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Xpeng Motors

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XPeng shares aggressive pricing for new P5 sedan, undercutting Tesla Model 3 by $14k

XPeng P5 pricing

Chinese EV automaker XPeng Motors has shared pricing on its upcoming P5 sedan, and it’s quite ambitious. The automaker has officially begun accepting pre-orders on the P5, and has shared that the pricing will begin at 160,000 yuan ($24,650), significantly lower than competitor Tesla’s Model 3, which starts at 250,900 yuan ($38,650) in China.

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XPeng shares footage of its X2 electric flying car

XPeng flying car

A new flying car prototype with autonomous capabilities has been unveiled by XPeng Huitian, a division of XPeng Motors in China. The X2, as its being called, is the fifth-generation flying car from XPeng, and according to the company’s Chairman and CEO, “marks another step closer to a more widely available and safe flying car.”

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Both NIO and XPeng announce record-high deliveries for June and Q2

NIO Xpeng

China continues to grow its EV presence as automakers (and Tesla competitors) NIO and Xiaopeng Motors (XPeng) have reported delivery records for June, as well as Q2 of 2021. This is a continued trend for the Chinese automakers, who have both seen tremendous month-over-month growth and even more growth year-over-year.

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Tesla competitors growing in China: NIO, Xpeng, and more

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Tesla continues to grow in market value and most recently, in crypto currency. Being No. 1 puts an “x” on the American automaker’s back, but it also helps fuel a healthy pool of Tesla competitors, especially in China. Below are several of the big names making extensive gains in the Asian auto market. These companies are already challenging Tesla in China, and some may bring the competition to American soil next.

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