Category: XPeng G6

XPeng begins pre-sales of G6 with starting price significantly lower than Tesla Model Y

The G6's pre-sale starting price is RMB 38,900 lower than the Model Y and RMB 84,900 lower than 's flagship SUV, the G9.

(Image credit: CnEVPost)

XPeng (NYSE: XPEV) has begun pre-sales of its highly anticipated new SUV, the G6, at a price significantly lower than the rival Tesla Model Y.

Pre-sales for the G6 start at RMB 225,000 ($31,610), XPeng announced today on Weibo.

For comparison, the model's direct competitor, the Tesla Model Y, is currently offered in China in three versions starting at RMB 263,900, RMB 313,900, and RMB 363,900 respectively.

This means that the XPeng G6 starts at RMB 38,900 less than the Model Y. The G6 is also RMB 84,900 less than the XPeng flagship SUV, the G9, which starts at RMB 309,900.

It is important to note that the pre-sale price is not the final price and XPeng may offer new pricing based on consumer feedback when the G6 is officially launched.

Consumers who pay RMB 2,000 to reserve the XPeng G6 now will receive an RMB 5,000 discount when they pay for the car.

The XPeng G6 will be officially launched in June, with volume deliveries starting in July, and production capacity will climb rapidly, its management said in a May 24 analyst call after announcing first-quarter earnings.

The G6 will be a hot seller in China's new energy SUV market priced in the RMB 200,000 to 300,000 range, and will enable XPeng's total deliveries to grow well above the industry's pace in the third quarter, the company said.

The G6 has been set aside about two months from the start of production to delivery, and XPeng expects the model to reach more than double the sales of the P7i, its management said.

That means XPeng management expects monthly sales of the G6 to reach 6,000-8,000 units, Deutsche Bank analyst Edison Yu's team said in a research note sent to investors on May 30.

XPeng will likely price the G6 significantly lower than the Model Y, hoping to attract consumers with a sleeker design and updated interior, the team said, adding that the X is already taking that approach with a starting price of just RMB 190,000.

XPeng unveiled an architecture called SEPA (Smart Electric Platform Architecture) 2.0 at a technology conference in Shanghai on April 16, saying the G6 will be the first model built on it.

On April 18, XPeng officially unveiled the G6 on the first day of the Shanghai auto show, saying that the G6 is the ultimate form of car before fully autonomous driving is achieved.

The model is based on the 800 V high-voltage platform and can get a 300-kilometer range in as little as 10 minutes on a charge, XPeng said at the time. The company's other 800 V-based model is the G9.

XPeng cites the Tesla Model Y as its main competitor to the G6. The vehicle is positioned as an all-electric midsize SUV with a length, width and height of 4,753 mm, 1,920 mm and 1,650 mm, respectively, and a wheelbase of 2,890 mm, a regulatory filing in March showed.

For comparison, the Tesla Model Y has a length, width and height of 4,750 mm, 1,921 mm and 1,624 mm and a wheelbase of 2,890 mm.

($1 = RMB 7.1187)

XPeng making its last stand with G6, says Deutsche Bank

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XPeng to start pre-sales of G6 SUV on Jun 9

The G6 needs to be successful for to be truly relevant to the market again, Deutsche Bank analyst Edison Yu's team said earlier this week.

(Image credit: CnEVPost)

XPeng (NYSE: XPEV) will start pre-sales of the G6, a new SUV aimed at competing with 's (NASDAQ: TSLA) Model Y, in a week's time.

Pre-sales for the XPeng G6 will begin on June 9, the Chinese electric vehicle (EV) maker announced today on Weibo, without giving any further details.

XPeng had previously pre-sold the P5 sedan. As per previous practice, it is expected to announce the G6's pre-sale price next week and the SUV's official price at the end of June.

The XPeng G6 will officially launch in June, with volume deliveries starting in July, and production capacity will climb rapidly, the company's management said in a May 24 analyst call after announcing first-quarter earnings.

The G6 will be a hot seller in China's new energy SUV market priced between 200,000 yuan ($28,150) and 300,000 yuan, and will enable XPeng's total deliveries to grow well above the industry's pace in the third quarter, the company said.

