Chinese EV maker XPeng (NYSE:XPEV) has launched two new models in the European region. The XPENG G9 SUV and P7 sports sedan are now commercially available in Denmark, Norway, Sweden, and the Netherlands.
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Further, both cars are being displayed at the eCar Expo in Stockholm this week. While the G9 packs the company’s latest advanced driver assistance system (ADAS), battery tech, and powertrain system, the P7 brings together faster charging, a longer range, and a new smart cabin.
Impressively, the G9 can go from 10% battery to 80% in only 20 minutes and can travel 570 KM WLTP on a single charge. The P7 can go from 10% battery to 80% in 29 minutes and offers 576 KM WLTP on a single charge. Further, the company is also focusing on expanding its presence in the region and is aiming to open new delivery and service centers in multiple European countries this year.
Overall, Wall Street has a consensus price target of $11.72 on XPEV, implying a 6% potential upside in the stock. That’s after a 69% slide in the company’s share price over the past year.
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