Deutsche Bank recently announced that the Xpeng P7+ has garnered significant attention due to its competitive pricing and impressive specifications. The new electric sedan has received over 10,000 non-cancellable unit orders within just 12 minutes of its launch, prompting the bank to revise its monthly sales estimate for the P7+ by 50 percent.
The Xpeng P7+ was officially launched with two regular variants priced at RMB 186,800 and RMB 198,800 respectively. Additionally, there is a limited edition model starting at RMB 218,800 with only 500 units available, which has already sold out. The starting price of the P7+ is RMB 23,000 lower than its initial price during pre-sales, making it more accessible to consumers.
Compared to its competitors such as the BYD Han EV, Lynk & Co Z10, Xiaomi SU7, Tesla Model 3, and Xpeng P7, the P7+ stands out with its longer, taller, and larger wheelbase design. Deutsche Bank notes that the new model is expected to achieve double-digit gross margins, thanks to Xpeng’s aggressive cost-saving initiatives, including a 25 percent reduction in overall vehicle bill-of-materials costs.
Looking ahead, Xpeng plans to launch six new products in 2025, followed by four more in 2026. With a total of ten new products set to debut over the next two years, Xpeng aims to significantly increase its sales volume. The company is projected to sell 400,000 units in 2025, representing a 115 percent year-on-year increase, and 620,000 units in 2026, a 55 percent year-on-year increase.
Earlier this year, Xpeng announced its ambitious plan to launch 30 new products over the next three years, signaling its commitment to innovation and growth in the electric vehicle market. With the successful debut of the P7+ and a strong lineup of upcoming models, Xpeng is poised for continued success in the industry.
(Source: CnEVPost)
