XPeng Stock Drops 5% Although P7+ Electric Sedan Reaches 50,000th Production Milestone 5 Months After Launch
XPeng saw the 50,000th unit of the P7+ roll off the assembly line, about 5 months after the launch of the mid-to-large-size electric sedan.
The Chinese electric vehicle (EV) maker shared the development on Weibo today, representing a milestone for one of its best-selling models.
XPeng launched the P7+ on November 7, 2024, when it was offered in three variants with starting prices of RMB 186,800 ($25,670), RMB 198,800, and RMB 218,800 respectively.
Meanwhile, XPeng will debut a new electric sedan as early as next week, further diversifying its sedan lineup, CnEVPost has learned from a reliable source.
The new sedan, internally codenamed E29, will have a powerful powertrain as one of its main selling points, according to the source.
XPeng's sedans currently on sale are the Mona M03, P7+ and P7i, with the Mona M03 and P7+ being the main sellers.
While U.S. shares of XPeng dropped 5% in morning trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10