U.S. listed Chinese language electrical car maker Xpeng Inc’s (NYSE: XPEV) electrical mid-size sedan P7 Black Label Version that it introduced final month is now out there on the market, CnEVpost reported on Tuesday.
What Occurred: The EV maker final month unveiled the particular version to rejoice the rollout of the 100,000th P7.
The XPeng P7 Black Label Version is priced at $51,800.
The P7 competes with Tesla Inc’s (NASDAQ: TSLA) Mannequin 3 electrical sedan. Xpeng’s most cost-effective P7 is at present priced at round $38,400.
See Additionally: Xpeng Costs P7 Sedan Increased In Norway Than Dwelling Turf China As It Takes On Tesla, Nio
Why It Issues: Xpeng rolled out the 100,000th P7 off the manufacturing line on March 23. Deliveries for the mannequin started in June 2020.
Xpeng started promoting the P7 in Norway late final yr.
The maker competes with Tesla Inc (NASDAQ: TSLA), Nio Inc (NYSE: NIO) and different electrical car firms in China.
Value Motion: Xpeng inventory closed 2.17% decrease at $26.6 a share on Monday.
Picture courtesy: Xpeng
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