XPeng Motors unveils P7+ in Paris alongside pre-sale pricing, stresses commitment to Europe
Four days after XPeng Motors first unveiled its new P7+ EV, hailed as the “world’s first AI car,” the Chinese Automaker showcased it to the European public during the Paris Motor Show. Following the event, pre-sales of the P7+ began in China, and XPeng shared initial pricing.
As we recapped last week during the initial unveiling in China, XPeng Motors’ ($XPEV) P7+ is a new AI-centric evolution of XPeng Motors flagship sedan, the P7. That model has already made its way to new markets in Europe alongside the G9 SUV and G6 compact.
Today’s latest progress milestone dates back to February 2024, when spy images emerged of a new camouflaged BEV from XPeng that appeared to have ditched LiDAR in favor of pure vision cameras, similar to Tesla’s approach with FSD/Autopilot.
After confirming this past summer that the vehicle name and that it would, in fact, not come equipped with LiDAR, XPeng set a date to officially unveil the P7+ to the public in China. That event, held last week in Shenzen, offered plenty of updates on the XPeng P7+, including battery sizes and range estimates, but we still didn’t know the pricing.
At the time, XPeng said it would unveil the new model to Europe during the Paris Motor Show, and that additional event took place today alongside a start of pre-sales.
XPeng P7+ presale pricing kicks off lower than the Model 3
XPeng Motors used the annual Paris Motor Show as a platform to not only showcase its latest BEV technology but also reinforce its commitment to selling its vehicles in Europe and continue its quest to become a globally recognized automaker.
Similar to its event in China last week, XPeng emphasized its new AI technology and pure vision camera systems, which it calls its “AI Hawkeye Visual Solution,” to deliver a new “three-in-one” BEV that kicks off a new future for the automaker in which additional models will utilize similar AI-centric features.
Hawkeye vision features two 8M cameras in the front and rear of the P7+, as well as millimeter-wave radars and ultrasonic radars, which combine to deliver ADAS driving performance comparable to its previous approach that relied on costly LiDAR systems and HD map coverage.
The result is an intelligent driving system that operates using clearer, more accurate, and longer-range vision and perception, allowing the EV’s in-car computer to function effectively in all lighting conditions on the road. Per XPeng chairman and CEO He Xiaopeng:
XPENG believes the future of the automotive industry is rooted in technology, with AI and autonomous driving set to be the next revolution. Technology must benefit the user. XPENG cars today assist drivers with advanced ADAS (Advanced Driver Assistance System), and in the near future, they will make autonomous decisions, becoming a driver’s companion or a mobile butler, revolutionizing the mobility experience for our global customers. XPENG will continue investing in R&D to expand our vehicle portfolio and bring innovative smart technology to a world with zero accidents, zero traffic congestion, and zero emissions.
Before digging into the presale pricing of the new P7+, XPeng shared several highlights of its technology as a roadmap to future implementations across its BEV portfolio:
- Advanced ADAS standard on all lineups, with no fees or subscriptions, constantly evolving through over-the-air (OTA) updates.
- XPENG AI Hawkeye Visual Solution, powered by end-to-end AI large models, which enhances the understanding of time and space in surrounding environments while improving precision, range, and color resolution.
- The spacious interior surpasses the average SUV, with space for 33 carry-on suitcases (with the rear seats folded down).
- A standard 800V high-voltage SiC platform from XPeng G9 and G6 delivers ultra-fast charging and energy consumption of 11.6 kWh/100 km – better than competitors in its segment.
While unveiling the new model in Paris, XPeng Motors stressed its commitment to European expansion despite recently imposed tariffs on Chinese-built EV imports. The automaker currently sells three models mentioned above in several markets overseas, including Norway, Denmark, Sweden, the Netherlands, Belgium, Luxembourg, Germany, France, Iceland, Spain, and Portugal.
The P7+ will soon join its BEV siblings in Europe as XPeng has promised further expansions to new markets. Lastly, XPeng officially opened pre-orders of the P7+ in China and shared initial pricing, which is relatively low given the size and scope of its technology.
The XPeng P7+ pricing starts at RMB 209,800 ($29,610), which is RMB 22,100 ($3,120) less than the starting price of a Tesla Model 3 in China. While it will only cost Chinese customers RMB 99 to secure a pre-order of the P7+, pricing could go down even further when the model officially launches next month, making it an even more affordable and exciting new EV on the horizon.