With about two months set aside for the G6 from the start of production to delivery, XPeng expects the model to reach more than double the sales of the P7i, its management said.

"With margins and cash burn looking materially worse following 1Q earnings, we believe management may be making its last stand with the G6," said Deutsche Bank analyst Edison Yu's team in a research note sent to investors on May 30.

Yu's team believes that XPeng management's words on the call indicate that the EV maker expects to sell 6,000-8,000 units of the G6 per month.

The G6 needs to be successful for XPeng to be truly relevant to the market again, Yu's team said.

XPeng unveiled a new architecture called SEPA (Smart Electric Platform Architecture) 2.0 at a technical conference in Shanghai on April 16, saying the G6 would be the first model built on the architecture.

On April 18, XPeng officially unveiled the G6 on the first day of the Shanghai auto show, saying that the G6 is the ultimate form of car before full self-driving is achieved.

The model is based on the 800 V high-voltage platform and can get a 300-kilometer range in as little as 10 minutes on a charge, XPeng said at the time. The company's other 800 V-based model is the flagship G9 SUV.

XPeng cited the Tesla Model Y as its main competitor to the G6 and hopes to attract consumers with its sleeker design and updated interior.

The vehicle is positioned as an all-electric midsize SUV with a length, width and height of 4,753 mm, 1,920 mm and 1,650 mm, respectively, and a wheelbase of 2,890 mm, a regulatory filing in March showed.

For comparison, the Tesla Model Y 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.

($1 = RMB 7.1042)

XPeng making its last stand with G6, says Deutsche Bank

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XPeng making its last stand with G6, says Deutsche Bank

With margins and cash burn looking worse following first-quarter earnings, management may be making its last stand with the G6, Deutsche Bank said.  |  XPeng US | XPeng HK

(Image credit: CnEVPost)

XPeng (NYSE: XPEV) is expected to officially launch its new SUV, the G6, late next month, which analysts say will be crucial as the company continues to face weak sales and financial performance.

"With margins and cash burn looking materially worse following 1Q earnings, we believe management may be making its last stand with the G6," Deutsche Bank analyst Edison Yu's team said in a research note sent to investors yesterday.

The team's previous view assumed XPeng could see stable natural margin improvement from the sharp drop in battery input prices, but those savings were mostly offset by incremental promotional activity and a poor mix.

" Therefore, the importance of the upcoming G6 has become even GREATER," the team wrote.

XPeng reported weaker-than-expected first-quarter earnings on May 24, with gross margins plunging to 1.7 percent. As a comparison, that figure was 12.2 percent and 8.7 percent in the same quarter last year and the fourth quarter of 2022, respectively.

The company reported a negative 2.5 percent vehicle margin in the first quarter, compared to 10.4 percent in the same period in 2022 and 5.7 percent in the fourth quarter of 2022.

The decline was due to increased sales promotions and the expiration of the new energy vehicle (NEV) subsidy in China, XPeng said.

XPeng's new SUV, the G6, will officially launch in June, with volume deliveries starting in July, and production capacity will climb quickly, its management said in a May 24 analyst call after announcing first-quarter earnings.

The G6 will be a hot seller in China's new energy SUV market priced between 200,000 yuan ($28,200) and 300,000 yuan, and will enable XPeng's total deliveries to grow well above the industry's pace in the third quarter, the company said.

The G6 has been set aside about two months from the start of production to delivery, and XPeng expects the model to reach more than twice the sales of the P7i, its management said.

That means, according to Yu's team, that XPeng management expects the G6 to sell 6,000-8,000 units a month.

The G6 needs to be successful for XPeng to be truly relevant to the market again, the team said.

XPeng will likely price the G6 significantly lower than the Model Y (RMB 263,900), hoping to attract consumers with a sleeker design and updated interior, the team said, adding that the X is already taking this approach with a starting price of just RMB 190,000.

A leaked image on Chinese social media on May 22 showed XPeng seeing the first production vehicle of the G6 roll off the line.

