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Xpeng Motors' (NYSE: XPEV) P5 sedan and G3i SUV models have entered the list of vehicles exempted from vehicle purchase tax in China, paving the way for the start of their official sales.
China's Ministry of Industry and Information Technology on Friday announced the latest list and the Xpeng P5 is included in three different range variants.
Xpeng announced earlier this month that the P5 will be officially launched on September 15.
Xpeng announced the P5 for pre-sale at the Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show in Shenzhen on July 17, and announced its price range of RMB 160,000 to 230,000.
Xpeng debuted a new naming scheme for the P5 model, with P representing the highest intelligence level of the model, followed by E and G. The numbers in the names of the different models represent their NEDC range.
The P series offers a choice of 550 km and 600 km NEDC range, while the E series and G series both offer a choice of 460 km and 550 km range.
The Xpeng G3i was launched in early July with a price range of RMB 149,800 - 185,800 after subsidies. Deliveries of the model will begin this month.
It is available in 460km and 520km NEDC range variants and includes four models - the G3i 450G priced at RMB 149,800, the G3i 460N at RMB 172,800, the G3i 520G at RMB 165,800 and the G3i 520N at RMB 185,800.
The list of products exempted from purchase tax announced by The MIIT on Friday up to and including the version with a range of 460 km.
In addition to the P5 and G3i, the list also includes a P7 with a range of 480 kilometers.
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