XPeng Announces Price Range for P5 New Smart EV Sedan

Rhea-AI Summary

XPeng Inc. (NYSE: XPEV) launched the presale of its P5 smart sedan on July 17, with a price range of RMB 160,000 to RMB 230,000. The P5, equipped with advanced LiDAR technology, offers six versions and is designed to enhance autonomous driving features with XPILOT 3.5. The model aims to enrich XPeng's product line and redefine driving experiences through a multi-functional digital cockpit. Consumer response has been enthusiastic, particularly for LiDAR-equipped versions, with official deliveries expected in Q4 2021.

Positive

• P5 presale price set between RMB 160,000 - 230,000, post subsidies.
• Strong preorders, particularly for LiDAR-equipped versions.
• First mass-produced LiDAR-equipped smart car, enhancing competitive edge.
• XPILOT 3.5 features expand navigation capabilities to urban environments.

Negative

• Potential risks associated with introducing multiple new vehicle versions simultaneously.

XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV, HKEX: 9868.HK), a leading Chinese smart electric vehicle company, announced on July 17 the presale price range of RMB160,000 – 230,000, post subsidies, for its P5 smart sedan at the 2021 Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show.

Henry Xia, Co-founder & President, XPeng Inc. (Photo: Business Wire)

XPeng’s latest achievement in intelligent mobility, the P5 will be made available for the Chinese market in six versions - 460G, 460E, 550G, 550E, 550P and 600P.

Commencing on July 17, the P5’s presale has already received enthusiastic responses from consumers in China, with LiDAR-equipped versions comprising the majority of orders so far. The P5 will officially launch in China in the third quarter of 2021 with deliveries starting in the fourth quarter of 2021.

“Popularizing smart EVs and shaping the mobility experience of the future has been always our goal. The P5 will further enrich our product offering, and will redefine our driving experience by integrating everyday living situations with the digital cockpit, transforming the vehicle into a multi-function living space,” said Henry Xia, Co-founder and President of XPeng.

XPeng’s third new production model, and the world’s first mass-produced LiDAR-equipped smart car, the P5 will offer the most sophisticated autonomous driving features powered by XPeng’s in-house developed XPILOT 3.5 autonomous driving assistance system, expanding the Navigation Guided Pilot features from highways and expressways to urban roads, traffic intersections and other complex city driving scenarios.

The P5’s rich infotainment ecosystem, supported by XPeng’s latest Xmart 3.0 in-car operating system, will transform its commodious in-car space to elevate user interactivity to a new level, making the vehicle fit for lifestyle uses such as cinema, lounge, sleeping and gaming modes.

The XPeng P5 will be available in six configurations, the 460G, 460E, 550G, 550E, 550P, and 600P versions, using XPeng’s new naming scheme, where the number represents the configuration’s NEDC range, and the letter P/E/N/G indicates the level of XPILOT functionality.

The P versions are equipped with XPILOT 3.5 hardware, while the E versions are equipped with XPILOT 3.0 hardware.

XPILOT 3.5 hardware system specs:	XPILOT 3.0 hardware system specs:
- 5 millimeter-wave radars - 12 ultrasonic sensors - 13 high-definition autonomous driving assist cameras - 1 sub-meter-range high-precision positioning unit - 2 LiDAR units	- 5 millimeter-wave radars - 12 ultrasonic sensors - 13 autonomous driving assist cameras - 1 sub-meter-range high-precision positioning unit

The E version and P version are both equipped with XPILOT 2.5 software as standard, which can be upgraded via FOTA upgrade, by purchasing XPILOT software services, to the corresponding hardware system.

XPeng P5 specs

Version		460G	460E	550G	550E	550P	600P
NEDC Range		460km	460km	550km	550km	550km	600km
XPILOT Advanced Driving Assistance System	Hardware System Version		XPILOT 3.0①		XPILOT 3.0①	XPILOT 3.5（Dual LiDAR Units）②	XPILOT 3.5（Dual LiDAR Units）②
	XPILOT 2.5 Autonomous Driving Assistance System		●		●	●	●
	Xavier Supercomputing platform		●		●	●	●
	Sub-meter High-precision Positioning System		●		●	●	●
Xmart OS 3.0 In-car Intelligent Operating System	Gen3 Snapdragon Automotive Cockpit Platforms (SA8155P processor)	●	●	●	●	●	●
	15.6-inch Touch Screen	●	●	●	●	●	●
	Full-Scenario Voice Assistant	●	●	●	●	●	●
Exterior Specs	1.493㎡Panoramic Glass Roof	●	●	●	●	●	●
	Concealed Electric Door Handle	●	●	●	●	●	●
	X-shaped 3.0 LED Front Lights		●		●	●	●
	Intelligent Exterior LED Lights		●		●	●	●
Interior Specs	XPeng Advanced Surround Sound System	●	●	●	●	●	●
	6-way Power-Adjustable Driver Seat	●	●	●	●	●	●
	Heat Pump Air-Conditioning System	●	●	●	●	●	●
	Smart Sleeping Cockpit / Sleeping Kit, Premium Fragrance, Nappa Leather Seats, 8 Speakers						●

The alphabetical numbers in the version name represent the NEDC range; P/E/N/G represents the XPILOT intelligence level.

① XPILOT 3.0 software and upgrade services need to be purchased separately.
② XPILOT 3.5 software and upgrade services need to be purchased separately.

For Xpeng P5 images:
https://drive.google.com/drive/u/0/folders/1bzVbN4H03ZD-_LQpKbSaXtIQccUChFk9

Photo & video library:
https://drive.google.com/drive/u/0/folders/1J1y5iwgvO-MSldQYawKjTwh0QjMQJokQ

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About XPeng Inc.
XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. XPeng is headquartered in Guangzhou, China, with offices in Beijing, Shanghai, Silicon Valley and San Diego. The Company’s Smart EVs are manufactured at its plant in Zhaoqing, located in Guangdong province. For more information, please visit https://en.xiaopeng.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210719005506/en/

FAQ

What is the presale price range for XPeng's P5 smart sedan?

The presale price range for XPeng's P5 smart sedan is RMB 160,000 to RMB 230,000, post subsidies.

When will XPeng officially launch the P5 smart sedan?

XPeng plans to officially launch the P5 smart sedan in China in the third quarter of 2021.

What autonomous driving features does the XPeng P5 offer?

The XPeng P5 offers advanced autonomous driving features powered by the XPILOT 3.5 system, capable of navigating urban environments.

How has consumer response been to the XPeng P5 presale?

Consumer response to the XPeng P5 presale has been enthusiastic, with a significant number of preorders for LiDAR-equipped versions.

What are the different versions available for the XPeng P5?

The XPeng P5 is available in six versions: 460G, 460E, 550G, 550E, 550P, and 600P.