Xpeng has previewed its new SUV (sport utility vehicle) model, the G7, after spy photos showed Tesla's (NASDAQ: TSLA) facelifted Model Y looking like its G6 SUV.
Xpeng's new SUV has been officially named the Xpeng G7, the company's vice president Yu Tao said on Weibo today.
The G7 will perhaps be the most competitive SUV in the RMB 250,000 ($34,100) class this year, he said.
The model looks great, is loaded with AI technology, and remains a space monster, making it definitely a top choice for family users, Yu said.
Space monster is the phrase Xpeng uses to describe the P7+ sedan.
Yu did not reveal any more details but shared the first three images about the Xpeng G7.
Less than an hour before he shared the images of the G7, pictures of the camouflage-free facelifted Tesla Model Y were widely circulated on Chinese social media.
The new design of the updated Model Y has many thinking it looks like Xpeng's other SUV, the G6, making Xpeng a trending topic as well.
Xpeng officially launched the G6 in China on June 29, 2023, with deliveries starting a few days later. The current starting price of the model in China is RMB 199,900.
Last month, China's Ministry of Industry and Information Technology released a catalogs for models that will soon be allowed to be sold, and the updated G6 was included. This means that a facelifted G6 may not be far away.
Aside from the G6, Xpeng also has a flagship SUV on sale, the G9, which currently starts at RMB 263,900.
The information Yu shared today implies that the G7 will be positioned and priced between the G6 and G9.
The Xpeng G7 is expected to be the most direct competitor to the Model Y. The Tesla model is currently offered in three variants in China, with starting prices of RMB 249,900, RMB 290,900, and RMB 354,900 respectively.
The G7's other potential rival is the L60 from Nio's (NYSE: NIO) sub-brand Onvo, which is also targeting the Model Y. The L60 starts at RMB 206,900, including the battery pack.
($1 = RMB 7.3322)
Facelifted Tesla Model Y seen uncamouflaged in winter testing
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