XPeng expects second-quarter vehicle deliveries to be between 21,000 and 22,000, and given that it delivered 7,079 vehicles in April, the guidance means the company expects it will deliver a total of 13,921 to 14,921 vehicles in May and June.

Yu's team also noted that XPeng's cash burn trajectory was worse than expected.

"XPeng exited 1Q23 with <25bn RMB in net cash as A/P became a big drag on working capital. This was caused by poor sales performance and also suggests to us suppliers are becoming less accommodative," the team wrote.

After months of lackluster G9 demand, XPeng management may be under pressure from suppliers to be more conservative with its outlook, the team said.

That said, XPeng's operating expenses and capex discipline are still very much intact and should at least get the company through most of next year, Yu's team said.

($1 = RMB 7.0951)

XPeng Q1 earnings miss expectations, gross margin falls to 1.7%

The post XPeng making its last stand with G6, says Deutsche Bank appeared first on CnEVPost.

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XPeng sees 1st G6 production vehicle off line

management previously said that the G6 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) has seen the first production vehicle of the G6 roll off the assembly line, as the new SUV gets closer to its official launch.

The development was revealed in a leaked image on Chinese social media of XPeng production line employees celebrating the moment, and XPeng has not released any official content about it.

On March 17, XPeng management said during the company's fourth-quarter earnings call that the G6 will be officially launched and delivered by the end of the second quarter, with a price range of 200,000 yuan ($28,450) to 300,000 yuan.

XPeng's monthly sales target for the G6 is two to three times that of the P7, the company's chairman and CEO He Xiaopeng said in the call.

XPeng gave several previews of the model in early April and unveiled the SUV's exterior ahead of its official debut.

On April 16, the electric vehicle (EV) maker unveiled a new architecture, called SEPA (Smart Electric Platform Architecture) 2.0, at a technology conference in Shanghai, saying the G6 would be the first model built on it.

XPeng officially unveiled the G6 on the first day of the Shanghai auto show on April 18, saying that the G6 is the ultimate form of car before full autonomous driving is achieved.

The model is based on the 800 V high-voltage platform and can get a 300-kilometer range in as little as 10 minutes on a charge, XPeng said at the time. The company's other 800 V-based model is the flagship G9 SUV.

XPeng did not release specific specs or pricing information for the G6, which they expect to know at a future official launch event.

The company appears to be ramping up production preparations for the G6 so that it can deliver it quickly after its official launch, as its local counterparts have proven that strategy to be effective in China's competitive EV market.

XPeng sees the Model Y as the G6's main competitor. The vehicle is positioned as an all-electric midsize SUV with a length, width and height of 4,753 mm, 1,920 mm and 1,650 mm, respectively, and a wheelbase of 2,890 mm, a regulatory filing in March showed.

For comparison, the Tesla Model Y has a length, width and height of 4,750 mm, 1,921 mm, 1,624 mm and a wheelbase of 2,890 mm.

G6 will need to be successful for XPeng to be truly relevant again in the marketplace, Deutsche Bank analyst Edison Yu's team said in a research note sent to investors on May 17.

XPeng will report its unaudited first-quarter financial results on Wednesday, May 24, before the US markets open, when its earnings call is expected to provide more information on the model.

($1 = RMB 7.0295)

XPeng Q1 earnings preview: Counting down to G6

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XPeng G6 debuts at Shanghai auto show

The G6, a new energy SUV with a price range of RMB 200,000-300,000, will be officially launched and delivered by the end of the second quarter, XPeng said previously.

(Image credit: CnEVPost)

XPeng's (NYSE: XPEV) new model G6, its first model based on the next-generation architecture, was officially unveiled today on the first day of the Shanghai auto show.

XPeng said the G6 is the ultimate form of vehicle before full is achieved, saying the model is equipped with XNGP intelligent assisted driving that provides powerful environmental awareness and can generate high precision maps in real-time.

The model is based on an 800 V high-voltage platform and can get 300 kilometers of range in as little as 10 minutes of charge, XPeng said. The company's other 800 V-based model is the flagship G9 SUV.

XPeng did not announce specific specifications or pricing information for the G6, which are expected to be known at a future official launch event.

