XPeng P5 presale in China at RMB160,000 – 230,000 post subsidies

GUANGZHOU, China – XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV, HKEX: 9868.HK), a leading Chinese smart electric vehicle company, announced on July 17 the presale price range of RMB160,000 – 230,000, post subsidies, for its P5 smart sedan at the 2021 Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show.

XPeng’s latest achievement in intelligent mobility, the P5 will be made available for the Chinese market in six versions – 460G, 460E, 550G, 550E, 550P and 600P.

Commencing on July 17, the P5’s presale has already received enthusiastic responses from consumers in China, with LiDAR-equipped versions comprising the majority of orders so far. The P5 will officially launch in China in the third quarter of 2021 with deliveries starting in the fourth quarter of 2021.

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“Popularizing smart EVs and shaping the mobility experience of the future has been always our goal. The P5 will further enrich our product offering, and will redefine our driving experience by integrating everyday living situations with the digital cockpit, transforming the vehicle into a multi-function living space,” said Henry Xia, Co-founder and President of XPeng.

XPeng’s third new production model, and the world’s first mass-produced LiDAR-equipped smart car, the P5 will offer the most sophisticated autonomous driving features powered by XPeng’s in-house developed XPILOT 3.5 autonomous driving assistance system, expanding the Navigation Guided Pilot features from highways and expressways to urban roads, traffic intersections and other complex city driving scenarios.

The P5’s rich infotainment ecosystem, supported by XPeng’s latest Xmart 3.0 in-car operating system, will transform its commodious in-car space to elevate user interactivity to a new level, making the vehicle fit for lifestyle uses such as cinema, lounge, sleeping and gaming modes.

The XPeng P5 will be available in six configurations, the 460G, 460E, 550G, 550E, 550P, and 600P versions, using XPeng’s new naming scheme, where the number represents the configuration’s NEDC range, and the letter P/E/N/G indicates the level of XPILOT functionality.

The P versions are equipped with XPILOT 3.5 hardware, while the E versions are equipped with XPILOT 3.0 hardware.

The E version and P version are both equipped with XPILOT 2.5 software as standard, which can be upgraded via FOTA upgrade, by purchasing XPILOT software services, to the corresponding hardware system.

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