Benzingaยท2025-09-10 20:10Core Viewpoint - XPeng Inc. has announced a hybrid strategy by filing for an extended-range version of its G7 SUV, which has led to a decline in its shares as competition in the Chinese EV market intensifies [1]. Group 1: Product Development - The G7 EREV has been included in China's Ministry of Industry and Information Technology (MIIT) catalog for public comment, marking a significant step towards its market clearance [2]. - The G7 EREV will be produced at XPeng's Guangzhou plant and features a five-seat configuration with dimensions of 4,918 mm in length, 1,925 mm in width, and 1,655 mm in height, along with a wheelbase of 2,890 mm [3]. - The vehicle is equipped with a 1.5-liter range-extending engine rated at up to 110 kW and a lithium iron phosphate battery pack with a capacity of 55.8 kWh, providing a pure-electric range of 325 km [4]. Group 2: Market Strategy - The introduction of the G7 EREV follows the earlier filing of the X9 MPV hybrid, aligning with XPeng's "Kunpeng Super Electric System" architecture aimed at achieving long combined driving ranges [5]. - The G7 EREV variant is slightly longer than the battery-only G7, which was launched earlier this year and features XPeng's in-house Turing driver-assistance chip [6]. - The battery-electric version of the G7 starts at approximately RMB 195,800 and has a CLTC-rated range of up to 702 km [6]. Group 3: Stock Performance - Following the announcement of the hybrid strategy, XPeng shares experienced a decline of 3.25%, trading at $20.07 [6].