Xpeng P5 2024 launched in China. Price sliced by 10%

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The 2024 model year Xpeng P5 electric sedan started sales in China. Thanks to LiDAR sensors absence, it starts 10% cheaper than the older model. The entry level Xpeng P5 2024 costs 156,900 yuan (21,500 USD). Xpeng continues the Chinese price war to boost the P5’s sales volume.

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The Xpeng P5 was initially launched in 2021 with a starting price tag of 157,900 yuan (21,600 USD). Such a low price level was reached because of government subsidies. After the subsidies were eliminated, the P5’s price tag increased, influencing the model’s sales volume. This sedan became less desirable in China. In August 2023, Xpeng sold 1,268 units. The cumulative sales of the model reached 12,847 units in 2023, down 56.6% Y-O-Y. This is the main reason for launching the cheaper Xpeng P5 version.

More on Xpeng P5 2024

The Xpeng P5 sedan still stands on the David architecture that also underpins the G3i SUV. Its dimensions remained the same at 4808/1840/1520 mm with a wheelbase if 2768 mm. But the exterior styling of the P5 was adjusted. Its LiDAR sensors were removed. And the front bumper of the P5 became more minimalistic with a single trapeze-shaped air intake. Xpeng calls this styling ‘Aero Face’. Adjusted front end helps P5 to reduce drag from 0.223 Cd to 0.218 Cd. Otherwise, its exterior design wasn’t changed. The Xpeng P5 still has retractable door handles, a slick roofline, and a single taillight unit.

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The P5 is available with two exterior colors as standard: Gray and Black. And there are also three extra colors that are available for 3,000 yuan (410 USD): Green + Black roof, Silver + Black roof, White + Black roof. And there are two rims options: R17 and R18 (3,000 yuan extra).

Inside, the Xpeng P5 has a round steering wheel with a gear shifter behind it. Behind the wheel, we can also notice a large 12.3-inch screen. As for the main monitor, its diameter reaches 15.6 inches. They are powered by Snapdragon 8155 chip. The overall styling of the sedan’s interior is quite minimalistic. Moreover, the Xpeng P5 also has 26 storage spaces. And its trunk’s capacity reaches 450 liters.

The powertrain of the Xpeng P5 comprises a single electric motor on the front axle for 211 hp (155 kW) and 310 Nm. Its zero-to-hundred acceleration time is 7.5 seconds. The top speed is 170 km/h. The electric motor is powered by the 55.5-kWh LFP battery for 450 km of range. It supports 400V architecture and can be charged 30-80% in 30 minutes.

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Xpeng P5 price

As mentioned, the Xpeng P5 lost LiDAR sensors. But it isn’t the only loss of the self-driving system’s hardware. The entry level P5 has only got rear parking sensors, a rear camera and four ultrasonic radars. As a result, its XPILOT 3.5 system was removed, and the P5 supports only regular cruise-control. However, the second trim level supports ACC, NGP and other functions.

The Xpeng P5 2024 is available in two trim levels. The P5 500Plus costs 156,900 yuan (21,500 USD). It is a bit cheaper than the P5 launched in 2021, with subsidies applied. And the Xpeng P5 500Pro is available for 174,900 yuan (23,950 USD). The relatively low price tag of the P5 can help it to increase the sales volume. We will keep an eye on it, so stay tuned!

Source: Xpeng, Xpeng Weibo

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