Xpeng CEO: You can’t build a smart car under $23 000. Enovate: Hold my beer

Enoreve ME5

Xpeng CEO He Xiaopeng claimed at the China Auto Bluebook Forum in June that a profitable smart vehicle can’t be less than 150 000 yuan ($23 000).

“It is impossible to make an intelligent car if it was priced lower than 150 thousand yuan because smart capabilities are always on track of progress,” Mr. He said.

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Enovate/Enoreve launched ME5 with 1012km range for $23 000

Enoreve ME5

Enovate is a new EV brand from China. It took them only one mass-produced car (ME7) before changing their name to Enoreve. Chinese name remains the same (天际). On July 13, they launched their second car, Enoreve ME5, with a price tag of 149 900 yuan ($23 000) and 1012 km range.

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