Category: XPeng

XPeng delivers 7,079 vehicles in Apr, largely flat from Mar

The P7i, which was launched in March, continues to gather strong order momentum and the company is significantly ramping up production, which will accelerate customer deliveries in the near future, XPeng said.  |  XPeng US | XPeng HK

XPeng's (NYSE: XPEV) deliveries in April were essentially flat compared with March, as the company appears to be on the cusp of emerging from a mire of weak sales.

The Chinese electric vehicle (EV) maker delivered 7,079 vehicles in April, down 21.36 percent from 9,002 a year ago but up 1.1 percent from 7,002 in March, according to data released today.

This is the third consecutive month-on-month gain in monthly XPeng deliveries, after about a year of weak sales.

XPeng did not provide model-specific breakdown figures for the models it currently sells, which include the flagship SUV G9, flagship sedan P7i, older P7, P5 and G3i.

The P7i sports sedan, launched in March, continues to gather strong order momentum, XPeng said, adding that the company is significantly ramping up production, which will accelerate customer deliveries of the P7i in the near future.

XPeng unveiled the new SUV G6 on April 18, the first day of the Shanghai auto show, which is based on the 800 V high-voltage platform and can get 300 kilometers of range in as little as 10 minutes on a charge.

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

The company's management previously said 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.

The G6's debut at Shanghai auto show generated remarkable enthusiasm among visitors, making XPeng's booth one of the most popular at the event, the company said today.

The model is scheduled to be officially launched at the end of the second quarter with deliveries immediately following, XPeng said, repeating its previous plans.

On April 16, XPeng unveiled its next-generation vehicle technology architecture, SEPA (Smart Electric Platform Architecture) 2.0, on which the G6 is the first model to be based.

This architecture will shorten the development cycle of future models by 20 percent and optimize development efficiency significantly. 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, it said at the time.

In April, the XPeng G9 received a third-class road test license in Guangzhou for passenger-carrying autonomous driving tests, XPeng said today.

The company expects to expand the G9's tests to all customers in Guangzhou's Huangpu district in the second half of the year, giving more customers access to new mobility experiences, it said.

XPeng G6 debuts at Shanghai auto show

The post XPeng delivers 7,079 vehicles in Apr, largely flat from Mar appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Insurance registrations for week ending Apr 23: Tesla 10,300, Li Auto 7,200, NIO 2,000

NIO sold 2,000 units last week, up from 700 the week before and 1,316 in the first week of April.

(NASDAQ: LI) maintained strong sales last week, and NIO (NYSE: NIO) saw a significant rebound, the latest data show.

With 7,200 units sold in the week ending April 23, Li Auto far outpaced other new car-making brands, the automaker said today on Weibo.

With deliveries of the Air versions of the Li L8 and Li L7, Li Auto's weekly sales hit another record high, it said.

Li Auto didn't specify what statistic that sales figure was based on, though apparently, it was insurance registrations. Previously, we had access to those numbers every Tuesday, and Li Auto's practice was to share some of them on Wednesdays.

The main third-party agencies and Weibo bloggers that provide data on auto insurance registrations in China stopped sharing the data this month, but Li Auto continues to share some of it.

This is the first time Li Auto has shared those numbers on a Tuesday, though they weren't taken down to single digits.

(NASDAQ: TSLA) sold 10,300 units last week, according to the table shared by Li Auto. That was down from 12,500 units the week before and up from 6,973 units in the first week of April.

NIO sold 2,000 units last week, up from 700 the week before and 1,316 in the first week of April.

(NYSE: XPEV) sold 1,900 units last week, up from 1,300 units and 904 units in the previous two weeks.

sold 2,100 units last week, up from 1,600 units the previous week and 1,476 units in the first week of April.

Among luxury brands, Mercedes-Benz, BMW and Audi had the highest sales last week with 15,800, 15,600 and 14,800 respectively, according to data shared by Li Auto.

Insurance registrations for week ending Apr 16: Tesla 12,500, Li Auto 6,300, NIO 700

The post Insurance registrations for week ending Apr 23: Tesla 10,300, Li Auto 7,200, NIO 2,000 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Insurance registrations for week ending Apr 16: Tesla 12,500, Li Auto 6,300, NIO 700

NIO's weak performance may be because it is on the eve of multiple product switches, as it will begin deliveries of the new ET7, new ES6, EC7 in May and will begin deliveries of the new ES8 in June.

