XPeng announced on Friday that it will open test drives for its revamped P7 sedan in China this Monday (August 25) with the official launch event planned for later in the week.
Pre-orders for the model, which XPeng expects to rank among the top three best-selling fully electric sedans priced under 300,000 yuan ($41,800), opened last week.
Earlier this week, founder and CEO He Xiaopeng announced that the refreshed P7 has achieved record pre-order numbers, the highest of any model since the company was founded 11 years ago.
Full pricing details and specs will only be revealed at the official launch event next week.
Although the company has not yet revealed the date of the launch, local media outlet ITHome reported on Friday that it will take place on August 27.
The revamped sedan introduces smart driving capabilities and features the largest (87-inch) augmented reality head-up display (AR HUD) in the company’s lineup.
The sedan now comes standard with an 800V high-voltage electrical architecture and a 5C ultra-fast charging battery capable of delivering 525 km of range in 10 minutes.
Maximum range has been extended to 820 km under the Chinese CLTC testing cycle, with energy efficiency of 12 kWh per 100 km.
It delivers 0–100 km/h acceleration in about 3 seconds and a top speed of 230 km/h.
All variants are equipped with the brand’s Turing AI driving system — introduced in the G7 SUV for the first time — and triple AI chips with a combined 2,250 TOPS of processing power — the highest publicly claimed among mass-market EVs globally.
The refreshed version of the P7 — a sedan that was first launched in 2020, two years after the brand’s inception — was unveiled earlier this month.
It secured over 10,000 pre-orders in under seven minutes. However, the brand did not reveal the number of pre-orders it received since then.
The company reported its second quarter financial earnings on Tuesday, posting a record margin and lower losses.
On Thursday, XPeng‘s US-listed shares jumped to a new 5-month high and closed 12.5% higher at $22.92.
The surge followed several Wall Street analysts raising their price targets on the company, after the quarterly results and the report that He Xiaopeng increased its stake in the automaker.
He now holds 18.9% of XPeng.
