XPEV - XPeng launches two flagship EVs in Europe to build presence overseas

• Chinese EV automaker XPeng Motors ( NYSE: XPEV ) officially launched two new models in Europe on Friday, the long anticipated G9 SUV, and an optimized P7 sedan featuring added range and faster charging.
• Both XPeng ( XPEV ) EV models are on display at the eCar Expo in Stockholm this weekend, and will begin deliveries in four countries - Denmark, Norway, the Netherlands and Sweden - later this year.
• "XPeng G9 and P7 bring a combination of superior styling, quality, performance and comfort, exemplifying our market-leading technology and innovation," said Brian Gu, vice chairman and president of the company. "Today also represents a significant milestone as we build our presence in Europe."
• The G9 officially launched in China last September and was classified by the company as "the world’s fastest charging EV."
• XPeng's ( XPEV ) P7 sedan has seen its first major overhaul since an initial debut in 2019 and has been optimized to receive charging power up to 175 kW and replenish from 10-80% in 29 minutes on a DC fast-charger.
• Other additions to the XPeng ( XPEV ) P7 include an electric tailgate, soft-closing doors, a heated steering wheel, and a heat pump – perfect for winter climates in Europe like Sweden and Norway.
• XPeng ( XPEV ) expects deliveries of the new P7s to begin in Europe in June, with G9 deliveries to follow in September.
• Rivals Li Auto ( LI ) and Nio ( NIO ) reported January deliveries of 15,141 and 8,506 vehicles, respectively.
• Read the latest breakdowns on XPEV from Seeking Alpha authors.

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