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Chinese EV maker Xpeng is launching a Tesla Model Y competitor in early 2023

Highlights

  • The company said it will launch B-class and C-class vehicles in its home region by 2023
  • Xpeng currently faces competition from local juggernaut BYD and American automaker, Tesla
  • The automaker currently sells four electric cars in China

Electric car manufacturer Xpeng is gearing up to release two EVs in 2023, known preliminarily as the B-class and C-class EVs. The former, in the company’s words, will be positioned as a “strong competitor” to Tesla’s mid-size SUV, the Model Y.

Xpeng currently competes with the likes of Tesla and fellow Chinese EV manufacturer, BYD in its home market. Company President Brian Gu told reporters that the C-class will reach China by the second half of 2023, while the B-class car will arrive by the first half.

Also Read: Hyundai plans to launch six affordable electric cars in India by 2028, aims for maximising localisation

“Given the premium and large format positioning, the number may be limited in terms of contribution. But again, it’s still going to be targeting a brand-new segment that we did not cover before,” the executive said about the upcoming electric SUV.

Gu clarified that neither of the two models will be a sedan, though it’s unclear if both cars will follow the SUV form factor. Xpeng currently sells four electric cars in China — the top-end P7 and the mid-range P5 sedans — plus the flagship Xpeng G9 SUV accompanied by the mid-size G3 SUV.

The Xpeng G9 electric SUV

BYD prepping commercial launch of its EVs in India

Chinese automaker BYD already sells the e6 EV in India, albeit only for commercial buyers. But the company’s first widely available EV in the country may not be far away, by the looks of it. A recent report claimed that the manufacturer is preparing to launch the Atto 3 SUV in the region soon. BYD will import key components during the initial years and look to move towards localised production and assembly in the future. The company will reportedly show off its technologies and presumably some of its EVs during the 2023 Auto Expo in Greater Noida.

Source: CNBC

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