The electric vehicle maker XPeng is making a discount of 5,000 – 10,000 yuan ($740 – $1481) for all its models in China due to the surge in production capacity and insufficient order reserves, local media Zhev reports. In an interview with the local media, XPeng Motors’ PR Department answered “I don’t want you to follow”. The price reductions are scheduled to last until the last day of the month.
As of June 30, 2022, year-to-date total deliveries reached 68,983 units, representing a 124% increase year-over-year and June deliveries consisted of 8,045 P7s, 5,598 units of P5 model, and 1,652 G3i and G3 SUVs.
In the official XPeng application, a client wrote “I just picked up the car 10 days ago and the price was reduced by 10,000 yuan immediately after the pick-up. The customer service said that there is no way to trace it back. Who can stand it? Let’s not talk about whether the car is good or bad for the time being, that’s the sales model and means. Can the sales be good?”
The company is reportedly preparing to release a new version of its sedan P7 by mid-2023 and the first pictures were exposed on the internet suggesting some interior and exterior changes.
In late March, XPeng’s CEO He Xiaopeng showed his confidence in XPILOT 4.0 Version saying it “will boast a clear next-generation leap against other mass-produced advanced driver assistance systems. Simply put, under the premise of offering superior safety, the XPILOT 4.0 will feature a more comprehensive set of use scenarios, even wider geographical coverage, and a better Q1 vehicle interface and in-vehicle experience for both drivers and passengers.”
The new XPeng P7 will feature a multi-function steering wheel similar to the G9 which adopts the design of metal buttons and rollers reducing the probability of accidental touch. The model is expected to be built on the 800V high-voltage SiC platform and will be able to add over 200kms in only 5 minutes.
Earlier this month, the EV maker announced that delivered 15,295 vehicles in June 2022, representing a 133% increase year-over-year. The EV maker delivered a total of 34,422 units delivered in Q2 2022, a 98% from Q2 2021.