2026 XPeng P7 pricing revealed? New Chinese electric car rival to Xiaomi SU7 and Tesla Model S starts at less than $55k, but will it come to Australia?

The most hyped Chinese car since the Xiaomi YU7, XPeng’s new-generation P7 flagship sedan, has been priced for its domestic market.

Starting from just RMB219,800 (A$47,180) and ranging to RMB301,800 (A$65,000), the P7 instantly accrued over 10,000 pre-orders, according to the brand.

The luxury and performance-focused sedan is offered as a 270kW rear-wheel-drive model, or as a 437kW all-wheel drive. It also has two battery sizes, either a 74.9kWh standard range (702km range CLTC) or a 92.9kWh long-range (820km range for RWD or 750km range for AWD - CLTC).

Both batteries are supported by an 800-volt architecture which allows up to 525km of range that can be charged in 10 minutes on a compatible charger, according to the brand.

Standard features are impressive for the five-meter-plus sedan, including a 15.6-inch multimedia touchscreen which can pivot slightly, an 8.8-inch digital dash, and an 87-inch augmented reality head-up display.

Meanwhile wheel choices range from 20 to 21 inches. Nappa leather interior trim is also standard in three colour schemes, while on the performance front the P7 scores dual-chamber air suspension with variable damping in the shock absorbers, as well as an active rear spoiler and intake grille.

The rear-wheel-drive versions can sprint from 0-100km/h in 5.7 seconds, while the all-wheel drives can sprint from 0-100km/h in as low as 3.7 seconds. Meanwhile, the boot measures in at 575 litres, and there’s an additional frunk measuring 56 litres.

In addition, the XPeng P7 will make its international debut at the Munich motor show in September. If you’re excited for an Australian launch, it’s unclear whether the new car will be made in right-hand drive at this stage, although with export markets a focus so early in its launch cycle, it wouldn’t be unprecedented for the Chinese upstart.

In terms of pricing, once the usual 20 per cent is added to the price, we could expect to see the new P7 as low as the mid-$60k mark in Australia. However, in recent comments to CarsGuide CEO of XPeng’s local importer Jason Clarke implied the smaller and more affordable Mona M03 was the more likely of the two to land in Australia.

That car is seen as a cut-price alternative to the likes of the Tesla Model 3 or Polestar 2, and was a hit in the Chinese market, selling more than 150,000 units, likely because it costs about half the price of the P7, while offering more than 500km of driving range.

“The tech involved at this price point is crazy, and the thing is traditionally, you’re taught in marketing that you can’t have cheap and quality it’s one or the other. But the benchmark for quality is so high now, and if we can land it for that price point, it’s insane. It’s unheard of," Clarke said at the time.

However, big plans or not, XPeng has chugged along since its Australian launch with just one model, the G6 mid-size SUV, which has attracted interest as an affordable alternative to the Tesla Model Y.

Other offerings from XPeng in line for an Australian launch late this year or early next year include the X9 people mover and G9 large SUV.