19 July 2021 12:59 pm / 0 comments
The battle for market share in the world’s largest electric car market is intensifying at an unprecedented rate. In a bid to sway buyers away from Tesla, fledging electric carmaker Xpeng has announced that pricing for its P5 sedan will start from as low as 160,000 yuan (RM104k), the
South China Morning Post reports.
The announcement comes just days after Tesla revealed a shorter-range Model Y that’s priced at 276,000 yuan (RM180k). That’s a 20% discount (approximately 71,900 yuan, or RM47k cheaper) compared to the standard range Model Y.
Xpeng, a company backed by Alibaba Group Holding said there will be six variants of the P5 on sale, with prices ranging from 160,000 yuan (RM104k) to 230,000 yuan (RM150k) after subsidies. Out of those, four will be fitted with LiDAR, a cutting-edge tech which Tesla CEO Elon Musk previously labelled as a “fool’s errand” due to the high cost of implementation.
The Gardner Scene: Gas and service stations of Gardner, Part 1
thegardnernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegardnernews.com Daily Mail and Mail on Sunday newspapers.
Porsche, Rimac and Bugatti agree to set up joint venture Bugatti-Rimac combines the genes of strong brands
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David Colburn
ORR - Developers of a proposed Dollar General store in Orr experienced a setback on Monday as the Orr City Council denied two requests for zoning permits and a building permit, but they remained committed to finding a way to move forward with the store.
The action came after a roughly 45-minute public comment session punctuated by terse and sometimes contentious exchanges between those in favor of the development and those opposed. Council members scheduled the public meeting after choosing at their June 14 meeting to postpone acting on the requests presented at that time, and about 20 people were present at the Monday meeting, although only a few chose to speak.
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msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.