Xpeng News
The Chinese company’s aviation-focused arm is targeting a price of less than $300,000 for the Land Aircraft Carrier including the eVTOL. The company says it has taken 3,000 orders.
The EREV technology, which Xpeng calls Super Electric, adds an internal combustion engine to an electric drivetrain, resulting in a combined range of 1,400 km, of which 430 km is battery-only.
The U.K. has not adopted the European Union’s additional tariffs on Chinese electric vehicles, making it an attractive destination for brands such as Xpeng.
Two new EV models helped Xpeng post a 268% sales gain, dethroning Li Auto as China’s largest electrified vehicle startup in January.
The automakers plan to share their fast-charging networks, which include more than 20,000 sites in 420 cities.
Meeting the goal Xpeng first set in 2023 could make it the first Chinese automaker to turn profitable mainly on EV sales. Rivals BYD and Li Auto are profitable but they rely on hybrids for the majority of all vehicle sales.
The company’s gross margin was 15.3 percent, the highest quarterly figure since it listed in the U.S. in 2020.
Following Li Auto, which mainly sells extended-range EVs, Xpeng and other Chinese automakers are embracing the technology, which uses fewer batteries that account for a significant part of the cost of an EV.
Renault, Stellantis partner Leapmotor and China's Xpeng showcase how they are tackling high battery costs without hurting performance and range.
The car's fastback design is sleeker than its sibling, the P7 sedan, which is already on sale in Europe.
