Xpeng's new EV platform aims to cut costs and compete with Tesla in China.
TL;DR
Chinese EV maker XPeng has unveiled its Smart Electric Platform Architecture (SEPA) 2.0, which will reduce the cost of development and manufacturing for future models. The platform will support a range of vehicle types and is expected to shorten the R&D cycle for future models by 20%. XPeng's upcoming G6 coupe SUV will be the first vehicle built on the SEPA 2.0 platform. The cost-focused event comes as XPeng's rivals have sparked price wars in China.
- XPeng unveils new EV platform designed to cut production costs TechCrunch
- China's Xpeng aims to cut costs with new vehicle manufacturing platform Reuters
- Tesla price cuts in China push rival Xpeng to cut manufacturing costs: ‘The industry is becoming a lot more competitive’ Fortune
- Xpeng to cut cost by 25pc by tweaking designs, efficiency South China Morning Post
- After Tesla, rival Xpeng to cut costs in China with new vehicle manufacturing platform Seeking Alpha
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