XPeng

2024 - 3 - 18

Xpeng Shakes up the EV Market with Plans for a Cheaper Brand

China - electric vehicles - EV market - German carmaker Volkswagen - Singapore - XPeng

Competition in China's electric-vehicle market heats up as Xpeng unveils a new affordable brand targeting young drivers with AI-assisted features. Get ready for the EV revolution!

As the electric vehicle (EV) market in China becomes increasingly competitive, Xpeng, a prominent Chinese EV maker, has made waves by announcing its plans to launch a more affordable brand. This strategic move aims to tap into a fiercely contested segment characterized by intense price competition. Xpeng's new brand is dedicated to creating the first AI-assisted driving car tailored for young people, setting it apart in the evolving EV landscape.

During the China EV100 Forum 2024, Xpeng's Chairman and CEO, He Xiaopeng, unveiled the company's ambitious vision to penetrate the global auto market with the launch of this cost-effective brand. The upcoming models, set to debut within the next month, are positioned to be priced between 100,000 yuan and 150,000 yuan (USD 14,000-USD 21,000), making electric mobility more accessible to a broader audience.

Excitingly, Xpeng's shares soared following the announcement of its foray into the mass market with the cheaper brand. This strategic shift reflects the brand's commitment to staying competitive amidst the growing intensity in China's EV sector. With the imminent launch in Singapore by the second half of 2024, Xpeng is poised to make a significant impact in the Asian EV market, marking a pivotal moment in the company's expansion journey.

In another bold move, Xpeng has appointed Premium Automobiles as its dealer in Singapore, signaling a strong push towards establishing a presence in the Southeast Asian region. Additionally, the brand's decision to target a more affordable and widespread segment emphasizes its strategic positioning to cater to diverse consumer preferences and market demands.

Post cover
Image courtesy of "CNN"

Amid fierce competition in China's EV market, Xpeng to launch ... (CNN)

Chinese electric-vehicle maker Xpeng has announced plans to launch a cheaper brand, entering a highly competitive segment amid intense price competition in ...

Post cover
Image courtesy of "Automotive News"

Xpeng plans cheaper EV brand (Automotive News)

The new brand is dedicated to creating "the first AI-assisted driving car for young people," Xpeng said.

XPENG plans to launch all-new brand targeting global auto market ... (SMM - Shanghai Metals Market)

During the China EV100 Forum 2024 held on March 16, He Xiaopeng, Chairman and CEO of Chinese smart electric vehicle maker XPENG, unveiled plans to launch a ...

Post cover
Image courtesy of "ETBrandEquity.com"

Xpeng to launch cheaper EV brand amid fierce China price ... (ETBrandEquity.com)

Models of the brand, to be launched within the next month, will be priced between 100000 yuan and 150000 yuan (USD 14000-USD 21000), Xpeng Chairman and CEO ...

Post cover
Image courtesy of "Hong Kong Standard"

XPeng to launch cheaper EV brand (Hong Kong Standard)

Sinopec Engineering (2386) said its net profit last year grew 2.2 percent to 2.34 billion yuan (HK$2.5 billion) from a year earlier and anno...

Post cover
Image courtesy of "Morningstar.com"

XPeng's Shares Rise on Cheaper Brand Launch (Morningstar.com)

XPeng's shares rose after the Chinese electric-vehicle maker disclosed plans to launch a cheaper mass-market brand amid intensified competition in China's EV ...

Post cover
Image courtesy of "Yicai Global"

Xpeng to Launch New EV Brand Targeting Cheaper, Larger Market ... (Yicai Global)

(Yicai) March 18 -- Chinese new energy vehicle startup Xpeng Motor will release a new brand targeting a cheaper and more popular segment in China's ...

Post cover
Image courtesy of "The Straits Times"

Chinese EV brand Xpeng to be launched in Singapore by second ... (The Straits Times)

SINGAPORE – Xpeng, a Chinese electric vehicle (EV) brand backed by German carmaker Volkswagen, will be launched in Singapore by the second half of 2024.

Post cover
Image courtesy of "CnEVPost"

Xpeng to enter Singapore market by H2 2024, report says (CnEVPost)

Xpeng recently appointed Premium Automobiles in Singapore as its dealer, and its first model to retail there is expected to be the G6 SUV, according to The ...

Post cover
Image courtesy of "TechNode Global"

Chinese EV maker XPeng appoints Bermaz Auto Bhd as official ... (TechNode Global)

XPeng's move to enter the Malaysian market also came as competition in China's EV market intensified. EV companies race to cut prices, with market leader ...

Post cover
Image courtesy of "The Independent"

Chinese EV XPENG to hit Singapore roads by second half of 2024 ... (The Independent)

SINGAPORE: XPENG, a Chinese electric vehicle (EV) brand backed up by German automaker Volkswagen, is gearing up for its launch in Singapore, set to hit the ...

Post cover
Image courtesy of "ETEnergyworld.com"

Xpeng to launch cheaper EV brand amid fierce China price ... (ETEnergyworld.com)

Xpeng: That compares with a 200000-300000-yuan range where premium EV makers generally prices their cars.

Post cover
Image courtesy of "The Wall Street Journal"

XPeng's Shares Rise on Cheaper Brand Launch (The Wall Street Journal)

Competition in China's electric-vehicle market is heating up as carmakers continue to slash prices.

Post cover
Image courtesy of "TipRanks"

Hong Kong Stocks: Xpeng Seeks Larger Market Share with ... (TipRanks)

In key news on Hong Kong stocks, electric vehicle (EV) manufacturer Xpeng, Inc. (HK:9868) is seeking a larger mass market share with the launch of its ...

Post cover
Image courtesy of "Ward's Auto"

Xpeng to Launch Budget Sub-Brand in China (Ward's Auto)

BEV price war in China hots up as automaker promises cheaper cars from this month.

XPENG plans to launch all-new brand targeting global auto market ... (Gasgoo Auto News)

Shanghai (Gasgoo)- During the China EV100 Forum 2024 held on March 16, He Xiaopeng, Chairman and CEO of Chinese smart electric vehicle maker XPENG, ...

Post cover
Image courtesy of "Fortune"

China EV startup Xpeng will launch a brand that's 50% cheaper ... (Fortune)

China EV startup Xpeng will launch a brand that's 50% cheaper, following Tesla downmarket to survive a slowing EV market ... He Xiaopeng, chairman and CEO of ...

Post cover
Image courtesy of "Investopedia"

XPeng Ready To Launch a Lower-Priced EV Brand (Investopedia)

XPeng Inc. is reportedly set to launch a lower-priced brand of electric vehicles amid stiff competition in China.

Post cover
Image courtesy of "Investor's Business Daily"

XPeng Earnings Due As China EV Stocks Enter The 'Knockout Round' (Investor's Business Daily)

XPeng (XPEV) prepares to report earnings for the fourth quarter early Tuesday as the China EV price war intensifies. XPeng stock gained Monday and Li Auto ...

Post cover
Image courtesy of "Yahoo Canada Finance"

China EV startup Xpeng will launch a brand that's 50% cheaper ... (Yahoo Canada Finance)

China's EV market is having a slow start to 2024. Sales growth is slowing in the current quarter compared to the final quarter of 2023, with companies ...

Explore the last week