XPeng unveiled its next-generation architecture called SEPA (Smart Electric Platform Architecture) 2.0 at an event in Shanghai on April 16, saying the G6 will be the first model to be built on it.

The architecture will shorten the development cycle of future models by 20 percent and optimize development efficiency significantly, it said, adding that interchangeability and interoperability of common and modular components between new models will reach 80 percent, enabling XPeng to meet diverse customer needs at an optimized cost.

Early last month, a regulatory filing revealed that 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.

For comparison, the (NASDAQ: TSLA) Model Y measures 4,750 mm in length, 1,921 mm in width and 1,624 mm in height, with a wheelbase of 2,890 mm.

The two single-motor versions of the XPeng G6 feature a 218 kW peak power motor, while the dual-motor version has an additional 140 kW peak power motor.

All three versions of the XPeng G6 in the filing are equipped with cells supplied by 's local competitor CALB, and battery packs are manufactured at XPeng's plant in Wuhan, Hubei.

On March 17, XPeng management said during the company's fourth-quarter earnings call that the G6, a new energy SUV with a price range of RMB 200,000 ($29,090) to RMB 300,000, will be officially launched and delivered by the end of the second quarter.

XPeng's monthly sales target for the G6 is two to three times that of the P7, the company's chairman and CEO He Xiaopeng said during the call.

The G6 will have a significantly improved range that will exceed expectations and will have much more interior space than similar offerings from competitors, he said previously.

In a research note sent to investors on March 22, Deutsche Bank analyst Edison Yu's team said the G6 will be the swing factor and that the model will need to succeed in order to make XPeng truly relevant in the market again.

(1 $= RMB 6.8761)

G6 will be swing factor for XPeng, says Deutsche Bank

The post XPeng G6 debuts at Shanghai auto show appeared first on CnEVPost.

For more articles, please visit CnEVPost.

XPeng G6 debuts at Shanghai auto show

The G6, a new energy SUV with a price range of RMB 200,000-300,000, will be officially launched and delivered by the end of the second quarter, XPeng said previously.

(Image credit: CnEVPost)

XPeng's (NYSE: XPEV) new model G6, its first model based on the next-generation architecture, was officially unveiled today on the first day of the Shanghai auto show.

XPeng said the G6 is the ultimate form of vehicle before full is achieved, saying the model is equipped with XNGP intelligent assisted driving that provides powerful environmental awareness and can generate high precision maps in real-time.

The model is based on an 800 V high-voltage platform and can get 300 kilometers of range in as little as 10 minutes of charge, XPeng said. The company's other 800 V-based model is the flagship G9 SUV.

XPeng did not announce specific specifications or pricing information for the G6, which are expected to be known at a future official launch event.

XPeng unveiled its next-generation architecture called SEPA (Smart Electric Platform Architecture) 2.0 at an event in Shanghai on April 16, saying the G6 will be the first model to be built on it.

The architecture will shorten the development cycle of future models by 20 percent and optimize development efficiency significantly, it said, adding that interchangeability and interoperability of common and modular components between new models will reach 80 percent, enabling XPeng to meet diverse customer needs at an optimized cost.

Early last month, a regulatory filing revealed that 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.

For comparison, the (NASDAQ: TSLA) Model Y measures 4,750 mm in length, 1,921 mm in width and 1,624 mm in height, with a wheelbase of 2,890 mm.

The two single-motor versions of the XPeng G6 feature a 218 kW peak power motor, while the dual-motor version has an additional 140 kW peak power motor.

All three versions of the XPeng G6 in the filing are equipped with cells supplied by 's local competitor CALB, and battery packs are manufactured at XPeng's plant in Wuhan, Hubei.

On March 17, XPeng management said during the company's fourth-quarter earnings call that the G6, a new energy SUV with a price range of RMB 200,000 ($29,090) to RMB 300,000, will be officially launched and delivered by the end of the second quarter.

XPeng's monthly sales target for the G6 is two to three times that of the P7, the company's chairman and CEO He Xiaopeng said during the call.

The G6 will have a significantly improved range that will exceed expectations and will have much more interior space than similar offerings from competitors, he said previously.

