Chinese electric car maker Xpeng Motors on Saturday officially announced the pre-sale price of its new lidar-equipped sedan, the P5.
Xia Heng, co-founder and CEO of Xpeng Motors, announced that its new cars will be equipped with mass-produced car-level lidar, with the P5 model to be offered at a pre-sale price of 160,000-230,000 yuan. There will be six versions with different batteries available, with a maximum range of 600 kilometers. The new cars officially opened for pre-sale on July 17, and are expected to be listed in September and will be delivered at the end of October.
A lidar sensor has been installed on both sides of the P5’s front bumper. The lidar is customized and provided by DJI Lanwo Livox. The P5 can generate point clouds and create 3D maps through laser scanning, thereby offering safer NGP navigation-assisted driving in urban settings.
At present, XPeng provides lithium iron phosphate and ternary lithium batteries.
As the world’s first mass-produced lidar smart car, the P5 comes with the strongest automatic assisted driving function at present.
According to the firm’s prospectus, Xpeng Motors, established in 2015, is one of the leading intelligent electric vehicle companies in China, aiming primarily at the middle- and high-end markets, with prices ranging from 150,000 yuan to 300,000 yuan. The company launched three intelligent electric vehicle models – the G3, P7 and P5 in 2018, 2020 and 2021, respectively.
According to IHS Markit, Xpeng Motors is one of the top five best-selling brands in China’s mid-to high-end electric vehicle market in 2020, and its market share in China’s mid-to high-end new energy passenger vehicle market in the same year was 4.7%.
In August last year, Xpeng Motors landed on the New York Stock Exchange, becoming the third domestic new energy car company to list in the United States, after NIO and Li Auto. About ten months later, Xpeng Motors also listed on the Hong Kong Stock Exchange to become the first China concepts stock to achieve dual-listed status in New York and Hong Kong this year.