One of China’s biggest EV manufacturers, XPeng, reported strong revenue growth in Q2 earnings as demand for EVs continues rising worldwide, but rising material costs and lockdowns in China due to a resurgence in Covid are leading XPeng to be cautious with its Q3 guidance.
Expand Expanding Close
Ahead of its official release in China, XPeng Motors has posted a teaser video showcasing the engineering (beta) version of its City Navigation Guided Pilot (NGP). The one-take video shows XPeng’s P5 sedan driving autonomously from XPeng HQ in Guangzhou to the city center, demonstrating a number of ADAS functions. If and when it reaches mass production, City NGP could offer a legitimate challenge to Tesla FSD beta.
Expand Expanding Close
Chinese EV automaker XPeng Motors announced it has suspended all P5 reservations and pre-orders in the four countries in Europe it currently has a presence. The decision comes just months after the company opened reservations for the P5 overseas. Citing foreseen export timeline issues, XPeng will shift its focus to the P7 sedan.
Expand Expanding Close
As Chinese EV automaker XPeng continues its market expansion into Europe, it has already set up shop in the Netherlands with the intent to inevitably begin sales there. While XPeng determines whether to bring its P5 or P7 sedan to the Netherlands first, I got the chance to visit the country, test them both out, and give feedback. Here’s how it went.
Expand Expanding Close
Following the opening of reservations in four European markets last month, XPeng Motors has shared what pricing EU customers can expect to see after they put a deposit down on a new P5. Three of the four EU countries XPeng now calls home are accepting deposits on P5 reservations, with Norway to follow later this spring.
Expand Expanding Close
Chinese EV automaker, XPeng Motors, is expanding its presence in the EU by opening reservations of its P5 smart EV to four countries – Denmark, the Netherlands, Norway, and Sweden. The P5 is the third production model to arrive from XPeng, and its reservations are joined by news of an “Experience Store” which just opened in the Netherlands – the automaker’s second showroom in Europe.
Expand Expanding Close
Following entry into the Norwegian EV market last year, XPeng Motors is expanding to the Netherlands and Sweden, opening branded retail stores. XPeng’s business model for Europe combines direct sales with an agency model, delivering branded retail locations almost immediately.
Expand Expanding Close
Chinese automaker XPeng Motors has shared beta testing footage of its City Navigation Guided Pilot (NGP), one of the upcoming features of its advanced driver assistance system. The footage shows XPeng’s upcoming P5 EV weaving its way through congested traffic in Guangzhou, China where the automaker is headquartered. We have footage of the beta testing video below.
Expand Expanding Close
Chinese EV automaker XPeng Motors has officially launched its new P5 sedan in China, ahead of deliveries in October. With the P5, XPeng looks to enter one of the largest vehicle segments in China currently dominated by ICE competitors, and introduce a technologically advanced EV that is competitively priced. From what XPeng has now shared, the P5 has the advanced features and affordable pricing to find success in multiple markets.
Expand Expanding Close
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.
Expand Expanding Close
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.
Expand Expanding Close