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| P5 ... a self-driving car from the Chinese rival Tesla |
Chinese electric car maker Xpeng Motors has launched a new P5 with self-driving features to compete in the highly competitive Chinese auto market.
The P5 is the third production model from Xpeng Motors and the second sedan after the P7. In China's increasingly crowded electric car industry, the Tesla Model 3 has added another competitor.
The Chinese company is competing with domestic manufacturers Nio and Li Auto: it will announce its prices at the Shanghai Auto Show on April 19, indicating that the price of the P5 will be lower than the P7.
The powered P7 starts at 2,29,900 yuan, while the Tesla 3 model starts at 2,499,000 yuan in China.
The P5 is expected to be available to Chinese customers in the third or fourth quarter of this year, and Xpeng Motors has expanded in Norway, the largest international market.
The company said: The P5 is expanding its business in northern Europe, while the P5 is launched in Europe, but did not say when it will be launched.
Xpeng Motors has added autonomous driving capabilities to differentiate itself from its competitors as the P5 is equipped with lidar technology that allows cars to distinguish between pedestrians, cyclists, scooters and road works even at night and in challenging conditions.
The Chinese automaker has also released a new version of XPilot called the Advanced Driver Assistance System (ADAS), which refers to a system that has some independent functions but still requires a driver.
XPilot 3.5 includes an updated version of the NGP Navigation Guide that allows users to independently perform tasks, such as: b- Changing lanes or bypassing.
XPilot tries to compete with Tesla's autopilot system and other competitors (like the Nios Nio Pilot).
The electric vehicle market in China is expected to recover this year. 1.9 million cars were expected, up 51% from the previous year.
Various government incentives helped China become the largest market for electric cars in the world, and many startups such as Xpeng, Nio, and Li Auto have grown rapidly.
However, these manufacturers are competing with the traditional automakers to improve the capabilities of electric cars and other competing technology companies.
Chinese research giant Baidu has teamed up with Geely to open an independent electric vehicle company, while the smartphone giant Xiaomi has announced plans to start an electric vehicle business.
Xiaopeng Motors delivered 27,041 cars last year, more than double what it was in 2019. In comparison, Tesla sold 137,000 Model 3 cars in China in 2020.