules, but seeks clarity on implementation, CEO says Oct 12 (Reuters) - Zhejiang Leapmotor Technology Co Ltd 9863.HK:
LEAPMOTOR INTERNATIONAL CEO: DISCUSSION ONGOING WITH STELLANTIS FOR FUTURE PRODUCTION LOCALISATION
LEAPMOTOR INTERNATIONAL CEO: MADRID IS AN OPTION BUT NOT YET FINALISED, THERE ARE OTHER OPTIONS AVAILABLE, INCLUDING OUT OF SPAIN
LEAPMOTOR INTERNATIONAL CEO: CAP TO IMPORT OF CHINESE HYBRID CARS TO EUROPE IS 'INTERESTING ALTERNATIVE TO TARIFFS'
LEAPMOTOR INTERNATIONAL CEO: WE WILL COMPLY WITH WHATEVER REGULATION IN IMPORT CAP BUT WE STILL NEED TO UNDERSTAND HOW IT WILL WORK IN PRACTICE
LEAPMOTOR INTERNATIONAL CEO: EV DEMAND IS GAINING TRACTION WE DID NOT EXPECT ONE YEAR AGO, INCLUDING IN ITALY AND SPAIN
Source text: [ID:]
Further company coverage: 9863.HK
(Reporting by Giullio Piovaccari, Editing by Charlotte Van Campenhout)
((Charlotte.VanCampenhout@thomsonreuters.com;))