XPeng Launches P7 Sedan in Norway

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Investing.com — XPeng Inc (NYSE:XPEV) announced Wednesday that it has launched its flagship smart electric sedan, the XPENG P7, in Norway

The Chinese electric vehicle company said retail prices for the P7 rear-wheel drive (RWD) version start at NOK 447,820 (around $53,342) and NOK 507,820 (around $60,489) for the 4 wheel drive (4WD) version.

In addition, XPeng’s exclusive P7 Wing is also available for order and will start at NOK 599,900 (around $71,457).

“The P7’s launch marks an exciting new chapter as we broaden our sales and service network and accelerate our business momentum to better serve our customers in Norway,” said Christian Hem, sales director of XPENG Norway, at the P7 launch event in Oslo.

XPeng shares are up over 2% on Wednesday afternoon but have seen little reaction to the announcement of the Norway launch.

On Sunday, at its 1024 Tech Day, the company unveiled its road-capable flying car plans.