Xpeng (NYSE: XPEV) will debut its new SUV (sport utility vehicle) G7 in two days, after announcing last week that the model will feature a HUD (head-up display) system jointly developed with Huawei.
On June 11, the Xpeng G7 will make its global debut, the Chinese electric vehicle (EV) maker announced today on Weibo.
It will be a revolutionary super AI (artificial intelligence) vehicle, Xpeng said, with a poster indicating an event will begin at 7:30 pm Beijing time.
The SUV, Xpeng's first all-new model in 2025, will be a rare combination of cutting-edge technologies and spacious comfort in the smart SUV market, said He Xiaopeng, the company's chairman and CEO.
"It is also a car for the future; the Xpeng G7 will be the first AI car with L3 computing power," he wrote on Weibo today.
The G7 features cutting-edge technologies in autonomous driving, cabin design, and core electrical systems, while also offering family users unparalleled space and comfort, he said.
Mr. He's reference to "L3 computing power" implies that the G7 is likely to be equipped with Xpeng's in-house developed Turing AI chip.
The company announced on April 15, when it launched the updated X9 MPV (multi-purpose vehicle), that the Turing chip would be used in mass-produced vehicles in the second quarter.
Xpeng first teased the G7 in January, suggesting it could be the most competitive SUV in the RMB 250,000 ($34,770) price range this year.
Xpeng currently has two SUV models on sale, the G6 and G9, both of which received upgrades in March.
Its other models include the Mona M03, P7+, P7i sedans, and the X9 MPV.
On June 5, Xpeng unveiled its HUD system co-developed with tech giant Huawei, calling it the world's first HUD solution integrated with AI driving.
Xpeng refers to this solution as AR-HUD, which can project an 87-inch display area onto the windshield, showing information including driving assistance, speed, and road conditions.
The AR-HUD will first be used on the G7, Xpeng said.
Adding a new member to its SUV lineup is expected to help Xpeng achieve higher sales. Mr. He said in February that he was confident the company would double its sales in 2025.
Xpeng delivered 190,068 vehicles in 2024, and doubling its sales would mean a target of about 380,000 vehicles for 2025.
In China, SUV models are the most popular, followed by sedans, while MPVs are a niche market.
In 2024, SUVs accounted for 49 percent of China's passenger vehicle retail sales, sedans 46 percent, and MPVs 5 percent, according to data compiled by CnEVPost.
($1 = RMB 7.1896)
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