Chinese language premium electric-vehicle (EV) maker Xpeng is planning to launch a mass market model very quickly, with the brand new entity geared toward taking the struggle to market chief BYD, the South China Morning Publish stories.
In line with Xpeng co-founder and CEO He Xiaopeng, fashions underneath the brand new model can be priced between 100,000 yuan (RM65,550) and 150,000 yuan (RM98,320) and cater to extra budget-conscious customers, marking a departure from the section the corporate is now taking part in in.
Revealing the plan in the course of the China EV 100 Discussion board in Beijing final weekend, He stated that the model will first introduce a compact EV at a value vary of between 100,000 and 150,000 yuan. “Sooner or later, vehicles with the identical costs may be developed into fully-autonomous autos,” he added.
The mannequin, which can come geared up with superior driver help techniques, can be geared toward international markets. No different particulars concerning the automotive or the model had been ventured, though a facet silhouette of a sedan was proven in one of many presentation slides. In line with CnEVPost, the brand new model, reportedly codenamed Mona, can be developed with the help of ride-hailing agency Didi World.
In the meantime, Xpeng confirmed He’s remarks and stated in a press release that the corporate envisions slashing the event and manufacturing prices of autonomous driving know-how by 50# this yr. At current, Xpeng – which is ready to enter Malaysia underneath Bermaz Auto – assembles fashions such because the P5, P7, P7i, G6, G9 and X9, all priced above 200,000 yuan (RM131,100).
The SCMP report provides that Xpeng’s announcement follows on the heels of Shanghai-based Nio’s determination to launch cheaper fashions after BYD started reducing the costs of almost all of its fashions in February to take care of its main place. Final week, Nio CEO William Li stated that the corporate will unveil particulars of its mass-market model Onvo in Could.
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