Who is preparing for NEET 2018

21.11.2018 - 13:08

Xpeng prepares the market launch of its debut Stromer G3

The Chinese electric car startup Xpeng Motors has announced the start of sales for its first model, the Xpeng G3, on December 12th and also provides details of its sales concept and the planned construction of fast charging stations.

To develop the five-seater compact SUV, the Chinese resorted to a number of freely available Tesla patents. Around 1,000 copies have already rolled off the production line for test purposes, according to a company announcement. The Stromer has an output of up to 145 kW, should offer a range of at least 350 NEDC kilometers and be offered before subsidies of 200,000 yuan (just under 29,000 dollars).

In terms of sales, Xpeng Motors plans to set up around 70 sales outlets in 30 Chinese cities by the end of 2019. There are also 15 direct sales and service centers in Beijing, Shanghai, Guangzhou, Shenzhen and Hangzhou, which are due to open before Chinese New Year's Day in February 2019.

In addition, the electric car manufacturer is considering building a fast charging network and intends to install 1,000 columns over the next three years. The first 100 charging devices are to be installed in ten of the most relevant Chinese cities before the end of the year.

Remember, in early August, Xpeng closed a new round of funding worth 4 billion yuan ($ 587 million). In total, the company has already collected more than 10 billion yuan from investors. In the winter, Foxconn and Alibaba, among others, joined as investors. Primavera Capital, Morningside Venture Capital and the company's chairman, He Xiaopeng, joined in August.

In addition to its headquarters in Guangzhou, Xpeng has research and development departments in Beijing, Shanghai, Silicon Valley (USA) and Zhaoqing (Guangdong Province). In the latter region, the manufacturer, founded in 2014, is currently building its own new production facility, which should be completed by the end of 2019. The company is currently cooperating with Haima Automobile in order to be able to produce in Zhengzhou.

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