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XPENG Motors NEV base in Guangdong plans two new models

Monika From Gasgoo| December 14 , 2018

XPENG Motors Zhaoqing NEV base, XPENG Motors second model, China automotive news

Shanghai (Gasgoo)- Chinese EV startup XPENG Motors plans two new models based on the A and B platform for its intelligent-connected technology industrial park located in Zhaoqing, Guangdong Province, according to Zhaoqing Hi-tech Industrial Development Zone's official website. Annual capacities for two new models are planned to climb to 40,000 units and 60,000 units in 2023.

Meanwhile, Haima Automobile's Zhengzhou-based subsidiary will continue working as a contract manufacturer, producing part of products for XPENG Motors.

The startup's second model is positioned as an all-electric B-segment sedan, which will be put into trial production in the third quarter next year, said He Xiaopeng, chairman and CEO of XPENG Motors. Besides, he added that the new model will feature some upgrades in AI and autonomous driving applications over the XPENG G3.

The EV maker officially launched its first mass-produced model—the G3 into market on December 12 and handed over vehicles on spot. Three variants of the new model are priced at RMB135,800, RMB149,800 and RMB165,800 with subsidies respectively. It is reported that a total of 1,573 G3s were delivered within 24 hours after it hit the market.

The other important Chinese EV startup NIO is much earlier regarding the delivery of mass-produced models. One year after the NIO ES8's unveiling, the startup will launch its second volume production model—the ES6 at the NIO Day 2018 held on December 15. The ES6's presale has already started from December 1 with price staring at approximately RMB370,000.

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