Xpeng reported revenue of RMB 10.1 billion in the third quarter, with a record gross margin of 15.3 percent, beating analysts' expectations.
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Category: XPeng
Li Auto had 12,300 insurance registrations last week, Xpeng 6,300, Zeekr 6,000, Leapmotor 8,500 and Aito 7,200.
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Xpeng has learned from its previous experience and is hoping to capitalize on early orders for the P7+ with a more streamlined choice of variants and faster deliveries.
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Volkswagen Anhui will use the CEA architecture, a collaboration with Xpeng, for future models due to poor sales of the ID.UNYX, which went on sale in July, according to local media.
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Xpeng claims that the P7+ uses the world’s thinnest battery pack – 109 mm thick.
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Deutsche Bank said the Xpeng P7+ is competitively priced and is longer, taller and has a larger wheelbase compared to its class rivals.
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The P7+ received 31,528 firm orders three hours after launch, breaking records for all other models in Xpeng's history, the company said.
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The P7+ starts at RMB 186,800 ($26,100), 11 percent below the pre-sale price. It received more than 10,000 firm orders in the first 12 minutes.
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The Xpeng P7+ launches in China 6,300 USD cheaper than the Tesla Model 3. It offers advanced AI tech and up to 725 km range.
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