XPeng (XPEV) launches flagship EVs in Europe

XPeng (NYSE: XPEV) announced Friday the launch of two of its flagship cars across a number of European countries, as it continues its aggressive international push. The company said a revamped version of its P7 sedan and its G9 sports utility vehicle (SUV) are available to order in Denmark, Norway, the Netherlands and Sweden.

Brian Gu, president of Xpeng, said in a press release that the launch “represents a significant milestone” as the company builds up its European presence.

Xpeng claims its P7 sedan can travel 576 kilometers on a single charge with a starting price in the Netherlands of 49,990 euros ($54,917). Tesla’s Model 3 Long Range, which claims 602 kilometers on a single charge, costs 52,990 in the Netherlands. However, Xpeng’s G9 SUV is priced higher than Tesla’s Model Y, its closest competitor.

Xpeng claims its G9 can travel up to 570 kilometers on a single charge. Tesla’s Model Y Long Range can travel up to 533 kilometers on a single charge. Xpeng has priced its G9 at 57,990 euros in the Netherlands versus 53,990 euros for Tesla’s Model Y Long Range.

Shares of XPEV are down 1% in pre-market trading on Friday.

By Michael Elkins | [email protected]

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