Chinese electric vehicle maker Leapmotor announced on Wednesday a new electric sports utility vehicle. Chief executive Zhu Jiangming says it is the only model on the market priced within RMB 200,000 ($27,920) and equipped with high-end chips from Nvidia and Qualcomm. The top-end, all-electric C10 integrates a DRIVE Orin system-on-a-chip from Nvidia with 254 TOPS of performance and Qualcomm’s five-nanometer Snapdragon 8295 processor, providing users with advanced features such as automated driving and AI assistant at a price tag of RMB 185,800 ($25,938). The Zhejiang-based automaker also introduced several extended-range hybrid variants with a price range between RMB 151,800 and RMB 181,800, offering a driving range of 1,190 kilometers (739 miles) on a full tank plus a full charge. Leapmotor debuted the C10 SUV with plans to launch it globally at the IAA Mobility in Munich in September, a month before it reached a €1.5 billion (nearly $1.6 billion) investment deal with Stellantis for 20% of its shares. [Leapmotor release, in Chinese]