China EV maker Xpeng to launch a Tesla Model Y competitor in 2023


A new Xpeng P7 car is shown in the Xpeng Motors flagship store in a shopping mall. Xpeng P7 is one of the two popular models of Xpeng motors.

Zhang Peng | LightRocket | Getty Images

Chinese electric carmaker Xpeng teased details about two new vehicles it plans to release next year, with one positioned to be a competitor to Tesla’s Model Y.

Currently, the company has four vehicles on sale — the flagship P7 sedan, a cheaper P5 sedan, the G3 sports utility vehicle and a larger G9 SUV that will begin being delivered to customers in October.

Xpeng has been aggressive in launching vehicles as it looks to gain share in China’s fast-growing electric vehicle market and challenge leaders such as…


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