We will keep you updated as we learn more about the XPeng P7+ and its pricing. Until then, you can view the new model up close in the video from XPeng below. Or if you’re at the Paris Motor Show, you can see it in person at XPeng’s booth in Hall 6.
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Chevron is not seeing signs that the U.S. is close to a recession even as President Donald Trump’s tariffs weigh on expectations for oil demand, CEO Mike Wirth said Tuesday.
“There’s no signs that we see at this point that we are in or close to a recession,” Wirth told CNBC’s “Squawk Box.” “There are signs that growth may be slowing and we have to always be prepared for that.”
The International Monetary Fund on Monday cut its growth outlook for the U.S. this year to 1.8%, down from 2.7% previously.
The oil market is expecting reduced demand as a consequence of Trump’s tariffs and the decision by OPEC+ increase production faster than expected, Wirth said. Chevron isn’t changing its capital spending plans in response to drop in prices, the CEO said.
U.S. crude oil prices have fallen about 11% since Trump announced his tariffs on April 2. West Texas Intermediate was last up about 72 cents at $63.80 per barrel. OPEC and the International Energy Agency have cut their demand outlooks for this year.
Wirth said U.S. onshore oil production in patches like the Permian Basin is likely to pull back if prices hit $60 per barrel. Offshore production likely won’t be affected, he said.
“That’s an area where if we were to be at a $60 price or even lower you’re likely to see activity pull back in this sector and you’ll see the production response over a few months,” Wirth said. “That’s what we should watch, not so much the deep water activity.”
Chevron is not expecting a major direct impact on its business from Trump’s tariffs as energy has largely been exempt from the levies, Wirth said.
“The effects that we feel are likely to be more the macroeconomic effects as they flow through the economy,” Wirth said. “The bigger issues would be what would it mean for growth, and global trade and how does that evolve.”
Executives at oil and gas companies were scathing in their criticism of Trump’s tariffs in an anonymous March survey by the Federal Reserve Bank of Dallas, warning that steel tariffs were raising their costs and low prices could impact their activity.
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Little is known about super-secretive EV startup Slate, but the fledgling brand is rumored to be backed by Jeff Bezos and determined to shake up the existing electric order with an affordable lineup of compact SUVs and pickups with that golden $25,000 price tag.
Now, at least, we know what it’s gonna look like. The battle of the billionaires is on!
Redditor jonjopop over at the spotted subreddit spotted what looks like an early prototype of an unbranded SUV with bizarre “CryShare” wrap. CryShare, as a concept, seems to combine the functionality of a ride sharing app like Uber or Lyft with the familiar (to parent, anyway) idea that small babies will often sleep better in a moving car than in their own cribs … but that’s not what’s important here.
Instead, focus on the vehicle itself – parked on Abbot Kinney Boulevard in Los Angeles without explanation or fanfare, this is our best look yet at the kind of vehicle(s) Slate is likely to reveal in the coming days.
Stumbled upon the Bezosmobile [Slate Automotive…idk?] being revealed with an absolutely bizarre marketing campaign
byu/jonjopop inspotted
Other local automotive journalists caught wind of the public unveiling, too – and our friends at The Autopian (Hi, Matt!) sent their own David Tracy out on the streets of LA to check it out. Tracy took the following video and posted it to Instagram.
The Slate breaking cover and causing buzz just ahead of what’s sure to be a painful Q1 earnings call for Tesla is a masterstroke of marketing – especially as doubts surrounding the viability of a “less expensive” Tesla Model Y or Model 3 continue to mount amid the uncertainty of Trump’s tariffs and declining sales of the brand’s more profitable models both at home and abroad.
As with so much involving Slate, however, there is nothing here written in stone – or even cast in cheese. Nothing has been announced, nothing is promised, and for all we know this might have more to do with the affordable Rivian brand launch, a new BYD, or be a viral marketing bit from some local Art Center design student in (relatively) nearby Pasadena. In fact, about the only thing I think we can say about Bezos (?) new Slate project with confidence today is this: Elon could probably use that drink.
SOURCES | IMAGES: Reddit, The Autopian.
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