XPeng Introduces G7 SUV with Turing AI Chip, Outpacing Tesla

XPeng Inc. has launched its G7 SUV, delivering the first vehicles in Shanghai. The G7 outpaces Tesla’s Model Y in local demand, with 70-80% of buyers opting for the top-tier version. XPeng introduced three G7 variants at more affordable prices than Tesla’s Model Y, receiving over 10,000 orders within nine minutes. The G7 features XPeng’s Turing AI chip, offering high computing power. XPeng aims to sell around 100,000 G7 units annually.

XPeng’s Zacks Rank is currently at #3 (Hold). Better-ranked stocks in the auto space include Strattec Security Corporation and Aisin Corporation, each with a Zacks Rank #1 (Strong Buy). STRT and ASEKY show growth potential in sales and earnings for fiscal 2025 and beyond.

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Read more at Nasdaq: XPeng Commences Deliveries of G7 SUV Equipped With Turing AI Chip