Leapmotor launches Lafa 5 electric hatchback starting – check the pricing

Leapmotor has officially launched the Lafa 5 in China, entering the electric hatchback market with competitive pricing. The model’s limited-time starting price is RMB 92,800 ($13,100), representing a reduction of RMB 13,000, or 12.29 percent, from the pre-sales starting price of RMB 105,800.

Deliveries of the Lafa 5 will commence shortly, positioning it to compete in China against models including the Volkswagen ID.3, SAIC MG4, BYD (HKG: 1211, OTCMKTS: BYDDY) Dolphin, and Nio Inc’s (NYSE: NIO) Firefly EV.

Leapmotor offers five variants for the Lafa 5 — 515 Plus, 515 Pro, 515 Max, 605 Pro, and 605 Max — with the numbers indicating CLTC range.

Official starting prices for these variants are RMB 97,800, RMB 105,800, RMB 115,800, RMB 111,800, and RMB 121,800 respectively.

The company is offering a limited-time RMB 5,000 cash discount to customers purchasing the Lafa 5 by December 31, effectively lowering the starting prices to RMB 92,800, RMB 100,800, RMB 110,800, RMB 106,800, and RMB 116,800 respectively.

Leapmotor also allows customers purchasing the model today to receive an additional RMB 2,000 discount, the same as the pre-sales offer.

The company is also developing a higher-spec Lafa 5 Ultra version, slated for release next year. The Lafa 5 is a sporty rear-wheel-drive compact EV tuned by Stellantis’ European team.

Built on Leapmotor’s LEAP 3.5 architecture B platform, it measures 4,430 mm in length, 1,880 mm in width, and 1,520 mm in height, with a 2,735 mm wheelbase.

These dimensions surpass those of the Firefly EV, which measures 4,003 mm in length, 1,781 mm in width, and 1,557 mm in height, with a wheelbase of 2,615 mm.