March 22, 2023

Crypto Engine is a crypto trading tool for investing in the crypto market with an %88 average win rate on trades and is the #1 trading software for crypto traders from all around the globe in 2022. Try it For FREE Today. 

Since 2013, Tesla has emerged as the largest and the top electric car manufacturing company in the entire world. Tesla is an electric car manufacturing company based in the United States and since the launch; it has expanded its services around the world.

Over time, Tesla has even gained a lot of popularity and growth in the world’s largest automobile market, which is China. However, China is a country that is not accustomed to letting international and especially, American companies rule its local markets.

The country likes to stay independent no matter the sector and the automobile sector is the one where it saw that it was losing the grip. This is when China saw different electric car manufacturing startups getting launched in China.

This was the perfect opportunity for China to ensure that it took back the control of its EV markets from Tesla. Therefore, the government of China started backing up the Chinese EV manufacturing startups.

Luckily, for Xpeng Motors, it was one of the Chinese EV manufacturing startups that are currently receiving support from Chinese governments.

Since 2014, Xpeng Motors has been coming up with new and beautifully designed electric vehicles. The cars manufactured by Xpeng Motors have started gaining the attention of many local as well as international dealerships.

The company is known for its innovative approach when it comes to launching new vehicles every now and then. This time, Xpeng Motors has surprised all Xpeng Motors enthusiasts by making a huge announcement.

Xpeng Motors has reportedly unveiled a new car that it plans to launch in the Chinese market soon. Xpeng Motors has confirmed that the name of the new car is P5, which belongs to the Sedan-Class cars. One of the most surprising features of the new P5 is that it is capable of self-driving.

The sources have confirmed that Xpeng Motors has launched P5 so it can compete with the Model 3 Tesla car that has become the center of attention for many enthusiasts from China.

In the past couple of years, the Model 3 electric car by Tesla has conquered the Chinese EV market. Therefore, the launch of the P5 model by Xpeng Motors would ensure that the company gives Tesla competition.

Apart from bringing a challenge to the international EV manufacturing company, Xpeng Motors is also giving competition to the local EV companies such as Li Auto and Nio.

The company has not yet announced the price of the vehicle, but it confirmed that the price of the P5 vehicle will be unveiled on April 19, 2021, at the Shanghai Auto Show.

While many expected that being autonomous, would have a high price, Xpeng Motors has confirmed that the price of P5 would be lower than P7’s.

trade now

Altcoin Directory is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site (namely Branded Content Posts) is paid content that is not written by our authors and the views expressed do not reflect the views of this website. Any disputes you may have with brands or companies mentioned in our content will need to be taken care of directly with the specific brands and companies. The responsibility of our readers who may click links in our content and ultimately sign up for that product or service is their own. Cryptocurrencies, NFTs and Crypto Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.

Leave a Reply

Your email address will not be published. Required fields are marked *

Only $250 and you're Rich - Simple way to make $1,372/Day Learn More
Skip to content