Xpeng is aggressively expanding into international markets. The Chinese electric vehicle start-up has launched his P7 sedan and his G9 SUV in Denmark, Norway, Holland and Sweden.
Zhang Peng | Light Rocket | Getty Images
XpengIt is a Chinese electric vehicle start-up.
The company, which is headquartered in Guangzhou in southern China, said the revamped P7 sedan and G9 sport utility vehicle (SUV) can be ordered in Denmark, Norway, the Netherlands and Sweden.
Related investment news
Xpeng President Brian Gu said in a press release that the launch “represents an important milestone” as the company builds its presence in Europe.
Xpeng tried to challenge Tesla But in China, it still lags far behind Elon Musk’s automaker when it comes to car deliveries. After a difficult year in China, where demand was sluggish, we are now looking to expand into international markets.
This could put Xpeng at odds with Tesla in these new markets.
Overall, Xpeng is pricing its P7 sedan below Tesla’s in Denmark, Norway, Holland and Sweden.
Xpeng says its P7 sedan has a range of 576 kilometers on a single charge and starts at €49,990 ($54,917) in the Netherlands. Claiming 602 kilometers on a single charge, Tesla’s Model 3 Long Range costs 52,990 in the Netherlands.
However, Xpeng’s G9 SUV is priced higher than its closest competitor, Tesla’s Model Y. Xpeng claims that his G9 can travel up to 570 kilometers on a single charge. Tesla’s Model Y Long Range can travel up to 533 km on a single charge. Xpeng has priced the G9 at €57,990 in the Netherlands, compared to €53,990 for Tesla’s Model Y Long Range, as an example of a price comparison.
Xpeng is not just Tesla, but other Chinese automakers and Volkswagenare betting their future on electric vehicles.
NioXpeng’s rival, China’s .
Xpeng has accelerated its international expansion over the past year after opening physical stores in Europe last year and launching the mass-market P5 sedan. Xpeng said last year that the P5’s launch was interrupted due to problems with its supply chain.
