China’s XPeng Motors Inc. (NYSE: XPEV and HKEX: 9868), has officially launched its third all-electric production model, the XPeng P5 smart family sedan. P5 is the world’s first production vehicle to implement auto-grade LiDAR technology.
Xpeng says its LiDAR technology allows for ‘ample safety redundancy, and far more comprehensive and accurate recognition of vehicles, pedestrians, small obstacles on the road, even in tunnels, night, fog, or rainy and snowy conditions’.
The new model is also fitted with Valet Parking Assist cross-storey parking lot memory parking (VPA-L).
The six versions of P5 provide a choice of NEDC driving range from 460km, up to 550km and 600km. Some versions of P5 are also equipped with a high-energy density battery of 180Wh/kg, extending range still further.
Its 100-kph acceleration is 7.5 seconds, while its 100-0 kph braking distance is 36.5 meters.
He Xiaopeng, Chairman & CEO of XPeng, says: “With the P5, we have delivered a new level in sophistication and technological advancement for smart EVs in China, at a competitive price point. We believe this is an age of intelligence, and that intelligence will redefine mobility as a whole. Now we have made the best-in-class smart family sedan available at the RMB200,000 price range, bringing some of the most advanced driver assistance functionality to China’s vast and fast-growing middle-class consumer base.”
He adds: “We have drawn inspiration from customers’ feedback, especially during the pandemic, and from the best models in the conventional family sedan and recreational vehicle (RV) class, while taking functionality and features to a whole new level.”
Xpeng says the P5 is immediately available for order in six configurations in China. Customer delivery in China will start at the end of October, 2021.