Xpeng P5 cheaper than Tesla Model 3 in China

Xpeng P5 cheaper than Tesla Model 3 in China

Chinese electric car maker Xpeng has priced its third production model, the P5, to be launched in China in the third quarter of 2021 and delivered in the fourth quarter of 2021. The e-sedan will start at prices starting at 180,000 yuan after subsidies (the equivalent of around €23,500).

This means that the P5 costs significantly less than the Tesla Model 3 (starting at 250,900 yuan, or the equivalent of 32,840 euros). However, this comparison is somewhat abbreviated (more on this in a moment), as Xpeng plans to offer the P5 in a total of six variants. Even the most expensive version of the 4.81-meter sedan remains below the price of the Tesla model, at 230,000 yuan. Market observers suggest that the Xpeng has been priced "quite aggressively" in view of the competition with the popular Model 3.

Xpeng had unveiled the smaller e-sedan in April around the Shanghai auto show. The vehicle is a smaller brother to the P7, but in some ways the vehicle is already ahead of Xpeng's flagship due to ongoing development. For example, if the P7 is available with the XPILOT 2.5 or 3.0 driving assistance system, the P5 will support version 3.5.

Specifically, the P5 is offered in the versions 460G, 460E, 550G, 550E, 550P and 600P. The numbers correspond to the NEDC range, the letter to the version of the driving assistance system: G has no "XPILOT", for E it is version 3.0 and the P stands for the latest expansion stage 3.5.