Category: XPeng

China NEV insurance registrations for week ending Mar 12: BYD 37,141, Tesla 17,032, NIO 2,170

BYD / China / Deliveries / Electric / eMobility / eV / EV Data / Insurance Registrations / Li Auto / Neta / Nio / Tesla / Weekly Data / XPeng
March 14, 2023

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Tesla's insurance registrations last week in China were higher than the previous week's 13,266, while NIO's were lower than the previous week's 3,345.

BYD's new energy vehicles (NEVs) saw 37,141 insurance registrations in China for the week ending March 12, lower than the previous week's 38,932, according to numbers shared today by auto blogger @一路向北BYD.

Tesla vehicles saw 17,032 insurance registrations in China last week, higher than the previous week's 13,266.

NIO was 2,170 last week, down from 3,345 the week before.

Li Auto registered 4,243 units last week, up from 3,222 units the previous week.

XPeng was 1,635 units last week, up from 1,421 units the week before.

BYD's premium brand Denza vehicles saw 1,853 insurance registrations last week, up from 1,808 the week before.

Zeekr was 1,043 units last week, down from 1,814 units the week before.

BMW's NEVs registered 1,486 insurance units in China last week, down from 1,663 units the week before.

The past week has seen a rare price war in China's auto industry involving not only NEV makers, but traditional internal combustion engine automakers as well.

Rumors surfaced last week that BMW dealers were offering a massive subsidy for the all-electric BMW i3 in China, and that consumers who pay full price for the car can even get the model for RMB 120,000 to 180,000, less than half the retail price.

BMW insiders denied this, but sources at BMW dealers said they are indeed offering discounts, and that these measures were only introduced this month, local media Cailian reported last week.

For the BMW i3 eDrive35 L, which currently has a guide price of RMB 353,900, the price after discounts is RMB 248,000, the report said, citing BMW dealership sources.

Consumers will also receive an additional RMB 6,000 subsidy if they trade in their vehicles, the source said.

The increasing number of car companies joining the price war has led to increased consumer wait-and-see sentiment to avoid seeing price reductions shortly after purchasing a car.

Li Auto has introduced a consumer purchase price protection benefit that covers all of the company's currently available models -- Li L7, Li L8, Li L9.

For consumers who purchase these models, if the prices drops within 90 days of their order, then Li Auto will refund the difference.

The policy, which is available to consumers when they purchase the Li L7, Li L8, and Li L9, is primarily intended to make clear to them that Li Auto will not drop the prices, local media outlet The Paper said earlier today, citing salespeople from the company.

China NEV insurance registrations for week ending Mar 5: BYD 38,932, Tesla 13,266, NIO 3,345

Weekly NEV insurance registrations in China in 2023

Wk	BYD	Tesla	NIO	XPeng	Li Auto	BMW	Zeekr	Neta	Leapmotor	NEV	NEV+ICE
03/06-03/12	37,141	17,032	2,170	1,635	4,243	1,486	1,043	988
02/27-03/05	38,932	13,266	3,345	1,421	3,222	1,663	1,814	4,109	515	116,238	345,340
02/20-02/26	39,473	10,705	3,357	1,685	5,387	1,792	1,855	2,152	401	111,983	331,238
02/13-02/19	37,026	5,913	3,174	1,463	4,238	2,271	1,443	1,038	329	100,408	303,101
02/06-02/12	31,417	6,963	3,045	1,396	4,062	682	547	1,170	NA	85,572	280,741
01/30-02/05	24,280	8,643	1,948	975	2,240	593	554	3,964	114	69,692	267,843
01/23-01/29	5,280	3,356	427	210	990	NA	89	NA	NA	17,945	92,600
01/16-01/22	24,708	7,496	3,008	1,068	4,903	NA	657	NA	NA	67,500	330,400
01/09-01/15	40,420	12,654	2,963	1,817	4,527	2,687	1,359	420	237	99,041	438,000
01/02-01/08	35,924	2,110	2,818	1,551	3,704	2,103	1,511	238	80	77,000	290,000

The post China NEV insurance registrations for week ending Mar 12: BYD 37,141, Tesla 17,032, NIO 2,170 appeared first on CnEVPost.

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Refreshed Xpeng P7i launched in China with 702km cruising range

Car Launch / China / Electric / Electric cars / eMobility / eV / XPeng / XPeng P7
March 10, 2023

Improved cruising range, LiDAR, and updated styling, China finally gets the refreshed P7.

The post Refreshed Xpeng P7i launched in China with 702km cruising range appeared first on CarNewsChina.com.

XPeng P7i officially launched in China with starting price higher than Tesla Model 3

China / Electric / eMobility / eV / Product Launch / XPeng / XPeng P7i
March 10, 2023

XPeng offers four versions of the P7i with a starting price of RMB 249,900, above the RMB 229,900 for the Tesla Model 3.

(Image credit: XPeng)

XPeng (NYSE: XPEV) today officially launched the P7i, a revamped version of its flagship sedan P7, in China in just four versions to avoid a repeat of the confusion caused by the flagship SUV G9's initial launch last September.

The company's WeChat post announcing the P7i's launch clearly lists the sedan's available variants and their corresponding prices, as well as the benefits the company is offering consumers.

The XPeng P7i is available in four versions -- 702 Pro, 702 Max, 610 Max Performance, and 610 Wing Edition -- with starting prices of RMB 249,900 ($35,890), RMB 269,900, RMB 289,900, and RMB 339,900, respectively.

This is higher than the Model 3 sedan's starting price of RMB 229,900 in China, although the Tesla model is only available in two versions in China, with the other version starting at RMB 329,900.

Consumers who reserve the XPeng P7i by April 30 will receive four years of free charging, up to 1,500 kWh per year, and they will also receive a free Dynaudio upgrade valued at RMB 6,000.

