The Xiaopeng G6 is a model that matches the Tesla Model Y in terms of size, power, space performance, and even interior style. However, its starting price is 54,000 yuan lower than that of the Tesla Model Y, and the advantage of the high-end version is even greater.
On June 28th, Hong Kong stock XPENG-W surged strongly, with a growth rate exceeding 11%. Today (June 29th), the stock price slightly increased and closed at HKD 45.3.
The catalyst for the sharp rise in XPENG-W's stock price is its heavyweight new car, the G6.
Earlier news stated that XPENG-W's latest model, the XPENG-W G6, will be officially released tonight and deliveries will begin in July. Within 72 hours of pre-sales, the new car received orders for 25,000 units, and foot traffic in stores increased sixfold. In addition, XPENG-W has announced the launch of two intelligent electric vehicle models for the European market.
The latest news is that the XPENG-W G6 has officially been launched and deliveries will begin in July. XPENG-W Chairman He XPENG-W stated that as the first strategic model under the "Fuyao" architecture, the G6 is to XPENG-W what the iPhone 4 is to Apple, representing XPENG-W's thinking on the next generation of intelligent electric vehicles. From June 9th to 28th, orders for the XPENG-W G6 have exceeded 35,000 units.
Why has the XPENG-W G6 received such a strong market response?
At the Shanghai Auto Show in April this year, XPENG-W positioned the G6 as the "last car before autonomous driving" and emphasized innovation in intelligence and driving comfort. It has long been identified by the industry and consumers as a key model of focus for this year.
The XPENG-W G6 is a model that matches Tesla in terms of size, power, space performance, and even interior style.
First, let's look at the dimensions of the XPENG-W G6. It has a length, width, and height of 4753mm, 1920mm, and 1650mm respectively, with a wheelbase of 2890mm. It belongs to the mid-size SUV segment, and these dimensions are almost identical to those of Tesla.
In terms of configuration, the XPENG-W G6 is equipped with a 10.2-inch LCD instrument panel and a 14.96-inch floating center control screen. It offers different versions including single-motor rear-wheel drive and dual-motor all-wheel drive, with maximum output power of 218kW and 358kW respectively. It is equipped with an 87.5kWh ternary lithium battery pack, and the maximum range under the CLTC comprehensive working condition can reach 755km.
Some comments suggest that as a product benchmarked against Tesla, the XPENG-W G6 is more like a "deluxe version" of Tesla. Apart from a large center screen, Tesla does not have a full LCD instrument panel or the popular co-pilot screen, so it is referred to as a "bare shell". XPENG-W G6 Dual Motor Version has recently been tested by evaluators. The maximum power of the front motor is 140kW, and the maximum power of the rear motor is 218kW. The comprehensive maximum power is 358 kW, and the maximum torque is 660 N·m. The performance of this powertrain is almost the same as that of the high-performance version of Tesla. The maximum power has increased by 1kW, and the maximum torque has increased by 1N·m, making it extremely precise.
In addition, it is reported that XPENG-W G6 adopts a high-voltage silicon carbide electric drive platform with a global 800V, coupled with 3C cells with stronger discharge rate, enabling efficient replenishment with a 10-minute charge and an increase of 300km in range.
Furthermore, XPENG-W G6 has performed exceptionally well in terms of intelligence. The vehicle is equipped with 31 sensors, including two lidars, dual Orin processing chips, and 508TOPS of computing power. It is also supported by a powerful autonomous driving supercomputing center with a computing power of up to 600PFLOPS.
At the same time, XPENG-W G6 excels in urban assisted driving. In the previous test drive, XPENG-W G6 performed remarkably well, especially on urban roads. Although the driver needs to remain focused in complex road and pedestrian conditions, overall, XPENG-W G6's urban NGP is already usable and provides a relatively relaxed driving experience.
In terms of price, XPENG-W G6 starts at 209,900 yuan, which is 54,000 yuan lower than Tesla, and the advantage of the high-end version is even greater.
Analysts believe that it is evident that XPENG-W G6 is well-prepared, with positioning and pricing clearly considered, both falling within the range of high user attention. It does not have any obvious shortcomings in terms of product strength, demonstrating strong competitiveness.
Benefiting from AI
Recently, XPENG-W's stock price has experienced a wave of growth.
In addition to the successful pre-sales and order growth of XPENG-W G6, there are other reasons for the rise in stock price, which is benefiting from the AI dividend.
Recently, Tesla's stock price has soared due to AI. Cathie Wood, a staunch supporter of Tesla, stated that software will be the next beneficiary of the AI frenzy. Tesla is actually the biggest player in the AI field, and its autonomous driving platform is expected to generate trillions of dollars in revenue by 2030.
In addition to Tesla, XPENG-W and Huawei, as leading domestic players in the autonomous driving field, have also attracted attention from the capital market. In terms of competitive strategy, XPENG-W has always been focused on intelligent technology and is attempting to further differentiate itself through the urban scenario NGP.
However, analysts believe that as the technology roadmap shifts towards large-scale algorithms based on BEV, it remains to be seen whether XPENG-W's technological differentiation is significant enough and whether it can be sustained. In addition, it will take time for consumers to establish differentiated awareness of intelligence.