China’s Leapmotor Expands in Germany With EV Costing €49 a Month

China’s Leapmotor is targeting a bigger slice of Europe’s largest auto market with an electric vehicle costing less than a typical monthly mobile-phone bill.

Drivers in Germany can lease the Leapmotor T03 city car from €49 ($58) a month, a plan that factors in a new EV subsidy and is roughly half the price of the similarly sized Fiat 500. The model comes standard with perks including a rear-view camera, six airbags and a panoramic sun roof.