The model's show cars and vehicles for test drives are currently available at XPeng's experience centers, a tightly scheduled rhythm that differs from its previous approach.

The XPeng P7i will continue to be built on the regular 400 V platform, rather than the 800 V high-voltage platform used by the G9.

However, the P7i's maximum charging power has been increased from its predecessor's 90 kW to 175 kW, allowing it to charge from 10 percent to 80 percent in 29 minutes.

The Pro version of the XPeng P7i comes standard with one Nvidia Orin-X smart driving chip with 254 TOPS of computing power. The Max version of the model comes standard with two Orin-X chips as well as two LiDARs.

CnEVPost got an early look at the model at the end of January and learned from the event at the time that the P7i's LiDARs are set near the headlights as in the XPeng G9, and the supplier is RoboSense as in the G9.

The chip driving the in-car infotainment system in the XPeng P7i has been upgraded from the P7's Qualcomm Snapdragon 820A chip to the Snapdragon SA8155P.

The number in the model's name represents the CLTC range, which tops at 702 km.

The two versions of the XPeng P7i with a range of 702 kilometers are rear-drive single-motor, capable of accelerating from 0 to 100 kilometers per hour in 6.4 seconds. Its two versions with a range of 610 km are dual-motor four-wheel drive models and can accelerate from 0 to 100 km/h in 3.9 seconds.

For XPeng, the P7i will be the model that will be crucial to boosting sales.

The P7i's predecessor, the P7, was the XPeng's main seller for a long time, selling 59,066 units in 2022, contributing 49 percent of the XPeng's annual sales of 120,757 units, data monitored by CnEVPost show.

Notably, the XPeng P7i's launch comes at a delicate point in time, with Chinese car companies -- both internal combustion engine automakers and new energy vehicle (NEV) makers -- engaged in an unprecedented price war.

On January 6, Tesla sharply lowered the prices of all its China-made models in an attempt to boost demand for its electric vehicles in China, becoming the first automaker to publicly cut prices in the country.

On January 17, XPeng lowered the prices of all models except the G9, with the P7 receiving the largest price cut. After that, a number of other NEV makers also started to reduce prices or offer purchase discounts.

Prior to this month, it was mainly NEV makers that were openly offering price cuts and purchase incentives, but earlier this month, authorities in central China's Hubei province joined forces with a number of local car companies to offer subsidies, with some models offering subsidies of up to RMB 90,000.

BYD also announced yesterday that consumers who order the BYD Song Plus lineup from March 10 to March 31 will receive an RMB 6,800 discount, or RMB 8,800 for the Seal.

While these purchase offers appear to be temporary promotions by car companies, they reflect the overall pressure the Chinese auto industry is currently facing and are bound to allow the impact to be magnified as more brands participate.

($1 = RMB 6.9638)

Regulatory filing: Here's what XPeng G6 SUV looks like and core specs

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XPeng G6 electric fastback SUV unveiled in China with 487 hp

China / Electric / Electric cars / eMobility / eV / Report / XPeng / XPeng G6
March 9, 2023

The XPeng G6 was exposed by the Chinese MIIT in China. It has up to 487 hp. Let's get to know it better.

The post XPeng G6 electric fastback SUV unveiled in China with 487 hp appeared first on CarNewsChina.com.

Regulatory filing: Here’s what XPeng G6 SUV looks like and core specs

China / Electric / eMobility / eV / Regulatory Filing / XPeng / XPeng G6
March 9, 2023

Previous reports suggested that the new XPeng new SUV would start at RMB 200,000-250,000 and is expected to be unveiled at this year's Shanghai auto show.

XPEV.US | 9868.HK

The latest regulatory filings reveal XPeng's (NYSE: XPEV) new SUV, which is expected to be released in a few months, as the electric vehicle (EV) maker looks to accelerate its new product launches this year.

China's Ministry of Industry and Information Technology (MIIT) today announced the latest batch of models that will be allowed to be sold in China, and XPeng's new SUV, the G6, is included in the list.

The public can submit feedback on the list between March 9 and March 15. Entry into the catalog is the last major regulatory process before a model is allowed to be sold in China.

There are three versions of the XPeng G6 in the catalog, including two single-motor versions and one dual-motor version.

One of the two single-motor versions will be powered by a lithium iron phosphate battery pack, while the other single-motor version and the dual-motor version will both be powered by the more costly ternary lithium batteries.

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 these filing pages.

The model appears to be the one previously mentioned by XPeng management to compete with Tesla's (NASDAQ: TSLA) Model Y, which measures 4,750 mm in length, 1,921 mm in width, 1,624 mm in height and has a wheelbase of 2,890 mm.

Both single-motor versions of the XPeng G6 are equipped with a motor with 218 kW peak power, while the dual-motor version has an additional 140 kW peak power motor.

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

XPeng management said during an earnings call on August 23, 2022 that the company will release a B-segment vehicle in the first half of 2023 that will compete with the Tesla Model Y.

The model was previously seen as possibly being named the G7 or G5, although spy photos shared by some local media last month showed that it will be called the G6.

XPeng chairman and CEO He Xiaopeng said in a January 28 internal all-staff letter that the company will release two new models and revamp three existing older models in 2023, with a goal of delivering 200,000 vehicles for the year, according to a previous report by LatePost.

That report said at the time that the new XPeng SUV would start at RMB 200,000 ($28,680)-250,000 and was expected to be unveiled at this year's Shanghai auto show.

XPeng's current models on sale include the G3i, P5, P7 and G9, and the company has officially unveiled the P7i, a facelift of the P7, on March 6, but not the price. Earlier today, a media report said that XPeng may officially let the P7i go on sale and announce the price on March 10.

($1 = RMB 6.9711)