On May 26th, XPENG CEO He Xiaopeng announced on Weibo that their new MPV model will be named X9 (XPENG X9), and is claimed to “open up the market for youthful MPVs”.
According to previous reports, He Xiaopeng stated during the Q4 2022 earnings call that XPENG will launch a brand-new all-electric 7-seater MPV in Q4 2021, which is expected to be the XPENG X9.
MPV refers to Multi-Purpose Vehicle, also known as a minivan, which is a vehicle with a mix of boxy and SUV-like features and can accommodate up to seven to eight passengers.
In Q1 2021, XPENG’s revenue was CNY 4.03 billion, a year-on-year decrease of 45.9%, which was estimated to be CNY 4.22 billion; the net loss was CNY 2.34 billion, compared to the market expectation of a net loss of CNY 1.898 billion and a net loss of CNY 1.7 billion in the same period last year. With such performance, XPENG really needs to come up with more eye-catching products.
In addition, netizens recently captured suspected spy shots of XPENG MPV models, which still use the XPENG family-style design and have a rare hatchback-style tail shape among MPVs.
