The G6, a new energy SUV with a price range of RMB 200,000-300,000, will be officially launched and delivered by the end of the second quarter, Xpeng said previously.
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Xpeng's (NYSE: XPEV) new model G6, its first model based on the next-generation architecture, was officially unveiled today on the first day of the Shanghai auto show.
Xpeng said the G6 is the ultimate form of vehicle before full self-driving is achieved, saying the model is equipped with XNGP intelligent assisted driving that provides powerful environmental awareness and can generate high precision maps in real-time.
The model is based on an 800 V high-voltage platform and can get 300 kilometers of range in as little as 10 minutes of charge, Xpeng said. The company's other 800 V-based model is the flagship G9 SUV.
Xpeng did not announce specific specifications or pricing information for the G6, which are expected to be known at a future official launch event.
Xpeng unveiled its next-generation architecture called SEPA (Smart Electric Platform Architecture) 2.0 at an event in Shanghai on April 16, saying the G6 will be the first model to be built on it.
The architecture will shorten the development cycle of future models by 20 percent and optimize development efficiency significantly, it said, adding that interchangeability and interoperability of common and modular components between new models will reach 80 percent, enabling Xpeng to meet diverse customer needs at an optimized cost.
Early last month, a regulatory filing revealed that the Xpeng G6 has a length, width and height of 4,753 mm, 1,920 mm and 1,650 mm, respectively, and a wheelbase of 2,890 mm.
For comparison, the Tesla (NASDAQ: TSLA) Model Y measures 4,750 mm in length, 1,921 mm in width and 1,624 mm in height, with a wheelbase of 2,890 mm.
The two single-motor versions of the Xpeng G6 feature a 218 kW peak power motor, while the dual-motor version has an additional 140 kW peak power motor.
All three versions of the Xpeng G6 in the filing are equipped with cells supplied by CATL's local competitor CALB, and battery packs are manufactured at Xpeng's plant in Wuhan, Hubei.
On March 17, Xpeng management said during the company's fourth-quarter earnings call that the G6, a new energy SUV with a price range of RMB 200,000 ($29,090) to RMB 300,000, will be officially launched and delivered by the end of the second quarter.
Xpeng's monthly sales target for the G6 is two to three times that of the P7, the company's chairman and CEO He Xiaopeng said during the call.
The G6 will have a significantly improved range that will exceed expectations and will have much more interior space than similar offerings from competitors, he said previously.
In a research note sent to investors on March 22, Deutsche Bank analyst Edison Yu's team said the G6 will be the swing factor and that the model will need to succeed in order to make Xpeng truly relevant in the market again.
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