Guangzhou Xiaopeng Motors Technology Co., or Xpeng Motors, including one in 2018 that raised 2.2 billion yuan ($313 million) for the carmaker co-founded by former Alibaba executive He Xiaopeng.Xpeng launched its first vehicle, the five-seat G3 SUV, last year and has sold 11,940 vehicles so far this year, according to data compiled by Bloomberg.The company, founded in 2014, also is teaming up with more-established automakers. A factory built with Haima Automobile Co. can produce 150,000 EVs annually. Another should soon begin assembling the P7 coupe, scheduled to begin deliveries next year
The five seat G3 SUV i recently saw on display at a shopping mall in Guangzhou cost RMB 180,000 or AUD $36,000
The P7 Coupe which looks a lot like a Tesla Model 3 will come out in 2020 cost RMB 270,000 to RMB 370,000 AUD$ 54,000 to AUD$ 74,000
