XPENG(US:XPEV) Mei Ri Jing Ji Xin Wen·2025-11-06 12:29Core Insights - Xiaopeng Motors has launched its first range-extended model, the Xiaopeng X9 Kunpeng Super Range Extender, with a starting price of 350,000 yuan for the Max version and 370,000 yuan for the Ultra version, which is nearly 10,000 yuan lower than the starting price of the pure electric version [1] - The company aims to differentiate its range-extended products from traditional fuel MPVs, highlighting a potential annual savings of 43,000 yuan for users, equating to the cost of a MONA model in three years [1] Group 1: Product Development and Market Strategy - Xiaopeng Motors began researching range-extended products in 2022, and after evaluating the market potential and competition, the management concluded that the market ceiling for range-extended products is still high with a favorable return on investment [2] - The company recognizes the need for new energy solutions to enter global markets, emphasizing that vehicles must achieve over 1,000 kilometers of range, necessitating power sources beyond pure electric [2] - The Xiaopeng X9 features the Kunpeng Super Range Extender technology, an 800V high-voltage platform, a 63.3 kWh battery, 5C ultra-fast charging, and a 60L fuel tank, with a pure electric range of 452 kilometers and a total range of 1,602 kilometers [2] Group 2: Competitive Landscape and Industry Trends - The current market for range-extended vehicles has evolved, with September data showing wholesale sales of pure electric vehicles at 947,000 units, a year-on-year increase of 32.4%, while range-extended vehicles saw sales of 129,000 units, a year-on-year increase of 8.7% [3] - The significant drop in lithium carbonate prices from approximately 600,000 yuan per ton in 2022 to around 70,000 yuan per ton currently has created opportunities for reducing vehicle prices and enhancing battery capacity [3] - Industry experts suggest that range-extended vehicles provide a better user experience compared to traditional fuel vehicles, making them a viable option for consumers transitioning to electric vehicles [4] Group 3: Future Plans and Market Expansion - Xiaopeng Motors plans to differentiate its technology strategy based on vehicle size, with smaller models using pure electric and larger models adopting a "pure electric + range extender" approach, targeting lower-tier cities for market penetration [5] - The Xiaopeng X9 range-extended model is set to launch this month, with plans for other models like the G6, G7, and P7+ to also feature the Kunpeng Super Range Extender technology [5] - By the second half of 2026, Xiaopeng Motors aims to introduce its range-extended products to overseas markets [5]