Xpeng Introduces New Affordable EV Models to Challenge BYD in Mass Market

Sunday, 17 March 2024, 05:00

Xpeng, the premium Chinese electric vehicle maker, plans to enter the mass-market segment with the launch of more affordable EV models. Priced between 100,000 yuan and 150,000 yuan, these new models aim to compete directly with rival carmaker BYD. The move signifies Xpeng's strategic expansion and ambition to capture a larger market share in the electric vehicle sector.
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Xpeng Introduces New Affordable EV Models to Challenge BYD in Mass Market

Exclusive: Xpeng Expands Product Line with Affordable EV Models

Xpeng, a leading Chinese EV manufacturer, has announced its entry into the mass-market segment with the introduction of new electric vehicle models under a separate brand. The CEO, He Xiaopeng, revealed that these budget-friendly models will be priced between 100,000 yuan and 150,000 yuan, positioning Xpeng to directly challenge its competitor BYD in the affordable electric car market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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