(NASDAQ: TSLA) and (NASDAQ: LI) kept sales strong last week, while NIO (NYSE: NIO) was weak, the latest data show.

Li Auto sold 6,300 units in the week of April 10 to April 16, far outpacing China's other new car-making brands, the automaker said in an April 19 post to its WeChat account.

Li Auto didn't say what the sales figure was based on, but it was apparently insurance registrations. Previously, we had access to the data every Tuesday, and Li Auto's practice was to share some of it on Wednesdays.

The main source that provides data on auto insurance registrations in China stopped sharing that data this month, but Li Auto continues to share some of it.

Tesla sold 12,500 units last week, according to the data table shared by Li Auto. Tesla's sales in the previous week were 6,973, according to data previously shared by Li Auto.

NIO sold about 700 units last week, according to the data. The electric vehicle maker sold 1,316 units in the previous week.

NIO's weak performance may be because it is on the eve of multiple product switches. It launched the new ET7 and unveiled the new ES6 on the first day of the Shanghai auto show on April 18, with deliveries both set to begin in May.

In addition to the new ET7 and the new ES6, NIO will also start delivering the EC7 coupe SUV in May and will start delivering the new ES8 in June, according to plans it previously annouced.

sold 1,300 units last week, up from 904 units the week before, according to data shared by Li Auto. XPeng unveiled the new SUV G6 on the first day of the Shanghai auto show on April 18, but pricing information is unknown.

sold 1,600 units last week, up from 1,476 the week before. Leapmotor sold 1,700 units last week, up from 1,157 the week before. Neta sold 1,800 units last week, up from 1,526 the week before.

Among premium brands, BMW sold 14,500 cars last week including internal combustion engine vehicles as well as NEVs, Mercedes-Benz 13,400 and Audi 12,600, according to data shared by Li Auto.

Separately, retail sales of NEVs in China from April 1-16 were 223,000 units, up 89 percent year-on-year and up 13 percent from the same period last month, according to data released yesterday by the China Passenger Car Association (CPCA).

Considering that NEV retail sales were 91,000 from April 1 to April 9, this means that during the week of April 10 to April 16, NEV retail sales in China were 132,000 units, up 45 percent from the previous week.

From April 10-16, retail sales of all passenger vehicles in China were 335,328 units, up 80 percent year-on-year and up 23 percent from the same period last month, according to the CPCA.

Insurance registrations for week ending Apr 9: Tesla 6,973, Li Auto 4,177, NIO 1,316

The post Insurance registrations for week ending Apr 16: Tesla 12,500, Li Auto 6,300, NIO 700 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 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.

Shanghai auto show: Deutsche Bank’s preview

While auto shows have generally started to lose some significance as automakers turn to dedicated launch events, this year's Shanghai auto show could be an exception, said Deutsche Bank analyst Edison Yu's team.

(A file photo taken by CnEVPost at the Shanghai auto show two years ago shows an ET7 wrapped in a blanket.)

The Shanghai auto show will begin in less than 10 hours, and it will be interesting to know what analysts expect from the event.

"While auto shows have generally started to lose some significance as OEMs shifted to dedicated launch events, this year's Shanghai Auto Show (starts officially tomorrow) could be an exception," Deutsche Bank analyst Edison Yu's team said in a research note sent to investors today.

Most notably, this will be the first auto show since Covid reopened, bringing together many executives and industry observers from overseas for the first time in years, the team said.

Product cycles for electric vehicles are significantly faster compared to internal combustion engine vehicles, as automakers struggle to maintain customer attention and loyalty, meaning many of the vehicles unveiled at the show will begin delivery in short order, the team noted.

NIO (NYSE: NIO), (NYSE: XPEV) and (NASDAQ: LI) all have new announcements coming this week, with NIO set to officially unveil its new ES6, historically its best-selling SUV, Yu's team wrote.

