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In addition to adding two new version options for the G3i SUV, Xpeng Motors recently added two new options to its flagship sedan, the P7.
According to information on Xiaopeng’s official website, the 670E+ version and the 670E+ wing version have been added to the P7 with a NEDC battery life of 415 miles.
They are the upgraded versions of the P7 670E and P7 670E wing versions, both of which are currently out of stock in the original factory.
The price of the P7 670E+ is 3,000 yuan higher than that of the P7 670E, but it is equipped with 19-inch two-tone sports wheels and Michelin tires, which were previously priced at 5,000 yuan
The P7 670E+ wing version is 1,000 yuan more expensive than the P7 670E wing version, but it adds a rear privacy glass, which is the first version of the P7 equipped with this option.
The P7 670E+ version has the same core specifications as the 670E version, including a permanent magnet synchronous motor with a maximum power of 196kW, a peak torque of 390Nm, and a ternary lithium battery pack of 80.9kWh.
Xpeng recently added two new models, the 520G+ and 520N+, to its July G3i, priced at 167,800 yuan ($26,300) and 187,800 yuan, respectively.
Both models are identical to the rest in terms of core specs, except that they both come standard with 18-inch wheels and Michelin tires.
Although the 520G and 520N models are still displayed on the pre-order page of Xpeng’s official website, they are shown as out of stock and users can no longer view their details.
XPeng was co-founded in 2014 by Xia Heng (Henry Xia) and He Tao, former senior executives at GAC Group with expertise in automotive technology and research and development. Initial backers included: the founder of UCWeb and former Alibaba executive He Xiaopeng, namesake and current Chairman of XPeng, and Lei Jun, the founder of Xiaomi.
XPeng’s subsidiary in the United States, XMotors.ai held a permit for testing self-driving cars from the California Department of Motor Vehicles starting in September 2018. The permit was revoked in February 2020 due to XPeng’s failure to submit a disengagement report. XPeng Motors then received a renewed Autonomous Vehicles Testing Permit from the California Department of Motor Vehicles in March 2020.
In May 2019, XPeng launched a vehicle for hire company with its own vehicles to serve Guangzhou.
In November 2019, XPeng raised USD$400 million in a third fundraising round, which saw Xiaomi join as a strategic investor of XPeng. In July 2020, XPeng raised $500 million from a group of investors including Aspex, Coatue, Hillhouse Capital and Sequoia Capital China. In August 2020, XPeng raised an additional $400 million from a group of investors including Alibaba, Qatar Investment Authority and Abu Dhabi‘s sovereign wealth fund Mubadala. On 27 August 2020, XPeng raised $1.5 billion with an IPO on the New York Stock Exchange, where its shares climbed more than 40% on the first day of trading. In March 2021, the company received a $76.9 million funding from Guangdong Yuecai Investment Holdings Co.
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