SHANGHAI (Reuters) – China’s electric vehicle (EV) maker Xpeng unveiled on Sunday a new platform it developed in-house for making vehicles, which it said will reduce the development and manufacturing costs for its company’s upcoming models.
The Smart Electric Platform Architecture (SEPA) 2.0 will help Xpeng to reduce costs of powertrain systems including batteries by 25% and those of intelligent driving system by 50% by the end of 2024, Brian Gu, Xpeng’s president, told reporters in Shanghai on Sunday.
He said that these cost reductions would give Xpeng an edge against its rivals in an increasingly competitive market.
“Since early this year…, a number of players have been launching aggressive price cuts,” said Gu.
“The focus on the capability of offering attractive products at affordable prices becomes even more important.”
Xpeng will build its G6 SUV, which will debut at the Shanghai auto show…
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