NIO's sales have been sluggish in recent months due to customer expectations of a platform changeover, so the new ES6 will be a very important product, with deliveries likely to begin in June, the team said.

In addition to the new ES6, NIO will also unveil the new ET7 at the Shanghai auto show, the flagship sedan whose sales in the past few months have been well below its performance in the second half of last year.

The updated version of the NIO ET7 will feature some improvements to its interior and deliveries are expected to begin in a few months, Yu's team said.

For XPeng, it will unveil its G6 SUV at the show, which Yu's team believes is the most important model for the company's ambition to reignite volume growth.

"Pricing details will likely not be finalized though as management gauges the initial consumer response. Deliveries are set to begin in June," the team wrote.

Li Auto will launch its dual-energy strategy by unveiling its all-electric solution tomorrow.

The company's first BEV will be a premium MPV and production is expected to begin by the end of this year, Yu's team noted.

Li Auto management recently said it plans to spend RMB 10 billion yuan to build 3,000 supercharging stations by 2025, and further details of this roadmap are to be expected, the team said.

In addition to these three Chinese upstarts, traditional Chinese OEMs have been very active over the past year, the team said.

So far, GAC and have been the most consistent in terms of volume, according to the team.

Zeekr plans to bring the recently launched Zeekr X compact SUV to Europe along with the Zeekr 001 shooting brake model, and more details on the European strategy will be provided this week.

Also, BYD has been quite active, showing off its new Yangwang U9 electric supercar with the new DiSus-X body control system last week.

This week, BYD will unveil the Song L BEV and also begin taking pre-orders for the U8, a premium off-road SUV.

" The company is clearly trying to move upmarket by establishing bold 'halo' vehicles for its new brand," Yu's team wrote.

BYD also announced that the Dolphin and Seal BEVs will be available in Europe later this year. Both models will be smaller and cheaper and should compete more effectively in the low end of mass market, the team said.

In addition to local Chinese carmakers, global OEMs are also showing off new products, and upcoming new models will include the Polestar 4, Smart #3, Lexus LM and Maybach SUV BEV, the team noted.

Shanghai auto show: Full schedule of 150 press conferences for exhibitors

The post Shanghai auto show: Deutsche Bank's preview appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Shanghai auto show: Deutsche Bank’s preview

While auto shows have generally started to lose some significance as automakers turn to dedicated launch events, this year's Shanghai auto show could be an exception, said Deutsche Bank analyst Edison Yu's team.

(A file photo taken by CnEVPost at the Shanghai auto show two years ago shows an ET7 wrapped in a blanket.)

The Shanghai auto show will begin in less than 10 hours, and it will be interesting to know what analysts expect from the event.

"While auto shows have generally started to lose some significance as OEMs shifted to dedicated launch events, this year's Shanghai Auto Show (starts officially tomorrow) could be an exception," Deutsche Bank analyst Edison Yu's team said in a research note sent to investors today.

Most notably, this will be the first auto show since Covid reopened, bringing together many executives and industry observers from overseas for the first time in years, the team said.

Product cycles for electric vehicles are significantly faster compared to internal combustion engine vehicles, as automakers struggle to maintain customer attention and loyalty, meaning many of the vehicles unveiled at the show will begin delivery in short order, the team noted.

NIO (NYSE: NIO), (NYSE: XPEV) and (NASDAQ: LI) all have new announcements coming this week, with NIO set to officially unveil its new ES6, historically its best-selling SUV, Yu's team wrote.

NIO's sales have been sluggish in recent months due to customer expectations of a platform changeover, so the new ES6 will be a very important product, with deliveries likely to begin in June, the team said.

In addition to the new ES6, NIO will also unveil the new ET7 at the Shanghai auto show, the flagship sedan whose sales in the past few months have been well below its performance in the second half of last year.

The updated version of the NIO ET7 will feature some improvements to its interior and deliveries are expected to begin in a few months, Yu's team said.

For XPeng, it will unveil its G6 SUV at the show, which Yu's team believes is the most important model for the company's ambition to reignite volume growth.

"Pricing details will likely not be finalized though as management gauges the initial consumer response. Deliveries are set to begin in June," the team wrote.

Li Auto will launch its dual-energy strategy by unveiling its all-electric solution tomorrow.

