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China’s Xpeng Unveils Car With Longer Range Than Tesla’s Model 3

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China’s Xpeng Launches New P7 Sedan
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Xpeng Motors unveiled an electric car that will compete against Tesla Inc.’s Model 3 in China by offering a longer range and cheaper price.

The P7 sedan, Guangzhou-based Xpeng’s second vehicle, will have a maximum range of 706 kilometers (440 miles) per charge and cost 254,900 yuan ($36,000) after subsidies when it becomes available in September, the company said Monday. By comparison, the longer-range version of the Model 3 that’s expected to be available in China in June will be able to run 650 kilometers on one charge and sell for 344,050 yuan.