The Chinese electric vehicle (ev) maker XPeng company currently has four vehicles on sale, which include the G3 sports utility vehicle, a cheaper P5 sedan, its flagship P7 sedan, and a larger G9 SUV that will begin being delivered to customers in October with tesla model
The Chinese company electric vehicle currently has four vehicles on sale, which include the G3 sports utility vehicle, a cheaper P5 sedan, its flagship P7 sedan, and a larger G9 SUV that will begin being delivered to customers in October.
Brian Gu, also revealed that one of the vehicles will be a so-called B-class vehicle, while the other will be a C-class vehicle. The classes refer to the size of Xpeng vehicles. For context, the company’s P7 sedan is a B-class car, while the G9 SUV is a C-class vehicle.
“Given the premium and large format positioning, the number may be limited in terms of contribution. But again, it’s still going to be targeting a brand-new segment that we did not cover before,” Gu said during the call.
The electric vehicle company Xpeng vice chairman said the B-class vehicle would “target even larger market segment” and expects it to be “a model that can generate substantial numbers of delivery and sales.”
“It could probably consider that to be of strong competitors to the current model wide in the market,” Gu aded.
The news was first reported by CNBC. Xpeng declined to divulge details beyond the ones shared on the earnings call when contacted by Benzinga.
XPeng Earnings: XPeng’s Hong Kong shares tumbled over 12% on Wednesday after the company posted a quarterly net loss that more than doubled.
The company expects third-quarter vehicle deliveries of 29,000 to 31,000 units and a revenue rise of 18.9% to 25.9%, or 6.8 billion yuan to 7.2 billion yuan.
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