Market Chatter: Xpeng, BYD Expand Premium SUV Lineups Amid Rising Competition in China

MT Newswires Live06-22

Xpeng (XPEV) and BYD are among Chinese electric-vehicle makers introducing larger premium sport utility vehicles as automakers target higher-margin segments despite growing concerns about oversupply, Nikkei Asia reported Monday.

The report said Chinese manufacturers have launched more than 20 full-size SUV models this year, while industry production capacity exceeds estimated annual demand for the segment.

BYD last week launched its Great Tang SUV at a price below its presale level, while Xpeng introduced its GX model at a lower-than-expected starting price, according to the report.

BYD and XPENG did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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