Xpeng To Launch P5 Smart Family Sedan On 15 September

Xpeng Inc XPEV announced it will launch its third production model, the XPeng P5 smart family sedan, on 15 September.
The model will be launched in the Chinese market, and the customer deliveries will start in October 2021.
Pre-sale of P5 kicked off in mid-July at a price range from RMB160,000 to 230,000 post subsidies.
Related: Tesla Received Far More Chinese Subsidies Than Homegrown Rival Nio In 2020
P5 is the world's first mass-produced LiDAR-equipped smart car.
Xpeng's August deliveries had slipped 10.3% month-over-month as production transition underway amid the planned September deliveries of its mid-cycle facelift version of G3 SUV impacted output. The company also sounded out the influence of supply chain disruptions.
Price Action: XPEV shares are trading lower by 1.12% at $38.93 on the last check Friday.
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