The P7+ delivered 6,950 units in November, contributing 22.5 percent of Xpeng's deliveries for the month.
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Category: Xpeng P7 Plus
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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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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Xpeng began pre-sales of the P7+ on October 14 at a starting price of RMB 209,800 ($29,450) and received more than 30,000 pre-orders in the first 1 hour and 48 minutes.
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The first production vehicles of the P7+ rolled off the assembly line at Xpeng's Guangzhou production facility today, with the model set to be formally launched and begin deliveries in China in early November.
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Deutsche Bank also expects Xpeng to launch six products in 2025 and an additional four new products in 2026.
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Orders for the P7+ surpassed 30,000 units just 1 hour and 48 minutes after pre-sales began, Xpeng said.
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