Reservations Open For Xpeng's P5; First Mass Produced EV With LIDAR
The P5 will slide right into Xpeng’s product line perfectly.
XPeng Motors introduced its third model, the XPeng P5, at the Shanghai Motor show earlier this week. Pre-orders for the P5, the world’s first production electric vehicle equipped with LiDAR technology, have also begun.
The P5 follows the XPeng G3, a compact SUV, and the XPeng P7, which is a long-range sports sedan. The P5 is a family sedan with a focus on comfort, technology, and affordability.
The P5’s instrument console includes a 15.6-inch vertically-oriented large-size screen with all the essential information and controls right where the driver needs them. A fully-stocked ecosystem of in-house and third-party apps and software packages allows for rich user-created content and many configurable options.
The P5 is expected to begin customer delivery in the fourth quarter of 2021 and early reservation holders will be entitled to lifetime free charging with their vehicle.
While we’d love the opportunity to test drive the P5 to get a better feel for the vehicle, on the surface we think XPeng hit the nail on the head with this car. It fits perfectly into XPeng’s lineup and shouldn’t cannibalize many sales from XPeng’s G3 or P7, as most of its buyers will likely be conquest sales from other brands.
While we don’t yet have all of the technical specifications or price, the G5 is expected to cost less than the P7 which starts at 229,900 yuan ($35,420) after subsidies. In comparison, the Tesla Model 3 in China starts at 249,900 yuan ($38,500). So the XPeng P5 will cost at least 10% less than a Model 3. It won’t have the long-range or performance of a Model 3, but it will probably be a better family car with more advanced driver-assist features in Chinese city driving environments.
We’d like to know your thoughts on XPeng’s latest offering. Would this be an EV you’d be interested in if it were available where you live? XPeng has already begun selling the G3 in select markets in Europe, so they clearly have sights on multinational expansion. There’s still no word on any plans to beginning selling cars in North America, but XPeng has already secured permits to begin road testing of the P7 in the US, so they must be looking ahead at that option also.
Let us know your thoughts on the P5 in the comment section below.
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