Xpeng has launched and started deliveries of a model it called the G3 SUV. In April, the company also unveiled a sedan called the P7 and is looking to ramp up production of its cars.
has seen a boom in electric car start-ups, thanks to government support including subsidies for companies which make the so-called new energy vehicles. It has attracted a lot of capital to the sector.
However, Xpeng's funding comes at a time when the government is cutting back those subsidies with a view of possibly phasing them out. Xpeng has launched and started deliveries of a model called the G3 SUV. In April, the company also unveiled a sedan called the P7. The Chinese automaker has been looking to ramp up the production and deliveries of its cars. The company plans to launch the P7 sedan in Spring 2020 and will start delivery in the second quarter next year.
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