XPeng Inc. (NYSE:XPEV) reportedly previewed its new G7 SUV, set to compete in the RMB250,000 ($34,100) segment.
The G7, revealed by XPeng's vice president Yu Tao on Weibo, is positioned as a highly competitive model for family users, offering ample space and advanced AI features, reports CnEV Post.
Yu also noted that the vehicle will continue the company's reputation for "space monster" design, similar to its P7+ sedan. Although details remain limited, the initial images of the G7 suggest a sleek and tech-driven design.
XPeng launched the G6 in China in June 2023, with deliveries starting shortly after. The current price of the G6 in China is RMB199,900, the report adds. The updated G6 was recently included in a catalog by China's Ministry of Industry and Information Technology, suggesting a facelift may be coming soon.
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Earlier this week, the company selected RTI Connext Drive as the core communication technology for its upcoming next-generation vehicle architecture.
Starting with 2026 models, this technology will manage the complex data flow in XPeng cars, enhancing smarter, more efficient designs.
Connext Drive, based on the DDS standard, will ensure seamless communication between vehicle systems, regardless of supplier.
This integration is key to advancing XPeng's autonomous driving capabilities and supporting future models' complex systems without requiring extensive code changes.
According to Benzinga Pro, XPEV stock has lost over 2% in the past year. Investors can gain exposure to the stock via VanEck Low Carbon Energy ETF (NYSE:SMOG).
Price Action: XPEV shares are trading lower by 1.15% to $12.00 premarket at last check Friday.
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