Update: Added more pictures about G6 shared by XPeng.
XPeng management previously said that the G6 will be unveiled at the Shanghai auto show and will be officially launched and delivered by the end of the second quarter, with a price range of RMB 200,000 - 300,000. | XPeng US | XPeng HK
XPeng (NYSE: XPEV) is starting to warm up for the G6, with the new model set to make its official debut at the Shanghai auto show in half a month.
The electric vehicle (EV) maker shared a "spy shot" of the G6 on April 3, showing the SUV's exterior but not revealing any other information.
On April 4, XPeng shared three additional images of the G6.
On March 17, XPeng management said during the company's fourth-quarter earnings call that the G6, a new energy SUV in the price range of 200,000 yuan ($29,020) to 300,000 yuan, will be unveiled at the Shanghai auto show and will be officially launched and delivered by the end of the second quarter.
The upcoming biennial Shanghai auto show will be held from April 18 - 27, with April 18 - 19 being the media days, April 20 - 21 being the professional visitors' days, and the general public being admitted from April 22 - 27.
XPeng's monthly sales target for the G6 is 2-3 times that of the P7, He Xiaopeng, the company's chairman and CEO, said on the call.
The G6's range will be significantly improved and will exceed expectations, and the interior space will be much larger than similar offerings from competitors, he said.
Earlier this month, the XPeng G6 appeared on a regulatory filing list in China, where its core specifications were disclosed.
The XPeng G6 has a length, width and height of 4,753 mm, 1,920 mm and 1,650 mm, respectively, and a wheelbase of 2,890 mm, according to those filing pages.
The G6 will compete with Tesla's (NASDAQ: TSLA) Model Y, XPeng management previously mentioned. The Tesla crossover has a length, width and height of 4,750 mm, 1,921 mm and 1,624 mm, respectively, and a wheelbase of 2,890 mm.
The XPeng G6 will be available in single-motor and dual-motor versions, the former with a 218 kW peak power motor and the latter with an additional motor with 140 kW peak power.
The upcoming G6 will be the swing factor and the model will need to be successful to make XPeng truly relevant in the market again, said Deutsche Bank analyst Edison Yu's team in a research note sent to investors on March 22.
XPeng's monthly sales target for the G6 is two to three times that of the P7, meaning at least 5,000 units per month for the G6 based on a trailing six-month average, Yu's team noted.
XPeng may price the G6 similarly to the Tesla Model Y, hoping to attract consumers with its sleeker design and updated interior, the team said.
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