The company plans to have the P5 officially available in the third quarter of 2021, with deliveries expected in the fourth quarter of 2021.
XPeng Motors delivered 8,040 vehicles in July, its highest monthly delivery record, up 228 percent year-over-year and up 22 percent from June.
The company's flagship sedan, the P7, reached 6,054 delivered units in July, the highest monthly delivery record since its launch, XPeng's data released Monday showed. Cumulative deliveries of P7 reached 40,612 units following its launch in July 2020.
XPeng's compact SUV, the G3, delivered 1,986 units in July.
As of July 31, the company's total deliveries for the year reached 38,778 units, up 388 percent year-over-year.
XPeng previously said the P7 sedan with lithium iron phosphate (LFP) batteries has seen strong demand since its launch in March this year. Deliveries of the model began in May, with sales increasing 27 percent in that month compared to April.
In March, XPeng announced the launch of the P7 and G3 with LFP batteries, with deliveries of the former starting in May and the latter in April.
The new P7 is available in two variants, with a combined range of 480km.
The new P7 is equipped with an Xmart OS in-vehicle intelligence system, with the lower-priced version equipped with an XPILOT 2.5 + automatic driving assistance system, priced from CNY 229,900 (USD 35,600).
The higher-priced version is equipped with the XPILOT 3.0 automatic driving assistance system, priced from CNY 239,900.
Together with the newly released model with LFP battery, the XPeng P7 is now available in four models: rear-wheel drive standard range, rear-wheel drive long-range, rear-wheel-drive extra long range and four-wheel-drive high performance. Their price range covers CNY 229,900 to CNY 339,900.