We expect some of these challenges will persist. Many auto brands had to adjust their production and delivery timeline – as well as pricing – in order to mitigate these challenges and uncertainty. Here’s an official statement:Īs we are all aware, the global supply chain issues have been impacting the automotive industry for many months. In an act of transparency and a continued open dialogue with the press and its customers, a spokesperson XPeng shared the news with Electrek. The XPeng P5 parked during a test drive in the Netherlands / Credit: Scooter Doll XPeng P5’s entry into Europe on hold for foreseeable future Instead, XPeng will shift its focus to the P7 in Europe as the timeline for the P5 remains unclear. Those plans have now changed due to supply chain issues affecting much of the automotive industry. This year, the company has opened “Experience Stores” in Sweden, Denmark, and the Netherlands to educate local consumers and gauge interest pertaining to the P7 and P5 before determining which EV to bring to each respective European market first. This past March, XPeng began taking P5 reservations overseas, allowing customers to configure their P5 and reserve it with a deposit.
When the P5 officially launched in China last September, its pricing remained highly competitive alongside news XPeng would begin selling it in certain markets in Europe. By initially undercutting the popular Tesla Model 3 by nearly $14,000, it was clear XPeng had come to compete. XPeng Motors ($XPEV) made an initial splash in China last summer when it shared initial pricing for its all-electric P5 sedan – the third EV in its lineup. Citing foreseen export timeline issues, XPeng will shift its focus to the P7 sedan. The decision comes just months after the company opened reservations for the P5 overseas.
Chinese EV automaker XPeng Motors announced it has suspended all P5 reservations and pre-orders in the four countries in Europe it currently has a presence.
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