launched two new variants of the P7i with a CLTC range of 550 kilometers at a reduced starting price of RMB 223,900.

(Image credit: Xpeng)

Xpeng launched new variants of its flagship sedan, the P7i, with lower-cost lithium iron phosphate (LFP) battery packs, lowering the starting price by RMB 26,000 yuan ($3,570).

The Chinese electric vehicle (EV) maker today launched the P7i 550 Pro and P7i 550 Max with starting prices of RMB 223,900 and RMB 239,900, respectively.

The P7i was previously offered in four versions -- 702 Pro, 702 Max, 610 Max Performance, and 610 Wing Performance -- with starting prices of RMB 249,900, RMB 269,900, RMB 289,900, and RMB 339,900, respectively.

The number in the model's name is its CLTC range, and today's new versions have the lowest range of the P7i.

Both P7i 550 versions come with an LFP battery pack that can charge from 10 percent to 80 percent in as little as 29 minutes, the model's spec sheet shows.

Xpeng doesn't explicitly mention it, but a previous filing has shown that the new versions of the P7i come with an LFP battery supplied by Eve Energy with a capacity of 64.4 kWh.

Previously available Xpeng P7i's have all been powered by Li-ion ternary battery packs, with local battery maker CALB being one of the suppliers.

This has been Xpeng's long-standing practice of offering a new model with Li-ion ternary battery packs first to provide long range, and later lowering the starting price by offering versions with an LFP battery packs.

LFP batteries cost less than Li-ion ternary batteries, but have lower energy density and worse winter range.

Xpeng currently sells all battery electric vehicles (BEVs), including the G3 series, G6, G9, P5, and P7 series, and they delivered a record 20,002 units in October.

The G6 delivered 8,741 units in October, Xpeng said on November 1, without releasing breakdown figures for other models.

Xpeng delivered 15,310 vehicles in September, with the P7 series contributing 4,666 units, or 30.48 percent, data monitored by CnEVPost showed.

($1 = RMB 7.2834)

Xpeng delivers record 20,002 vehicles in Oct, G6 at 8,741