Product Plans

Xpeng is expected to launch facelifted versions of three existing models, the P7, G3 and P5, as well as two new models, including a coupe SUV and an MPV.

The skateboard chassis enables a high level of integration never before seen in a car chassis, helping to significantly reduce development cycles and costs.

The Li L7 is a five-seat version of the Li L8 and will be offered in two variants with starting prices of RMB 339,800 and 379,800 respectively.

Neta E will be the first real sports car that young people in China can own, and it will be mass-produced and delivered in the first half of 2023, Hozon Auto CEO said.

They will be a facelift of the hot-selling sedan P7, an SUV with the internal code name F30 and an MPV with the internal code name H93, local media said.

GM's Ultium-equipped plant in Wuhan will go into production by the end of this year.

Xpeng saw a significant drop in deliveries in the second half of the year, and potential consumers waiting for the new P7 could be one of the reasons.

Rumors that Xpeng may launch extended-range electric vehicles (EREVs) festered on Chinese social media over the weekend, and the company's co-founder denied it.

SUV competition in China's premium segment will intensify dramatically next year, with Nio, Xpeng and Li Auto all aggressively going after German luxury brands' market share, said Edison Yu's team.

Li Auto has moved up the release of the Li L8 by one month and said it will launch and deliver the Li L7 in the first quarter of 2023.