XPeng P5 Electric Sedan is Cheaper than Tesla Model 3 in Europe

Chinese EV automaker XPeng has announced the prices for its P5 electric sedan in Europe. Initially the Xpeng P5 is being launched in four countries: Norway, Netherlands, Denmark, and Sweden with price tag that undercuts the Tesla Model 3. Which means Xpeng is serious to grab a major share of the EV sedan market in Europe.

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Measuring 4,808 mm long, 1,840 mm wide and 1,530 mm tall with a wheelbase of 2,768 mm, the Xpeng P5 sedan is 114 mm longer, 9 mm narrower, and 87 mm higher than the rival Tesla Model 3. All versions of the P5 have a single electric motor on the front axle good for 155 kW (211 hp) which enables the P5 to reach 0-100km/h in 7.5 seconds and attain a top speed of up to 170 km/h.

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In China, the XPeng P5 is available with LFP battery packs of 55.9 kWh and 57.4 kWh. It also has versions with ternary (NMC) batteries for 61.3 kWh, 66.2 kWh, and 71.4 kWh. The P5’s range is around 450-600 km (NEDC). Another benefit of the P5 is the twin LIDAR system. As for the price, they are very affordable in China for 177,900-242,900 RMB ($27,360-$37,360 USD).

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In Denmark, the XPeng is priced from 390,000 DKK ($56,690 USD) whereas the Tesla Model 3 costs 409,990 DKK ($62,560 USD). In Netherlands, the P5 will be available for 48,000 EUR ($51,940 USD) while Model 3 starts at 51,970 EUR ($58,990 USD). In Sweden, the XPeng P5 will cost at least 550,000 SEK ($57,920 USD) in comparison to 569,170 SEK ($62,775 USD) of Tesla Model 3. In Norway, the price of P5 will start from 380,000 NOK ($42,660 USD) whereas the Tesla Model 3 has a starting price of 384,230 NOK ($43,440 USD).

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The export versions of the XPeng P5 have the exact same appearance as the ones sold in China. The P5 for Europe gets the ternary (NMC) battery for 66.2 kWh with 465 km range (WLTP). It is also equipped with the XPILOT 2.5 assisted driving system, capable of full-speed adaptive cruise control, lane change assistance, etc.

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