Di Yi Cai Jing·2025-07-04 08:12Core Viewpoint - The launch of Xiaopeng's new electric SUV model G7 highlights the competitive landscape in China's electric SUV market, particularly against Tesla's Model Y, which remains a benchmark for high-end electric SUVs in the country [2][3]. Group 1: Market Competition - Xiaopeng's CEO, He Xiaopeng, noted the intense competition in the electric SUV market priced above 200,000 yuan, with Model Y being a significant reference point for many domestic brands [2]. - In the first half of 2023, Tesla's Model Y delivered 127,800 units in China from January to May, with June sales reaching 61,000 units, marking a 59% month-on-month increase and a 3.7% year-on-year increase [2]. - The competitive landscape is set to intensify with at least seven new SUV models entering the market in the second half of 2023, all targeting the price range of Model Y [3]. Group 2: Product Development and Features - Xiaopeng's G7 is positioned in the 200,000 to 300,000 yuan price range, with a starting price of 190,000 yuan, which is approximately 60,000 yuan lower than the starting price of the 2025 Model Y [3]. - The G7 is claimed to be the world's first L3-level AI computing power vehicle, featuring three self-developed Turing AI chips, achieving an effective computing power of 2,250 TOPS, which is 3 to 28 times that of industry flagship models [4]. Group 3: Company Performance - Xiaopeng achieved a delivery volume of over 190,000 units in the first half of 2023, making it the only new car manufacturer to exceed half of its annual sales target [4]. - He Xiaopeng summarized the company's strategy with three keywords: "competition, intelligent driving, and emotional connection," emphasizing the importance of technology, service, and quality without engaging in price wars [4]. Group 4: Stock Market Reaction - Following the news, Xiaopeng's stock on the Hong Kong market experienced a significant decline of 6.56% [5].