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.
XPeng P5 Stories July 19
XPeng P5 Stories July 1
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.