Product Plans

Starting in 2023, Li Auto will launch two new platforms, the Whale and the Shark, and plans to launch at least two premium all-electric vehicles per year by then.

Xpeng Motors will launch a new product platform for international markets within two years and will consider global automotive regulatory norms in its development.

Li Auto is going to launch an MPV model to expand its product matrix, autohome.com.cn reported Friday.

Xpeng Motors will release its first large SUV in 2022, which will be the company's fourth model and will be comparable in size to the Nio ES6, local media reported Monday.

The new Li ONE is expected to be released in May and could be priced at around RMB 350,000 ($54,400)-360,000, up from the current model's price of RMB 32,800.

Li Auto has recently launched an all-electric vehicle program, with the first product scheduled for release in 2023, Chinese media outlet LatePost reported Wednesday.

A Shenzhen-listed firm announced that it has won the "X01 assembly line" project of Li Auto's Changzhou branch, with a contract value of RMB 160 million and a delivery date of March 30, 2022.

Previous report said the new car is likely to be positioned as a compact two-seater sedan with a body chassis based on the Model 3, while the guidance price will be kept between RMB 150,000 - RMB 200,000.

Tesla will produce a third model at its Shanghai Gigafactory, which will be positioned below the Model 3 and could be priced at around RMB 160,000 yuan ($24,756), PCauto cited channel sources as saying.

Xpeng announced the new Xpeng P7 Wing edition, available in 4WD High Performance and Rear-Wheel Drive versions with a subsidized retail price of RMB 366,900 to RMB 409,900.