Chinese automaker Xpeng had a rough year in 2022. The company’s sales failed to meet expectations and its share price plummeted by 81.34%. However, Chairman and CEO, He Xiaopeng, recently sent a letter to its employees promising to end the bad course. It seems that Xiaopeng is determined to keep that promise. Chinese electric vehicle startup launched its P7 sedan and G9 Sports SUV in Europe. Here are the details…
Xpeng launches flagship EVs in Europe in international push
Xpeng, has launched its P7 sedan and G9 sports SUV in Denmark, Norway, the Netherlands, and Sweden, as part of its international expansion efforts. The P7 sedan is priced lower than Tesla’s Model 3 Long Range in the four countries. It has starting price of 49,990 euros ($54,917) for a range of 576 kilometers on a single charge.
The G9 SUV is priced higher than Tesla’s Model Y Long Range, with a range of 570 kilometers on a single charge and a starting price of 57,990 euros in the Netherlands. Xpeng faces tuff competition in Europe, not just from Tesla but also from other Chinese automakers and European giants like Volkswagen.
However, Xpeng isn’t the only Chinese manufacturer on the market.Chinese rival Nio has already started deliveries in Norway. Xpeng has accelerated its international push in recent years, with physical stores in Europe and the launch of its mass-market P5 sedan. However, supply chain issues have suspended the start of sales for the P5.
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