The company's first BEV will be a premium MPV and production is expected to begin by the end of this year, Yu's team noted.

Li Auto management recently said it plans to spend RMB 10 billion yuan to build 3,000 supercharging stations by 2025, and further details of this roadmap are to be expected, the team said.

In addition to these three Chinese upstarts, traditional Chinese OEMs have been very active over the past year, the team said.

So far, GAC and have been the most consistent in terms of volume, according to the team.

Zeekr plans to bring the recently launched Zeekr X compact SUV to Europe along with the Zeekr 001 shooting brake model, and more details on the European strategy will be provided this week.

Also, BYD has been quite active, showing off its new Yangwang U9 electric supercar with the new DiSus-X body control system last week.

This week, BYD will unveil the Song L BEV and also begin taking pre-orders for the U8, a premium off-road SUV.

" The company is clearly trying to move upmarket by establishing bold 'halo' vehicles for its new brand," Yu's team wrote.

BYD also announced that the Dolphin and Seal BEVs will be available in Europe later this year. Both models will be smaller and cheaper and should compete more effectively in the low end of mass market, the team said.

In addition to local Chinese carmakers, global OEMs are also showing off new products, and upcoming new models will include the Polestar 4, Smart #3, Lexus LM and Maybach SUV BEV, the team noted.

Shanghai auto show: Full schedule of 150 press conferences for exhibitors

The post Shanghai auto show: Deutsche Bank's preview appeared first on CnEVPost.

For more articles, please visit CnEVPost.

XPeng unveils new vehicle platform that promises faster model rollouts and greater cost savings

The G6 will be the first new model built on SEPA 2.0, and XPeng will soon launch 10 new models based on the new platform with greater cost savings.  |  XPeng US XPeng HK

XPeng (NYSE: XPEV) has unveiled its next-generation vehicle technology architecture, which it hopes will help it stay relevant in an increasingly competitive market.

The electric vehicle (EV) maker unveiled the architecture, called SEPA (Smart Electric Platform Architecture) 2.0, at a launch event in Shanghai today, saying that the new SUV G6, which will be unveiled on the first day of the Shanghai auto show on April 18, will be the first new model to be built on SEPA 2.0.

The Shanghai auto show will be held at the National Exhibition and Convention Center from April 18-27, with media days from April 18-19, professional visitor days from April 20-21, and general public admission from April 22-27.

SEPA 2.0 brings more advanced architectural solutions to support XPeng's full-stack in-house development from autonomous driving software to vehicle engineering, the company said.

The architecture will shorten the R&D cycle of future models by 20 percent and optimize development efficiency significantly. 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, it said.

SEPA 2.0 is adaptable and flexible for multiple vehicle platforms with wheelbases between 1,800 mm and 3,200 mm and can be expanded to support a wide range of vehicle types, including sedan, coupe, hatchback, wagon, SUV, MPV and pickup truck.

"We envision that this evolutionary intelligent architecture will lead smart EV technology development for the next three years. It will make rapid advancements in technology available for our customers as standard, with faster software upgrades, stunning cost savings and elevated product experience," said XPeng chairman and CEO, He Xiaopeng.

Mr. He believes that reaching 3 million units in annual sales is the foundation for an electric vehicle company to stay in the game, while cost control, efficient R&D, and high-end experience are necessary for survival and will be the basis for globalization efforts.

Over the past five years, XPeng has invested more than RMB 10 billion ($1.46 billion) in R&D on vehicle architecture, Mr. He said, adding that based on a better platform, XPeng will soon launch 10 new models with greater cost savings.

Technical details of new platform

SEPA 2.0 will accelerate the inclusion of XPeng's smart technologies including XNGP Advanced Driver Assistance System (ADAS), Xmart OS in-car operating system, and X-EEA electrical and electronic architecture, the company said.

With the SEPA 2.0 architecture, the overall R&D efficiency of XPeng's in-house developed full-scenario ADAS solution XNGP will be increased by 30 percent and the cost of ADAS software model adaptation will be reduced by 70 percent, according to Mr. He.

XNGP is the ultimate form of driver assistance, and all of XPeng's future models in the Chinese market will be equipped with it as standard, according to Mr. He.

