- Xpeng Inc (NYSE:XPEV) announced it will launch its third production model, the XPeng P5 smart family sedan, on 15 September.
- The model will be launched in the Chinese market, and the customer deliveries will start in October 2021.
- Pre-sale of P5 kicked off in mid-July at a price range from RMB160,000 to 230,000 post subsidies.
- Related: Tesla Received Far More Chinese Subsidies Than Homegrown Rival Nio In 2020
- P5 is the world’s first mass-produced LiDAR-equipped smart car.
- Xpeng’s August deliveries had slipped 10.3% month-over-month as production transition underway amid the planned September deliveries of its mid-cycle facelift version of G3 SUV impacted output. The company also sounded out the influence of supply chain disruptions.
- Price Action: XPEV shares are trading lower by 1.12% at $38.93 on the last check Friday.
- Photo by Company
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