Xpeng P7+ Challenges Tesla with Vision-Driven Autonomous Technology

Xpeng P7+: A New Chapter for China’s EV Contender

Introduction
Xpeng Inc., one of China’s prominent electric vehicle (EV) startups, first captured global attention in 2019. The company introduced the XPeng P7, an electric sedan resembling the Tesla Model S but priced closer to the Model 3. With advanced semi-autonomous driving technologies comparable to Tesla’s Autopilot, known as XGNP, the P7 set new benchmarks. For 2024, Xpeng is gearing up to release an updated version—the P7+. Here’s everything you need to know about this new model and the company’s strategic maneuvers.

Key Highlights of the XPeng P7+

1. Updated Design and Dimensions
The updated XPeng P7+, confirmed by CEO He Xiaopeng on Weibo, will come with significant upgrades. Noteworthy changes include:

• New Name: The model will be called P7+.
• Size: It will span over five meters (approximately 196 inches).
• ‘Technology +’: While the specifics remain vague, this hints at advancements in tech features.

2. Refreshed Exterior
Images shared by Xpeng reveal a sleek and stylish vehicle. Unlike its predecessor, which mirrored the Tesla Model S, the P7+ boasts distinctive proportions. The roofline extends gracefully, ending in a compact decklid, suggesting that the new model may feature a hatchback design.

Departure from LiDAR Technology

One of the most striking updates is the omission of LiDAR units. Unlike the G6, G9, P5, and current P7, which rely on LiDAR for self-driving capabilities, the P7+ appears to adopt a vision and camera-based system for its autonomous driving ambitions—similar to Tesla’s approach. This change has already sparked reactions, drawing the attention of Tesla CEO Elon Musk.

Market Performance and Future Prospects

XPeng had historically seen robust sales from the P7, constituting around half of its total sales in 2022. However, its market share has dwindled to about 17% for 2024. Although the G6—aimed at competing with Tesla’s Model Y—has received favorable reviews, it hasn’t met sales expectations. Nonetheless, XPeng achieved a milestone in May, delivering over 10,000 vehicles, marking its best month ever.

European Market Aspirations
Xpeng is setting its sights beyond the Chinese market. The P7+ is expected to make its debut in Europe soon after its official launch in China, scheduled for the fourth quarter of 2024. However, the company will have to navigate steep EU tariffs, including a 20.8% Chinese import duty and an additional 10% levy on electric vehicles.

Conclusion

With the imminent release of the P7+, XPeng is advancing its position in the highly competitive EV market. The new design, technology updates, and strategic shifts promise to elevate the brand’s standing, not just in China but globally. As Xpeng continues to innovate, it remains to be seen how these changes will influence its market performance.

Contact
For more details, reach out to Kevin Williams at kevin.williams@insideevs.com.

Meta Title: XPeng P7+: 2024 Update Marks New Era for Chinese EV Startup
Meta Description: Discover the exciting updates in the XPeng P7+ set for release in 2024. From advanced autonomous tech to European market ambitions, learn what sets this EV apart.

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