Xpeng has announced its most expensive car to date. Pictured here at a store in Shanghai, China, on July 2021 are two of Xpeng’s previously released models, a P7 Wing Limited Edition in green and a G3 SUV in blue.
Qilai Shen | Bloomberg | Getty Images
BEIJING — Chinese electric car start-up Xpeng has released its most expensive car to date, marking the company’s foray into a higher price range.
Shares of the automaker briefly fell by more than 15% in Hong Kong trading Thursday.
On Wednesday night, Xpeng announced its newest car, the G9 SUV, will be priced from 309,900 yuan ($44,270) to 469,000 yuan. Deliveries are set to begin in China in October, the company said.
The price range makes…