Category: XPeng G6

XPeng management previously said that the G6 will be officially launched and delivered by the end of the second quarter, with a price range of RMB 200,000 - 300,000.  |  XPeng US | XPeng HK

XPeng (NYSE: XPEV) has seen the first production vehicle of the G6 roll off the assembly line, as the new SUV gets closer to its official launch.

The development was revealed in a leaked image on Chinese social media of XPeng production line employees celebrating the moment, and XPeng has not released any official content about it.

On March 17, XPeng management said during the company's fourth-quarter earnings call that the G6 will be officially launched and delivered by the end of the second quarter, with a price range of 200,000 yuan ($28,450) to 300,000 yuan.

XPeng's monthly sales target for the G6 is two to three times that of the P7, the company's chairman and CEO He Xiaopeng said in the call.

XPeng gave several previews of the model in early April and unveiled the SUV's exterior ahead of its official debut.

On April 16, the electric vehicle (EV) maker unveiled a new architecture, called SEPA (Smart Electric Platform Architecture) 2.0, at a technology conference in Shanghai, saying the G6 would be the first model built on it.

XPeng officially unveiled the G6 on the first day of the Shanghai auto show on April 18, saying that the G6 is the ultimate form of car before full autonomous driving is achieved.

The model is based on the 800 V high-voltage platform and can get a 300-kilometer range in as little as 10 minutes on a charge, XPeng said at the time. The company's other 800 V-based model is the flagship G9 SUV.

XPeng did not release specific specs or pricing information for the G6, which they expect to know at a future official launch event.

The company appears to be ramping up production preparations for the G6 so that it can deliver it quickly after its official launch, as its local counterparts have proven that strategy to be effective in China's competitive EV market.

XPeng sees the Tesla Model Y as the G6's main competitor. The vehicle is positioned as an all-electric midsize SUV with a length, width and height of 4,753 mm, 1,920 mm and 1,650 mm, respectively, and a wheelbase of 2,890 mm, a regulatory filing in March showed.

For comparison, the Tesla Model Y has a length, width and height of 4,750 mm, 1,921 mm, 1,624 mm and a wheelbase of 2,890 mm.

G6 will need to be successful for XPeng to be truly relevant again in the marketplace, Deutsche Bank analyst Edison Yu's team said in a research note sent to investors on May 17.

XPeng will report its unaudited first-quarter financial results on Wednesday, May 24, before the US markets open, when its earnings call is expected to provide more information on the model.

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XPeng G6 will be unveiled at the Shanghai auto show and will be officially launched and delivered by the end of the second quarter.  |  XPeng US XPeng HK

(Image credit: XPeng)

Many car companies have announced new models or technologies ahead of the Shanghai auto show, and XPeng (NYSE: XPEV) will be the next.

XPeng will host a press conference on Sunday, April 16, to showcase its next-generation vehicle technology architecture, according to a press release from the company today.

The press conference, which will be hosted by XPeng chairman and CEO He Xiaopeng, will begin at 3:00 pm Beijing time on April 16.

XPeng did not disclose what the conference will involve but said it will be streamed live on channels including its official website.

In addition, at the 2023 Shanghai auto show, which begins on Tuesday, April 18, the company will debut its next production model, it said.

The Shanghai auto show will be held April 18-27 at the National Exhibition and Convention Center, and XPeng's booth is 6A08, in Hall 6.1.

The company will debut its next production model on the morning of April 18, with a live broadcast from 09:40 - 10:00 am Beijing time.

XPeng didn't mention the model's name, though it's apparently the G6, an SUV that will compete with the Tesla Model Y.

The company began warming up for the G6 earlier this month, releasing several images of the model's exterior.

On March 17, XPeng management said during the company's four-quarter earnings call that the G6, a new energy SUV in the price range of 200,000 yuan ($29,210) to 300,000 yuan, will be unveiled at the Shanghai auto show and will be officially launched and delivered by the end of the second quarter.

XPeng's monthly sales target for the G6 is 2-3 times that of the P7, Mr. He said during the call.

The G6 will have a significantly improved range that will exceed expectations, and will have much more interior space than similar offerings from competitors, he said.

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XPeng starts warming up for G6, releases official 'spy shot'

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The upcoming G6 will need to be successful to make XPeng to be truly relevant again in the market, said Edison Yu's team.  |  XPeng US | XPeng HK

(XPeng G6 shown in a regulatory filing.)

XPeng (NYSE: XPEV) will officially debut the G6 at next month's Shanghai auto show, and in Deutsche Bank's view, the new SUV's sales performance will be crucial for the electric vehicle maker.

The upcoming G6 will be the swing factor and the model will need to be successful to make XPeng truly relevant in the market again, Deutsche Bank analyst Edison Yu's team said in a research note sent to investors on Wednesday.

XPeng management said during an earnings call earlier this month that the G6 will be unveiled at the Shanghai auto show and will be officially launched and delivered by the end of the second quarter. The Shanghai auto show will be held from April 18 to April 27.

The model is a new energy SUV with a price range of RMB 200,000 ($29,250) - 300,000 and a monthly sales target of 2-3 times that of the P7, XPeng's management said.

That means at least 5,000 units per month of XPeng G6 sales, based on the trailing 6-month average, Yu's team noted.

XPeng will likely price the G6 similarly to the Tesla Model Y, hoping to attract consumers with its sleeker design and updated interior, the team said.

With increased G6 production, XPeng management believes total monthly deliveries could reach 15,000 units at some point in the third quarter, the team noted.

"This seems achievable and we model XPeng reaching this level in Sep," Yu's team wrote.

XPeng management said during a previous earnings call on August 23, 2022, that the company will launch a B-segment car in the first half of 2023 that will compete with the Tesla Model Y.

That model is the G6, and a regulatory filing earlier this month showed that it will come in three versions according to powertrain, including two single-motor versions as well as a dual-motor version. Its battery pack will have both lithium iron phosphate and lithium ternary batteries available.

The XPeng G6 measures 4,753 mm in length, 1,920 mm in width and 1,650 mm in height, with a wheelbase of 2,890 mm. For comparison, the Tesla Model Y measures 4,750 mm in length, 1,921 mm in width and 1,624 mm in height, with a wheelbase of 2,890 mm.

The G6 will have a significantly improved range that will exceed expectations and will have much more interior space than similar offerings from competitors, XPeng chairman and CEO He Xiaopeng said during the earnings call earlier this month.

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XPeng Q4 earnings call: New order intake up 100% in Feb from Jan

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