Backed by its autonomous driving supercomputing center, XNGP will continue to evolve and upgrade its assisted driving skills with the goal of taking over less than once per 1,000 kilometers for highway scenarios by 2023 and less than once per 100 kilometers for urban scenarios by 2025.

Based on the SEPA 2.0 R&D platform, Xmart OS software adaptation cost will be reduced by 85 percent, voice software development cycle will be reduced by 50 percent, and voice assistant service cost will be reduced by 50 percent, according to XPeng.

Xmart OS leverages a multi-sensor software and hardware platform to enhance and transform control and driver-vehicle interaction. Powered by artificial intelligence, supercomputers and underlying models, Xmart OS can make intelligent decisions to optimize control of cabin functions, the company said.

XPeng's X-EEA electrical and electronic architecture allows for 50 percent optimization of overall vehicle development costs, a 30 percent reduction in software iteration cycles and a 300 percent increase in OTA update speed, it said.

The company's architecture-based solutions improve charging efficiency, which includes an 800-volt high-voltage silicon carbide (SiC) platform that allows batteries to be charged 50 percent faster than the previous generation.

XPeng's latest platform uses a standard 3C battery configuration with a battery that adds 130 kilometers of vehicle range in five minutes and can be charged faster at its S4 supercharger facility, adding 200 kilometers of range in five minutes, according to the company.

The company's in-house developed XPower 800-volt high-voltage oil-cooled flat-wire silicon carbide integrated powertrain system increases maximum powertrain efficiency to 97.5 percent and overall powertrain efficiency to 92 percent, it said.

The X-HP smart thermal management system provides an intelligent, systematic energy-saving solution that increases range by 15 percent in cold conditions. It also improves battery cooling performance by 100 percent, resulting in a 90 percent increase in charging power.

XPeng will use integrated aluminum die-casting technology on the SEPA 2.0 architecture to deliver more stable handling and better driving performance.

The integrated die-cast body gives 83 percent more torsional rigidity than a conventional body, while the body weight is 17 percent less than a conventional body, further improving range.

The architecture also includes CIB (Cell Integrated Body) technology, which allows the battery pack to be integrated into the body, not only increasing vertical space, but also improving battery safety, according to XPeng.

The CIB battery pack features an 80-ton side-impact resistant design and an IP68 water and dust resistant design that meets the highest safety standards in three major markets: China, North America and Europe, it said.

XPeng's chassis platform will be compatible with a wide range of suspension systems, providing superior mechanical quality and excellent handling performance, it said.

XPeng aims to have an intelligent manufacturing system in place by 2025, including the Zhaoqing plant, the Guangzhou base and several future projects, with all manufacturing facilities integrated with SEPA 2.0 through technology upgrades.

First model based on SEPA 2.0 coming soon

The first new model based on the SEPA 2.0, the XPeng G6 coupe SUV, will be unveiled at the Shanghai auto show on April 18, the company said. XPeng's previous announcement showed it would hold a launch event on April 18 from 9:40-10:00 am

XPeng did not reveal more information about the G6 today, although information about the specifications of the SEPA 2.0 platform suggests that the model will be based on the 800 V platform and will be more cost-efficient.

On March 17, XPeng management said during the company's Q4 earnings call that 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's monthly sales target for the G6 is two to three times that of the P7, Mr. He said during that 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 upcoming G6 will be the swing factor that the model will need to succeed in order to make XPeng truly relevant in the market again.

XPeng will likely price the G6 similarly to the Model Y, hoping to attract consumers with its sleeker design and updated interior, the team said.

With increased G6 production, XPeng management believes total monthly deliveries could reach 15,000 units at some point in the third quarter, the team noted.

"This seems achievable and we model XPeng reaching this level in Sep," Yu's team previously wrote.

($1 = RMB 6.8714)

G6 will be swing factor for XPeng, says Deutsche Bank

The post XPeng unveils new vehicle platform that promises faster model rollouts and greater cost savings appeared first on CnEVPost.

For more articles, please visit CnEVPost.

driive.com
All about Smart and Sustainable Mobility

Archives

May 2024
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031