There are six different versions of Xpeng's P5, the company's third production model, ranging from 160,000 yuan ($24,694) to 230,000 yuan.
Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng's third production model and features so-called Lidar technology.GUANGZHOU, China — Chinese electric carmaker Xpeng Inc. has priced its new P5 sedan as low as 160,000 yuan days after Tesla launched a cheaper version of its Model Y sports utility vehicle
The aggressive pricing from Xpeng comes as China's electric vehicle market continues to heat up with an increasing number of players.— was launched earlier this year. There are six different versions of the car with different features, and prices range from 160,000 yuan to 230,000 yuan. Xpeng's P7 sedan starts from 229,900 yuan after subsidies. Tesla's Model 3 starts from 250,900 yuan in China.
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