In a research note sent to investors on March 22, Deutsche Bank analyst Edison Yu's team said the G6 will be the swing factor and that the model will need to succeed in order to make XPeng truly relevant in the market again.

(1 $= RMB 6.8761)

G6 will be swing factor for XPeng, says Deutsche Bank

The post XPeng G6 debuts at Shanghai auto show appeared first on CnEVPost.

For more articles, please visit CnEVPost.

XPeng to unveil next-gen vehicle technology architecture on Apr 16

G6 will be unveiled at the Shanghai auto show and will be officially launched and delivered by the end of the second quarter.  |  XPeng US XPeng HK

(Image credit: XPeng)

Many car companies have announced new models or technologies ahead of the Shanghai auto show, and XPeng (NYSE: XPEV) will be the next.

XPeng will host a press conference on Sunday, April 16, to showcase its next-generation vehicle technology architecture, according to a press release from the company today.

The press conference, which will be hosted by XPeng chairman and CEO He Xiaopeng, will begin at 3:00 pm Beijing time on April 16.

XPeng did not disclose what the conference will involve but said it will be streamed live on channels including its official website.

In addition, at the 2023 Shanghai auto show, which begins on Tuesday, April 18, the company will debut its next production model, it said.

The Shanghai auto show will be held April 18-27 at the National Exhibition and Convention Center, and XPeng's booth is 6A08, in Hall 6.1.

The company will debut its next production model on the morning of April 18, with a live broadcast from 09:40 - 10:00 am Beijing time.

XPeng didn't mention the model's name, though it's apparently the G6, an SUV that will compete with the Model Y.

The company began warming up for the G6 earlier this month, releasing several images of the model's exterior.

On March 17, XPeng management said during the company's four-quarter earnings call that the G6, a new energy SUV in the price range of 200,000 yuan ($29,210) 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.

XPeng's monthly sales target for the G6 is 2-3 times that of the P7, Mr. He said during the call.

The G6 will have a significantly improved range that will exceed expectations, and will have much more interior space than similar offerings from competitors, he said.

($1 = RMB 6.8461)

XPeng starts warming up for G6, releases official 'spy shot'

The post XPeng to unveil next-gen vehicle technology architecture on Apr 16 appeared first on CnEVPost.

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XPeng to unveil next-gen vehicle technology architecture on Apr 16

G6 will be unveiled at the Shanghai auto show and will be officially launched and delivered by the end of the second quarter.  |  XPeng US XPeng HK

(Image credit: XPeng)

Many car companies have announced new models or technologies ahead of the Shanghai auto show, and XPeng (NYSE: XPEV) will be the next.

XPeng will host a press conference on Sunday, April 16, to showcase its next-generation vehicle technology architecture, according to a press release from the company today.

The press conference, which will be hosted by XPeng chairman and CEO He Xiaopeng, will begin at 3:00 pm Beijing time on April 16.

XPeng did not disclose what the conference will involve but said it will be streamed live on channels including its official website.

In addition, at the 2023 Shanghai auto show, which begins on Tuesday, April 18, the company will debut its next production model, it said.

The Shanghai auto show will be held April 18-27 at the National Exhibition and Convention Center, and XPeng's booth is 6A08, in Hall 6.1.

The company will debut its next production model on the morning of April 18, with a live broadcast from 09:40 - 10:00 am Beijing time.

XPeng didn't mention the model's name, though it's apparently the G6, an SUV that will compete with the Model Y.

The company began warming up for the G6 earlier this month, releasing several images of the model's exterior.

On March 17, XPeng management said during the company's four-quarter earnings call that the G6, a new energy SUV in the price range of 200,000 yuan ($29,210) 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.

XPeng's monthly sales target for the G6 is 2-3 times that of the P7, Mr. He said during the call.

The G6 will have a significantly improved range that will exceed expectations, and will have much more interior space than similar offerings from competitors, he said.

($1 = RMB 6.8461)

XPeng starts warming up for G6, releases official 'spy shot'

The post XPeng to unveil next-gen vehicle technology architecture on Apr 16 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

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